The Bahamas have become a suburban retreat for S. Florida… I found this Post in The Bahama Journal:
“Market Still Thriving For Second Homes
By Kendea Jones
The second home market in The Bahamas remains vibrant despite a grave slowdown in the world economy, according to the President of the Bahamas Real Estate Association William Wong.
Citizens from around the world have been overwhelmingly attracted to The Bahamas as the destination for second and third homes. However fears of a looming recession in the United States economy, high food and oil prices and a global economic softening have lead to many people reordering their priorities.
“It is not as bad as one expects,” said Mr. Wong of the market for second homes.
“[Foreigners] have a lot of disposable income and I don’t think it would affect them as much. We will see a small decline in second-home buyers especially in the Family Islands but I think that they will continue to do well with the second home buyers.”
Just under $6,000 per square metre could get you a prime beachfront plot of land on the Bahamian waterfront, but the cost get’s much cheaper once you travel inland, according to a global investment guide to buying property around the world.
Global Property Guide said The Bahamas is definitely at the top of the list of tropical heavens because of its accessibility from South Florida. The report also said the average price for coastal properties in the Bahamas was around US$5,850 per square meter (sq.m.).
For houses further inland with commanding views of the ocean, the average price was US$2,500 per sq. m., the group reported.”
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