The substantial surge in the desire for open-zone and multifamily properties in the local real estate market reflects the growing popularity of The Bahamas as a prime destination for real estate investments, according to advisors at BE Luxury Collection.
BE Luxury Collection, a Bahamian-founded group with global recognition, is home to industry experts in travel, lifestyle and their most prominent portfolio, real estate. The premier group is undoubtedly one of the most trusted brands of the Caribbean with a wealth of knowledge in area intelligence and client relationship with a passion for precision and exploration. As a trusted advisor to high-net-worth individuals, the group has a deep understanding of the evolving market trends and seeks to provide unparalleled service and expertise to its clientele.
BE Luxury Collection’s Founder Shamon Campbell said that while there has always been interest in these types of properties, over the last 12 months, it is almost a guarantee that a well-priced multi-family lot will sell.
“In general, open zone properties, which allow for more flexible land use and development options, are quite attractive to investors and developers looking for opportunities to create unique and profitable projects,” said Campbell. “The ability to design and develop properties based on specific market needs and buyer preference are significant draws.”