One week after Kerryann Pearce settled in to her new post as an estate agent at Island Living Real Estate headquartered on East Bay Street, she popped up with an idea likely to stir strong opinions for and against, but one she believes will give one of Nassau’s most established districts, Eastern Road, the shot in the arm it deserves and the market it needs.
Topic: real estate
The sale of a $7 million Ocean Club Estates residence less than two weeks after it hit the market is one indicator that the luxury home market is beginning to rebound, according to the principals of a local real estate firm.
On July 15, 2014, the Bahamas Real Estate Association (BREA) published a list of real estate agents and brokers in its Gazette, naming persons who were no longer licensed to practice in the Bahamas.
Scores of executives and professionals were on hand for the official launch of Sterling Bahamas Realty Limited (SBR) Thursday at a posh $6.5 million Ocean Club Estates residence that’s fresh on the market and listed exclusively by the young firm.
A newly opened firm has set its sights on becoming a major player in the real estate market.
The injection of capital in the form of foreign direct investment, in the way we have welcomed it, may serve well as a last resort to boost economic activity, but as a long-term growth model it is worrisome.
The hiring of part-time realtors “should not be the norm”, says the newly elected president of The Bahamas Real Estate Association, suggesting the court ruling that paved the way for this practice had been misinterpreted.
Bahamas Realty recently received a Member Achievement Award from Leading Real Estate Companies of the World® (LeadingRE), a global network of more than 500 top real estate firms.
“The country has already lost significantly in Bimini, one of the most delicate and valuable ecosystems in the world,” said a local environmental advocate.