Bahamas Real Estate Brokerage Firm, Engel & Völkers just released their 5-year market report, which shows positive growth signs for a number of areas in the local real estate market.  The report extracted and analyzed over 1,800 residential sales on the Bahamas Multiple Listing Service (MLS), the real estate industry’s central database for property listings and sales.  The report analyzes sales price, property sizes, days on the market (time it takes to sell), average price per square foot, number of bedrooms and the sales price to listing price ratios. Jump straight to the report > Some key metrics of the report show an overall 48% increase in Bahamas residential unit sales and a 47% increase in the Nassau/Paradise Island single family sales price over the 5-year period.  Elbow Cay and Treasure Cay in the Abaco Cays was the market hotspot with a 110% increase in residential sales over the same period of time.  The report also analyzed the Cable Beach versus Paradise Island long-term rental yield, which showed Cable Beach outperforming Paradise Island over the past 3 years by an average of 1.9%.  Engel & Völkers broker, Colin Lightbourn says, “The higher return for Cable Beach is based primarily on … Continue reading Engel & Völkers Releases 2018 Residential Real Estate Market Report