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| The idyllic Exuma chain has become the hot new place to invest and live. The Bahamas Investor February 2007 The Bahamas' Exuma chain is the hot spot for high end investors.
Wired up In the Bahamas - The latest technology links the Bahamas and
its remote islands to the world. “Having all this technology allows
people who are visiting on business or pleasure to remain connected
to their companies or home, not only through voice but also through
data”, says Leon Williams, BTC's (Bahamas Telecommunications
Company) President and Chief Executive Officer. |
In a bid to feed the growing appetite for second homes among U.S.
residents, a number of major developers are building luxury projects
on far-flung Caribbean islands. Americans have been buying vacation or retirement places for years on well-known Caribbean islands like St. Thomas, Barbados and St. Croix. But the latest wave of building involves real estate that doesn't register on most people's radar - islands with names like Great Exuma, Roatan and Scrub - and is geared toward everyone from small- time investors looking for a bargain to wealthy executives seeking a tax haven. Wall Street Journal March 2007
The Ocean Club is part of the Atlantis complex created by Kerzner
International. Lots at the Ocean Club, with a marina and a golf
course designed by Tom Weiskopf, doubled in price in the first four
years and doubled again in the last two years, said Robin Brownrigg,
an appraiser and president of Bahamas Realty. A $1.3-million lot now
could sell for $3 million to $5 million, he estimated. |
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