Waterfront Property in the Bahamas & Real Estate Expertise

2011 is an exciting and super-active year for new and groundbreaking developments in the Bahamas. After what some consider a “two-year drought” in the economy with property values dipping on average by 20%, economist predict that this year will prove to be a major turnaround year . Take a look at what has been happening:

1. Baha Mar breaks ground! Touted as “the largest single-phase resort development in the history of the Caribbean, Baha Mar celebrated the commencement of construction with its official groundbreaking ceremony on Feb. 21, 2011. The 1,000-acre, $3.4 billion resort, gaming and entertainment complex, slated to open in late 2014, will include some of the world’s most famous hotel brands, and is expected to set a new standard of luxury for the hospitality industry.” 
2. First phase completion of the Lynden Pindling International Airport! The new eco-friendly designed 247,000 sq. ft. terminal is the first phase of the $409.5 million airport redevelopment project. This new U.S. Departures Terminal is the first of three linked terminals which will revitalize the major gateway into The Bahamas. The terminal boasts a $10 million state-of-the-art baggage system - the most sophisticated and complex ever installed at a US pre-clearance facility – allowing for baggage to be deposited at each airline counter upon check-in, with weight and photos of the baggage transmitted electronically to US Customs and Border Protection, and 19 retail and food and beverage options, including a native sit down restaurant capable of seating up to 170 patrons. In 2008, 3.2 million passengers traveled through LPIA. By 2020, with the new expanded facilities, our airport is expected to accommodate 5.2 million passengers.
3. New National Stadium nears completion for June 2011! The largest of its kind in the region, the new national stadium nears completion with just four months left to go. Upon completion, the stadium will be able to seat 23,000. The stadium will feature the latest in technology with fibre optics being installed for state-of-the-art-broadcast transmission, the stadium will also have wheel-chair accessibility, a sprinkler system, rainwater catchment system, parking facilities for approximately 2500 vehicles and a dedicated lane off the main road, which leads into the complex. The stadium is certified to meet the requirements of international sporting authorities including: International Association of Athletic Federations (IAAF), the world governing body of track and field; International Olympic Committee (IOC); and the official source for Olympic games and data and Fédération Internationale de Football (FIFA), the international governing body of football and the stadium will also have the capacity to accommodate other major events such as concerts.

As a leading investor website states, “Bahamas real estate offers long-term potential, stable rental income, as sale prices stay flat. Those who want a holiday home, rental property, or a solid investment property continue to eye The Bahamas’ high-grade developments, condos and gated homes located in well established communities. Numerous factors such as location, airlift, infrastructure, language, currency, tax benefits and friendly people, make investing in The Bahamas a favourable choice for those looking overseas for real estate.”

Please email me at for further information on waterfront properties. Take a look at these exclusive properties at ocean club residences, sandyport and caves heights. 

Posted by:  Monica Knowles