The Bahamas open economic policy has attracted a wealth of investment from around the globe which has resulted in a very solid and growing real estate market. Bahamas real estate has attracted interest to investors as well as a place for those wanting to own private homes surrounded by the wonders of nature. Local realtors see no end in sight with regards to the increasing demand for Bahamas real estate.
About the Bahamas
Although the area may have been populated previously, the seafaring Taino people moved into the Southern Bahamas around the seventh century from Hispaniola and Cuba. These people came to be known as the Lucayans. There were an estimated forty thousand Lucayans at the time of Columbus' arrival.
Christopher Columbus's first landfall in the New World was on San Salvador Island, also known as Watling's Island, in the southern part of Bahamas. Here, Columbus made contact with the Lucayans and exchanged goods with them.
Learn more about The Bahamas >>
The Bahamas is very popular with the North American population due its proximity to the mainland USA and its long cultural and social, especially it appeals to the high rollers and jet-set who like to get away from mainland USA and Canada even for just a few days at a time. Real estate in the Bahamas can be expensive which is in the main due to it being known for a rich persons playground in the backyard of the worlds #1 economy.