Destination Eleuthera...
Let me begin by saying that I hope and
trust that each and every one of you had a joyous and safe
holiday season, celebrated
in your
own
special
way.
Well, more than in any starts of the last
three years, January has started off with a bang!
As predicted the real estate
markets around
The Bahamas have been taking off, and all H.G. Christie’s
offices have been extremely busy. For the first few weeks
this year we have been taking contracts on millions of dollars
of real estate.
Of particular interest and the island to
watch in the Bahamas Real Estate market this year is Eleuthera.
We believe that
the reason for this is that over the past 10 years, Eleuthera
had
some hard
breaks with investors who did not pan out on larger developments.
Because of this, in my opinion, the market for Eleuthera
properties has been kept artificially low, while other islands
like Exuma
- with
developments
like
the Four Seasons coming on stream - have seen real
estate values double - in some cases triple - over the past
five
years. During the same period, real estate values
on Eleuthera have been fairly steady with a slow rise, but
nothing
dramatic.
Investors and vacation buyers have noticed the value in
an Eleuthera property. Brisk sales are presently taking place
all across the board. The inventory of prime lots has rapidly
dwindled, creating anticipation that there will be a solid
appreciation of values in Eleuthera this year.
Another factor
in the
anticipated rise in Eleuthera's property values is the
re-development of The Club Med site. It will return to
its former
glory days of French Leave, soon to be a
super upscale boutique
hotel with some stunning beach front villas for sale that
can also be used in the rental pool. As a place to live,
French Leave is one of the best in the Bahamas. For
more information on
purchasing,
please
contact me at John@HGChristie.com.
For the distinctive purchaser wishing
the ultimate in privacy, we
now have two new islands on the market. Bottle
Cay, (HGChristie
Listing 5217) one of the most beautiful islands
in The Bahamas, is truly a standout. Lobster Cay (HGChristie
Listing 3439), just
recently sold, is now back on the market.
Other islands that have been extremely
busy this January are Abaco, Exuma and New Providence, not
to mention a steady
stream of interest in Cat Island and some great sales in
Grand Bahama.
And here at HGChristie, we too are preparing
for the surge forward. Our offices and quality staff are
growing
at an
unprecedented
rate. I
would
also like
to welcome
Christine
Wallace-Whitfield to
the ranks
of experienced
brokers
on
our sales
force. Christine will be working in our Grand Bahama office
for a month or so, then will be moving to our Exuma office.
And that is January, but stay tuned. There
is more news throughout this newsletter, and in the upcoming
year. Meanwhile,
the weather is great, cool and sunny and an opportune time
to invest
in The
Bahamas. With the upswing in the US economy,
more
and
more
Americans, among others from the world over, discover
the investment potential - and the delight - of owning property
in The Bahamas.
Best regards,
John Christie, VP
H.G. Christie, Ltd.
john@HGChristie.com
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