Nassau rental market saturated by displaced Dorian victims

Nassau rental market saturated by displaced Dorian victims

NASSAU, BAHAMAS – The Bahamas Real Estate Association’s (BREA) president yesterday lamented there was ‘only so much we can do’ as the organization seeks to aid displaced by Hurricane Dorian in securing affordable housing on New Providence.

Christine Wallace-Whitfield acknowledged that with likely thousands of persons on Grand Bahama and Abaco having been displaced as a result of Hurricane Dorian, affordable rental inventory on New Providence is virtually non-existent at this point.

“We have been hearing this and unfortunately there is only so much we can do. We, BREA, have reached out to the public and to our customers and clients and asked if anyone have units or any places  for rent or anything they know of that may be suitable to rent.”

She continued: “The market is saturated right now however we are suggesting that persons or families that have big property rental homes advise BREA or their local licensed real estate broker of anything available and perhaps allow multiple families or persons to share a home or a large rental space to help each other out.”

On September 1st, Hurricane Dorian made landfall over Abaco as a Category 5 hurricane with sustained wind speeds of 185 miles per hour. Hurricane Dorian battered parts of Grand Bahama and Abaco for three days, leaving thousands displaced and at least 61 dead.

Of that number, officers recovered 52 people from Abaco, of which 35 have been identified and nine people in Grand Bahama, of which all have been identified.