November 23, 2022
RYAN KNOWLES
Stories this photo appears in:
Buyers for FTX’s $256m real estate target 30% discounts
Deal-hunters seeking discounts of up to 30 percent are circling FTX’s $256m Bahamian real estate holdings as local liquidators move to secure realtors who will market 34 properties for sale.
Crime fears collapse $18m PI home sale
An $18m home sale in Paradise Island’s Ocean Club Estates collapsed yesterday after the buyer was spooked by The Bahamas’ crime woes, with a realtor warning: “We’re going to pay for that.”
Strong start on market for Windsor Lakes project
A Western New Providence gated development pegged at $50m has reserved one third of its lots in its first month on the market, with marketing expected to ramp up in the next month.
‘Cooling off’: High-end real estate sales drop 20-25%
A Bahamian realtor yesterday disclosed that high-end sales volumes “cooled” by 20-25 percent during the 2023 first quarter following a “record-shattering” year for single-family home prices on several islands.
FTX SPENT $300M ON PROPERTY BUYS: Court documents reveal valuation of real estate spree
A Bahamian realtor yesterday estimated that the collapsed FTX crypto currency exchange spent $250m and “probably more” on acquiring New Providence real estate, adding: “It was great while it lasted.”
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