Today is Wednesday, and having discussed the economic situation with several of my peers today, there is nobody that can disagree with the fact that it is slow on all fronts of business at this time. Generally this is to be expected at this time of year regardless of the situation with the global economy and especially our neighbors to the North, the U.S. and Canada. Therefore it is difficult to say whether current markets are having a direct effect on our market at the moment.

The upside of the situation in the U.S. for us here in Eleuthera is that we are seeing the prices of property begin to deflate somewhat, not drastically by far. This bodes well in the sense that Eleuthera has been a favored real estate investment destination for the past several years both for Bahamians and foreign investors, and there are no signs of that changing in the foreseeable future, and the buyers for the most-part are continuously active, they are buying at good prices.

Now, the point that I would like to highlight is the fact that the properties on the market that were properly priced before this "financial disaster"in the U.S. are still priced right. The properties that were overpriced beforehand, are finally seeing the light that is shining on a sign with the letters SOLD on it, and in order to get there, there hands are being forced and the prices are "coming back down to earth". This is good for both buyer and seller in the sense that more buyers will look at a property than previously was overpriced and is now at a relative market value than before, and this increases the chances of securing a sale. Are you ready to compete to get you property sold?

All in all, there are some great opportunities for investment in Eleuthera, and I invite you to learn more by contacting me to schedule an appointment to explore the ways that Eleuthera can become your Island of Freedom too!


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