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worth buying real estate on Grand Bahama?

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Christian778
6/23/2019 14:18 EST

We're looking at buying a Condo in Harbour House.. It's a few minutes from Port Lucaya and Lucaya Beach... So the spot is nice.. and the view is great from the 7'th floor overlooking Bell Channel and Port Lucaya and the Ocean beyond....

We would only be buying it as an investment property... and probably just getting a long term renter in there for now...

We're guessing property values are going to go up soon a lot after the Royal Caribbean cruise line deal... supposedly an extra 2 million visitors will be brought in yearly by Royal Caribbean after revamping the Port and Lucaya Hotel area....

Anyone know the complex and area ??? Any THOUGHTS? =D

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Icexquisite
3/3/2020 11:00 EST

I'm curious if you did end up purchasing a condo in Harbour House? My husband and I have been considering purchasing a condo there as well. Or further down the beach. We plan to use it for our retirement, 6-8 months a year. I'm actually a bit concerned about the RCI deal and the future development of the Grand Lucayan into a theme park. We want to enjoy peace and the natural beauty of the island and I don't think we will have that with the new development.

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Bahamasbroker
4/12/2020 06:04 EST

Hi

I am a realtor here on Freeport, Gb.
Although the virus is affecting us all right now, in my opinion, when we are back to some normality the cruise company has said they are still committed to the island and thus would be a good time to buy.

Harbour House and other properties will benefit as there isn't expected a barrage of persons on island but a bit of an uptick. We have a number of great beaches here, whereby both tourists and locals can enjoy.

Let me know if this helps or of other inquiries.

Tony Porter

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