More rental generation on the way for BPL

Bahamas Power and Light (BPL) Director of Public Relations Quincy Parker yesterday said an additional five megawatts of rental generation is due on New Providence next month to replace the units that were sent to Bimini...

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Broker Mario Carey: Distressed properties rental assistance program idea gaining momentum, ‘Golden opportunity’ for entrepreneurs, jobs and boost to economy

A little more than a week after real estate broker Mario Carey introduced the idea of using foreclosed properties to meet housing needs for displaced families in the wake of monstrous Category 5 Hurricane Dorian, Carey reported the concept has gained ‘incredible momentum.’..

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Data shows demand increasing for short-term vacation rentals

Hotel comparable vacation home rentals are catching up to traditional hotel models, with occupancy during the second quarter of the year averaging 50 percent, compared to the average of 75 percent occupancy at major hotel properties on New Providence and Paradise Island. Data from the [...]
The post Data shows demand increasing for short-term vacation rentals appeared first on The Nassau Guardian.

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Report: Top vacation home rental performers in South Abaco, Harbour Island

The top vacation home rental performers can be found in South Abaco and Harbour Island with an annual income – in the case of Abaco – of $300,000 and average daily rate (ADR) of $2,500, according to Engel and Volkers Bahamas’ 2019 vacation rental report.

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GG's rental expenses 'money we must spend'

DEPUTY Prime Minister Peter Turnquest yesterday stressed the importance of “comfort and security” in the wake of reports the government will spend $9,000 a month to rent a home for new Governor General CA Smith...

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Rental delays force continued load shedding

BAHAMAS Power and Light's generation challenges are continuing and have been exacerbated by the delay of some rental generators. Load shedding was continued in portions of eastern New Providence yesterday, with many residents lashing out...

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Vacation home rental market continuing positive trend

The upward trend in visitor arrivals to The Bahamas continued in May, according to the Central Bank of The Bahamas' (CBOB) Monthly Economic and Financial Developments (MEFD) report for May, adding that the growing short-term vacation home rental market continued its positive trend. According to [...]

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D'Aguilar blasts Hanna Martin for her defence of 2017 Western Air rental agreement

TOURISM and Aviation Minister Dionisio D'Aguilar yesterday blasted Englerston MP Glenys Hanna Martin for her defence of rental agreement she signed with Western Air back in 2017...

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22 Year Old UB Student obtains funding for Electric Rental Car Company

· Two Major Financial Institutions vie for SBDC client to take a business loan from their commercial bank.
· Access Accelerator Small Business Development Centre makes good on the promise to get clients funding.
· Deputy Prime Minister reinforces his commitment to creating more Bahamian millionaires.
· Executive Director Davinia Blair says SBDC clients have been appr...

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'Off-resort' accommodation rentals up 18.7 percent

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UB student obtains funding for electric rental car company

The Access Accelerator Small Business Development Centre (SBDC) has successfully assisted Drive Green Rentals in receiving two offers for access to capital from local banks, in addition to grant and equity funding, for a total capital structure of $200,000. The electric car rental company joined [...]
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Will Vacation Rentals Surpass Hotel Bookings?

A just released Engel & Völkers data report giving the latest information on The Bahamas’ vacation rental market, also references a respected industry source that predicts by 2020 it will surpass the traditional hotel booking business...

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Report outlines significant growth in Bahamas' vacation rental market

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Ministry of Finance looking at?taxation method for vacation home rentals

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Canadian tourists hurt in rental motorbike crash

POLICE are investigating an accident that left two tourists with non life-threatening injuries yesterday evening.

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PM: Rental of Town Centre Mall a 'gift' to govt

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Central Bank: Vacation home rentals to be given 'heightened' attention

The Central Bank of The Bahamas (CBOB) said in its June Monthly Economic and Financial Developments (MEFD) report that "heightened attention" will be given to vacation home rentals in order to ensure those offerings are of a quality fitting for the tourism market. The report [...]
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Hotel union boss says increased vacation home rentals bad for hotels

Although he is happy there has been an uptick in stopover visitors to The Bahamas this year, President of the Bahamas Hotel Catering and Allied Workers Union (BHCAWU) Darrin Woods said he's concerned about the increase in tourists choosing vacation homes over hotels and resorts. [...]
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Developer sees 20 rise in rental prices

By ALISON LOWE

Business Reporter

alowe@tribunemedia.net

A major Exuma developer has seen a 20 per cent increase in property rental prices and a "good year" for sales, crediting the re-opening by Sandals of "anchor tenant", the Emerald Bay property, for improving business conditions.

Randy Hart, managing director of February Point - a high-end boutique resort community in Great Exuma - said he ...

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Bahamas Realty, Paradise Sales Rentals Join Forces

Nassau, Bahamas - Two of The Bahamas' most
established real estate firms, Bahamas Realty and Paradise Sales & Rentals,
announced today they are joining forces effective November 1.

"We are literally and
figuratively marrying the two companies," said Robin Brownrigg, a director
and president of Bahamas Realty. Brownrigg's wife, Andrea, founded Paradise
Sales & Rentals in 1992 and will now join her...

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