|
Last Updated: Dec. 22, 2009 |
| ABACO & GRAND BAHAMA - Waterfront condos |
COST (US$) |
YIELD (p.a.) |
PRICE/SQ.M. (US$) |
| TO BUY |
MONTHLY RENT |
TO BUY |
MONTHLY RENT |
| 70 sq. m. |
298,550 |
n.a. |
n.a. |
4,265 |
n.a. |
| 120 sq. m. |
449,640 |
n.a. |
n.a. |
3,747 |
n.a. |
| 160 sq. m. |
671,840 |
n.a. |
n.a. |
4,199 |
n.a. |
| 200 sq. m. |
732,000 |
n.a. |
n.a. |
3,660 |
n.a. |
| 300 sq. m. |
1,117,500 |
n.a. |
n.a. |
3,725 |
n.a. |
| ABACO & GRAND BAHAMA - Waterfront houses |
|
|
|
|
|
| 150 sq. m. |
905,650 |
n.a. |
n.a. |
6,051 |
n.a. |
| 250 sq. m. |
1,190,750 |
n.a. |
n.a. |
4,763 |
n.a. |
| 350 sq. m. |
1,450,050 |
n.a. |
n.a. |
4,143 |
n.a. |
| 550 sq. m. |
3,317,600 |
n.a. |
n.a. |
6,032 |
n.a. |
| ABACO & GRAND BAHAMA - Inland condos |
|
|
|
|
|
| 150 sq. m. |
576,300 |
n.a. |
n.a. |
3,842 |
n.a. |
NASSAU -
Waterfront condos |
|
|
|
|
|
| 120 sq. m. |
470,400 |
2,936 |
7.49% |
3,920 |
24.47 |
| 175 sq. m. |
770,000 |
4,641 |
7.23% |
4,400 |
26.52 |
| 225 sq. m. |
838,125 |
6,113 |
8.75% |
3,725 |
27.17 |
NASSAU -
Inland condos |
|
|
|
|
|
| 120 sq. m. |
336,480 |
2,161 |
7.71% |
2,804 |
18.01 |
| 200 sq. m. |
589,000 |
3,656 |
7.45% |
2,945 |
18.28 |
NASSAU -
Waterfront houses |
|
|
|
|
|
| 250 sq. m. |
1,176,500 |
5,760 |
5.88% |
4,706 |
23.04 |
| 400 sq. m. |
1,854,400 |
n.a. |
n.a. |
4,636 |
n.a. |
| 625 sq. m. |
3,144,375 |
n.a. |
n.a. |
5,031 |
n.a. |
NASSAU -
Inland houses |
|
|
|
|
|
| 150 sq. m. |
348,150 |
2,777 |
9.57% |
2,321 |
18.51 |
| 250 sq. m. |
611,750 |
4,283 |
8.40% |
2,447 |
17.13 |
| 350 sq. m. |
956,550 |
n.a. |
n.a. |
2,733 |
n.a. |
Districts researched:
Abaco: Great Guana Cay, Hope Town/Elbow Cay, Treasure Cay, Tillo Cay, Scotland Cay, Green Turtle Cay, Leisure Lee, Casuarina Point, Marsh Harbour
Grand Bahama: Freeport, Fortune Bay, Colony Bay, Bell Channel Bay, Casa Loma, Bahamia, Lucaya/Lucayan Reef, Discovery Bay
Nassau: Lyford Cay, Port New Providence, Paradise Island, Cable Beach, Sandyport, Eastern Road, Old Fort Bay, Caves Point, Love Beach, West Bay Street
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
Our impression is that property prices have been a little weak in the Bahamas. However, nowhere do we see widespread price falls, with the arguable exception of houses on the Abaco and Grand Bahama waterfront, which (according to our figures) are on average down around 15% on last year. However this may be some kind of statistical blip, because condominiums in the same location are firm, as are other types of properties elsewhere in the Bahamas.
The Bahamas has traditionally had quite high yields, though so much property is seasonal, that it is hard to get good figures. Among the different types of properties that we surveyed, inland houses on Nassau have the highest average yields at around 9.00%, versus under 6% for houses along the water.
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