Residential mortgages up in first three quarters of?2019

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GBPA showcases investor-ready commercial and residential properties

NASSAU, BAHAMAS — Executives of the Grand Bahama Port Authority are heralding a 'renaissance' in the island's economy, with a pipeline of projects worth $2 billion. During the opening of their Nassau satellite office, they showcased several 'investor-ready' commercial and residential properties. Derek Newbold, Chief Investment Officer for the GBPA, highlighted the progress made since [...]

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HG Christie Tapped by Weller Development Partners to Lead Brokerage of First-of-Its-Kind Luxury Residential Development in Grand Bahama

HG Christie, a Bahamas-based full-service real estate company, announced today their partnership with leading real estate developer, Weller Development Partners, to handle the branded residential sales for Weller’s $250M+ Six Senses Residences Grand Bahama Development.

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$250 million Six Senses development on Grand Bahama to launch residential sales in Q1

NASSAU, BAHAMAS — Residential sales for the $250 million Six Senses Residences Grand Bahama development are scheduled to commence in the first quarter of this year.  On Monday, Weller Development Partners, a DC-based full-service development firm, announced its strategic partnership with HG Christie and Bespoke Real Estate to handle the offerings. The Six Senses Grand [...]

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Four Seasons to expand residential portfolio to The Bahamas

NASSAU, BAHAMAS — Luxury hospitality company Four Seasons, along with the US-based real estate development firm Two Roads Development and Access Real Estate, have unveiled plans for The Ocean Club, Four Seasons Residences in the Bahamas. Scheduled to open its doors in 2027, this residential community will comprise 67 turnkey Private Residences managed by Four [...]

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Central Bank relaxes lending rules for residential mortgages

NASSAU, BAHAMAS — The Central Bank has announced that it is relaxing the lending rules for residential mortgages provided by domestic banks and credit unions by revising the minimum equity injection requirement, a move expected to alleviate the financial burden for qualified borrowers and allow some additional individuals to qualify for credit. The Central Bank [...]

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Residential Care Facilities/Grants - PM's Budget Debate Contribution

GRANTS TO CHARITABLE ORGANIZATIONS
Abilities Unlimited 25,000.00
Bah. Alliance for the Blind & Visually Impaired (NP) 7,500.00

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New Bill to reduce number of 'pop-up' businesses in residential areas

The proposed Business Licence Act, 2010 should bring "a greater degree of organisation" to the Bahamian residential zoning landscape by restricting the number of pop-up businesses in residential areas, Member of Parliament for Killarney, Dr. the Honourable Hubert A. Minnis said.

Dr. Minnis said by doing so, the Bill will ensure that property values
will not be diminished as a result of the noi...

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VAT removed from residential property insurance

After a call from the insurance sector for government to remove value-added tax (VAT) from residential property insurance, Deputy Prime Minister and Minister of Finance Peter Turnquest revealed yesterday in the government's 2018/2019 budget that it has not only complied with the request from the insurance [...]
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Approved residential mortgages continue to decline

Residential mortgage commitments decreased 16 percent from 295 during the final quarter of 2017, to 254 during the first quarter of 2018, according to The Central Bank of The Bahamas Quarterly Statistical Digest for May 2018. Loans for new construction increased a hairline from 95 [...]
The post Approved residential mortgages continue to decline appeared first on The Nassau Guardian.

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