Engel & Völkers 2019 Real Estate Market Report shows mixed results for the Bahamas real estate market. While the total number of residential units sold on The Bahamas Multiple Listing Service slipped by about 20% throughout the islands, the average sales price for all residential property sales (including land) increased by 6.7% from $239,56 in 2018 to $255,547. Factors affecting the decrease in unit...
The Bahamas, a Caribbean Community, is an independent offspring of Great Britain and a self-governing member of the Commonwealth. It is a member of both the United Nations and an Organization of American States. Careers in Administration within the Bahamas, start the pay scale at about $24,000 per annum and stretches through mid to upper management positions which yield about 75 to $100,000 per annum....
Picture your life in The Bahamas and it might involve an image of you on your shaded verandah, sipping an icy-cold cocktail, overlooking an empty beach and a twinkling ocean. Ultimate relaxation. But where were we... Ah yes, fitness. Because as much as it is most certainly that, The Bahamas is not only a place to kick back and let life's cares wash away. It also offers the chance to engage in a variety of...
Engel & Völkers is set to launch a new franchisee in Kansas City Monday, making it the fifth new franchise office in the past two months. The German-founded real estate company previously added brokerages in Huntsville, Alabama; Gilbert, Arizona; Billings, Montana; and Nashville, Tennessee. Anthony Hitt Anthony Hitt, the U.S. CEO of Engel & Völkers, believes that all the noise in the...
Paradise Island is rare in its inclusive offering of a full palate of things to do and restaurants to experience. It is of the most popular tourist hubs in New Providence, seemingly mastering the art of festivity and immense pleasure. Golf If golf is at the top of your list of do’s, you won’t be disappointed as Paradise Island’s One and Only Ocean Club Golfing experience is hands down the best in the...
Paradise Island, Bahamas is the most immaculate blend of lux island and city sway. There have never been more “yes” scenarios all in one space. Six hundred eighty-five acres of hotel, to-dos and living scenarios, so much so that there is absolutely no reason to leave with the exception of schooling which is 10 minutes into the mainland. Formerly known as Hog Island, Paradise Island is a nest for the...
Hurricane Dorian has left a path of destruction throughout the Bahamas, devastating the Abacos and Grand Bahama before making its way up the east coast of the United States. We are happy to confirm that our Engel & Völkers advisors who live on these islands are safe and accounted for, however, their communities are in ruins. While the recovery of these areas will take many years, in the...
Bahamas Real Estate, according to MLS stats*, continues to show steady growth with the average sales price up from $349,812 in 2018 to $470,979 for the 1 st half of 2019. The total sales volume is $99,847,548 which is slightly ahead of the 2018 total sales by about 5.7%. Total units sold has decreased and the median sales price has decreased from $310,000 to $270,000. Average days on the market for...
There are many indicators that make it all too obvious that you are in fact in the Bahamas, from our natural palms and coconut trees that overwhelm every pocket of our islands to the remarkable blue skies and seas we enjoy here that are sure to make you reach for your camera. All this, alongside a people that are genuinely full of glee and of a helpful and welcoming disposition. It’s a...
When family is you’re most prized asset and a world of safety and quiet is at the top of your list, The Sandyport Gated Community within Western New Providence; The Bahamas is a clean cut choice. A vivid, unobstructed visual of this Marina Village would employ impeccably manicured lawns and curbsides, brisk early morning and evening walkers as well as joggers in their to and fro accompanied by Dog...