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Dec 22, 2009
No widespread price falls in Bahamas; good yields
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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