The Bahamas Real Estate Association wants changes made to the Real Estate Act
Complaints have been made that Bahamian Real Estate agents are being sidestepped on the bigger deals even though there are laws on the books to the contrary.
The article points to $1.53B in sales of "second home, condo hotel and timeshare investments", but doesn't indicate for what period of time. I presume this figure includes home vacation rentals on Eleuthera et al.
"The Minister further encouraged BREA members to enhance sales by encouraging Bahamians to buy a second home in the Bahamas instead of in Orlando or other foreign destination and to encourage fellow Bahamians to invest or reinvest in their own country." Gee... Hmm...
I find mention of Abaco Club on Winding Bay beach of interest. Is this the same Winding Bay on Eleuthera? Sounds more like Abacos. I have never heard of Winding Bay on Abaco, but wouldn't be shocked to hear it exists either.
Other points of interest on Eleuthera include Eleuthera Properties, Governor's Harbour Resort, Powell's Pointe and Windermere -- Valentine's Resort on Harbour Island as well.
As a sidenote, and not that it should matter, I do not own property nor have any investments in the Bahamas. Having traveled there for many years, I have considered purchasing property there, and as such, my interest in Bahamas real estate, be it Eleuthera or any island, is casual. It's always been tempting to buy a piece of the dream, but in the end, I prefer to be mobile.
Copyright © 2005 Perry Joseph
No comments:
Post a Comment