NASSAU – Resort property developments throughout The Bahamas have reported a huge boost in sales in the first quarter of the year as investor confidence returns, with some developments expected to sell out by the summer.
One such case releasing its second phase due to overwhelming success, is the oceanfront Caves Heights condominiums in Nassau, where North American, Canadian and European investors are showing keen interest in the island nation’s real estate.
“The Bahamas is experiencing a more aggressive turnaround due to the recent revitalization of Nassau, which has been fast-tracked as an accessible, modern and luxurious vacation and second-home destination in the Caribbean,” said Gustaf Hernqvist, sales & marketing vice president of the private, residential, community.
North Americans are turning a longstanding dream of living the island lifestyle into reality as the US economy stabilizes and the risks inherent in such investment decisions have markedly minimized. The government has spent millions on new infrastructure, including the new airport and roadworks, to turn West Nassau into a vibrant, super-modern yet relaxing destination with all the creature comforts.
