NASSAU, BAHAMAS—Eleuthera is on the “precipice of a renaissance,” a Cabinet minister stated yesterday, noting that the island has seen a drastic uptick in property sales and the development of a second-home market.
Works and Family Island Affairs Minister Clay Sweeting, the Central and South Eleuthera MP, while addressing the Eleuthera Business Outlook, stated: “In the absence of empirical data, those of us that live here and frequent here have seen the drastic uptick in property sales and the development of a second home market with the largest residential inventory of Airbnb’s, VBRO’s, and other platforms promoting rental properties. What makes Eleuthera attractive is the large amount of arable land that is virtually untouched with access to some of the most amazing beaches in the Caribbean.”
Sweeting noted that Eleuthera’s investment climate is strong, and properties are available and affordable for those contemplating making Eleuthera their home.
Sweeting said that outside of foreign investment, Eleuthera has benefited from the many residents who have returned to invest in the island. “Local investor confidence has increased drastically, and we now have businesses and services ahead of foreign investments that make Eleuthera even more attractive,” said Sweeting.
“Eleuthera is on the precipice of a renaissance. A rising from the ashes, a reinvigoration, a new birth, the government is open to partnerships, investment, and sustainability as we reimagine the future of Eleuthera.”
Conference attendee Heather Carey, however, noted that Eleuthera has a housing crisis, with a lack of available accommodations for persons looking to work on the island amid the vacation rental boom.
“We talk about growth, but what about accommodations, and not just low-income but for mid-managers and managers at the senior level.”
She warned that the island’s growth opportunities could be stymied if there is nowhere for people to live.
