COVID-19 stokes demand for luxury Bahamas Real Estate
Since COVID-19 took hold in early 2020, there has been a huge increase in demand for real estate in vacation hotspots around the world – including Homes in The Bahamas.
The Bahamas luxury real estate market is booming, says the Bahamas Real Estate Association and is now outperforming pre-pandemic levels.
Engel & Völkers Bahamas seeing strong demand from buyers around the world for luxury single-family homes in prime positions that provide space, security and room to work and play.
The COVID-19 pandemic has vastly affected many aspects of our lives. Things that we took for granted before are now becoming precious commodities. At the top of the list are safety and security – a place to escape and peace of mind. The demand for a comfortable, secure Single Family Home in which the whole family can enjoy the sought-after Bahamas lifestyle has led to a frenzy of buying for a desirable, safe and stylish space.
Space is now also vitally important, as working from home has become part of our daily lifestyle. Large Single Family Homes with enough room for a home office or two, as well as the usual living, dining and entertainment areas are top of the wanted list of Bahamas real estate buyers. Being able to work in a comfortable environment within your home where you can properly focus on your job, is incredibly important.
Most buyers of luxury Single Family Homes are cash buyers. But for those who require financing, the fact that mortgage rates have been at a low for some time, is a big help.
Here are three spectacular, spacious and secure Single Family Homes to consider buying in New Providence-
Solomon’s Lighthouse, Eastern Road
If you are looking for a unique, secure and spacious family home, with spectacular ocean views and a waterfront outlook like no other, look no further! This property is set on the ocean and is made up of two waterfront lots. In total it has six bedrooms and four bathrooms, consisting of the main house and a unique lighthouse. The main home is set across two levels, with ocean views from expansive windows in each room. It includes a home study/office. The lighthouse is connected to the main home by a stone bridge and itself has two bedrooms, two bathrooms and five stories. It would be an ideal vacation rental property. Outside is a 90feet. horizon pool, an Italian Travertine tiled terrace, a wooden deck with direct access to the ocean, and a beautiful terraced planted garden. This home is priced at US$2,900,000.
Listing Agent is Silvina Andrews
Broker at Engel & Völkers Bahamas