Bahamian real estate may have seen a significant drop off in value in 2010, but leading real estate practitioners think markets have stabilized and are expressing cautious optimism about next year.
Several realtors said that the results this year were better than they had anticipated and attribute a lot of this year’s volume to sellers who were willing to come down on price from previous expectations. Some realtors believe this year saw a correction in market prices which more fairly reflects their value, but all those interviewed concur that this year was a lesson in classic supply and demand forces.
“There’s a whole lot of (properties) on the market, and people who are ...

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