Uptick in second home inquiries could signal strong year for real estate, says BREA president

Uptick in second home inquiries could signal strong year for real estate, says BREA president
Bahamas Real Estate Association (BREA) President Christine Wallace-Whitfield. (PHOTO: BAHAMAS HEADSHOTS © 2018 LYNDAH WELLS)

NASSAU, BAHAMAS — With an “encouraging” uptick in inquiries in the second home/vacation home market towards the end of last year, Bahamas Real Estate Association (BREA) President Christine Wallace-Whitfield said 2021 appears to be trending in the right direction for the Bahamian real estate market.

Wallace-Whitfield told Eyewitness News: “It seems as though a lot of foreigners were coming and looking for that getaway home, that second home or vacation home towards the end of last year. There were really a lot of inquiries coming in. It seems like a lot of agents were out there showing properties and that’s a good sign. That was very encouraging and certainly a great way to end the year.”

Wallace-Whitfield noted that with the onset of the global COVID-19 pandemic having marred 2020, she was hopeful that the positive trends late last year would signal good news for the market this year.

She added: “There were also a lot of Out Island inquiries as well, particularly between Eleuthera and Exuma for sure. People definitely appear to be interested in purchasing a second home or that home away from home. There is a lot of activity. People are definitely starting to come back and that could only mean that 2021 is off to a good start.”

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