{"id":25688,"date":"2012-09-17T09:34:55","date_gmt":"2012-09-17T13:34:55","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=25688"},"modified":"2012-09-19T10:14:55","modified_gmt":"2012-09-19T14:14:55","slug":"private-islands-a-bad-investment","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2012\/09\/private-islands-a-bad-investment","title":{"rendered":"Private Islands A Bad Investment"},"content":{"rendered":"

Dr No wannabes are finding that medium-priced islets were no great investment after all.<\/p>\n

\"\"
Cave Cay, Bahamas<\/figcaption><\/figure>\n

Cave Cay in the Bahamas, complete with beach huts, airstrips and breathtaking views, is going for $110m.<\/p>\n

The market for private islands has never been so unsteady, says Farhad Vladi, a Hamburg-based island broker with more than 120 isles from 22 countries on his books.<\/p>\n

At the top end, the market is still firm. Luxury islands, which make up about a tenth of the market, have good access to food and water, few irksome bugs and a hospitable climate. Owners past and present include stars such as Johnny Depp, Celine Dion and Diana Ross. Demand for these islands is holding up, even in harsh economic times.<\/p>\n

Elsewhere the story is different.<\/p>\n

Many islanders have wearied of the upkeep. Owning an island requires a lot of commitment, says Frits Hannenberg, who manages small island resorts for absent owners. Installing and running a water supply is tricky and costly.<\/p>\n

Other uncertainties include building rules and environmental hassles: islands (except when owned by villains in adventure films) are still subject to somebody else’s laws and taxes. Nicolas Cage, a film star, found he could not add developments to his refuge in the Bahamas, because an endangered iguana lived there; he has since sold up.<\/p>\n","protected":false},"excerpt":{"rendered":"

The market for private islands has never been so unsteady, says an island broker with more than 120 isles from 22 countries on his books.<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[153,289,59,28],"class_list":["post-25688","post","type-post","status-publish","format-standard","hentry","category-business","tag-business-2","tag-investments","tag-islands","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/25688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=25688"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/25688\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=25688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=25688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=25688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}