Bahamas: House Prices, Rents, and Rental Yields
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Last Updated: Nov 28, 2007
Yields are good in the Bahamas
| Last Updated: Nov 28, 2007 | |||||
| NEW PROVIDENCE AND PARADISE ISLAND - Waterfront - Condos | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 120 sq. m. | 479,760 | 3,091 | 7.73% | 3,998 | 25.76 |
| 175 sq. m. | 855,575 | 4,825 | 6.77% | 4,889 | 27.57 |
| 290 sq. m. | 1,647,490 | 7,502 | 5.46% | 5,681 | 25.87 |
| NEW PROVIDENCE AND PARADISE ISLAND - Waterfront - Houses | |||||
| 200 sq. m. | 929,600 | 5,784 | 7.47% | 4,648 | 28.92 |
| 400 sq. m. | 1,988,000 | 8,896 | 5.37% | 4,970 | 22.24 |
| 600 sq. m. | 4,229,400 | n.a. | n.a. | 7,049 | n.a. |
| 670 sq. m. & above | 6,572,700 | n.a. | n.a. | 9,810 | n.a. |
| NEW PROVIDENCE AND PARADISE ISLAND - Inland Condos | |||||
| 120 sq. m. | 386,160 | 2,434 | 7.56% | 3,218 | 20.28 |
| 260 sq. m. | 1,376,960 | 6,188 | 5.39% | 5,296 | 23.80 |
| NEW PROVIDENCE AND PARADISE ISLAND - Inland Houses | |||||
| 200 sq. m. | 826,400 | 3,854 | 5.60% | 4,132 | 19.27 |
| 330 sq. m. & above | 1,792,560 | 8,606 | 5.76% | 5,432 | 26.08 |
| Abaco and Grand Bahama* - Waterfront - Condos | |||||
| 100 sq. m. | 386,100 | 1,082 | 3.36% | 3,861 | 10.82 |
| 150 sq. m. | 615,600 | n.a. | n.a. | 4,104 | n.a. |
| 230 sq. m. | 1,002,800 | 3,117 | 3.73% | 4,360 | 13.55 |
| Abaco and Grand Bahama - Waterfront - Houses | |||||
| 80 sq. m. | 554,400 | n.a. | n.a. | 6,930 | n.a. |
| 150 sq. m. | 1,053,000 | n.a. | n.a. | 7,020 | n.a. |
| 315 sq. m. | 2,197,125 | 4,123 | 2.25% | 6,975 | 13.09 |
| 600 sq. m. | 4,316,810 | n.a. | n.a. | 6,443 | n.a. |
| Abaco and Grand Bahama* - Inland - Condos | |||||
| 125 sq. m. | 267,875 | 1,475 | 6.61% | 2,143 | 11.80 |
| Abaco and Grand Bahama - Inland - Houses | |||||
| 230 sq. m. | 757,620 | n.a. | n.a. | 3,294 | n.a. |
| * There are few properties available for long-term rent.
Source: Global Property Guide |
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In New Providence and Paradise Island, yields on condominiums range from 5.3% - 7.8%, with an average of 6.6% for both inland and waterfront areas. Waterfront properties generally have slightly higher yields and are more expensive.
Condominium prices in Abaco and Grand Bahama are cheaper but do not differ greatly from those in New Providence and Paradise Island. At an average of US$3,617 per sq. m, they are a thousand dollars less. Yields are also less at 4.56%, only reaching up to 6.61% for units inland.
In these areas, waterfront and inland houses almost cost the same at US$6,007 per sq. m in New Providence and Paradise Island, and US$6,132 per sq. m in Abaco and Grand Bahama.
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