NASSAU, BAHAMAS — Bahamas Real Estate Association (BREA) President Carla Sweeting notes that the rise in short-term rentals, particularly in New Providence, is pushing up rent prices for long-term rentals and making them harder for residents to secure.
While she acknowledges that short-term rentals are beneficial for the economy and allow property owners to generate significant revenue quickly, they also reduce the availability of long-term rental options, creating a notable gap.
Sweeting plans to discuss potential solutions with the government.
