WHAT-TO-DO - FREEPORT/LUCAYA & GRAND BAHAMA ISLAND - JAN 2008
A place in Grand Bahama Own a piece of paradise WHAT-TO-DO - FREEPORT/LUCAYA & GRAND BAHAMA ISLAND - JAN 2008
Although not yet fully back on its feet after two hurricanes struck three years ago, there are many buying opportunities in Grand Bahama, according to a prominent real estate firm.
At the official opening of International Distributors of Grand Bahama Limited in Freeport, Prime Minister Hubert Ingraham pledged the newly-elected government?s full support in facilitating the island?s economic recovery.
As in New Providence and many of the Out Islands, a growing number of the visitors who come in search of sun, sea and sand are discovering that The Bahamas is an excellent spot to buy a second home and invest in property.
Although, in a geographical context, the entire Bahamas is not within the tropics, (the Tropic of Cancer actually runs through the city of George Town, Exuma) winter temperatures seldom fall below 60˚F thanks partly to the warming effect of the Gulf Stream.
Although originally developed as an industrial city, Freeport and the rest of Grand Bahama has also become a venue for millions of tourists and investors.
H G Christie Ltd lists commercial property and office space, townhouses, apartment buildings, duplexes, houses and condominiums, waterfront locations and vacant land.
At the high-end, for just under $6 million, there?s a four-bedroom, 10,000-square-foot house on three acres of waterfront property. Another six-bedroom house with a waterfront view is offered for $5.4 million.
If you prefer a community dwelling, developer Bobby Ginn?s $4.9 billion Ginn sur Mer mixed-use resort at the western end of Grand Bahama will have something for everyone?homes, condos, hotel rooms and timeshares. Ginn sur Mer will feature amenities including: a Monte Carlo-style casino, nearly 12 miles of beaches, a private airport, a grand canal and golf courses designed by yesteryear?s superstars, Jack Nicklaus and Arnold Palmer.
In short, you don?t have to be a Bahamian to own your own home in The Bahamas. Property is held in freehold, not leased, which means it is yours to use, sell or assign in your will without restriction.
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