A 20 to 30 percent increase in real estate values next year could easily be expected for property managers in the immediate vacinity of the Baha Mar development.
Real estate practitioner Glen Garnett, president of Landmark Realty Investments&Appraisal Services told Guardian Business in an interview yesterday that if the US economy continues to grow and the Baha Mar development continues as expected by around October next year there could be a great turn around in the local real estate market.
“You would want to live in a recreation facility, so long as it doesn’t make much noise when you want to sleep,”Ellis said.”If you could live around all those things that Baha Mar is going to supply, you would pay a premium to live there.”
Ellis is a Bahamas Real Estate Associaiton(BREA)licenced broker/appraiser with Certified Real Estate Appraiser(CREA)and Certififed Residential Specialist(CRS)designations. He has been practicing in The Bahamas since xxxxxxxx.
Stew call patti and get her thoughts on Baha Mar impact on real estate.