Engel & VĂ¶lkers has expanded into The Bahamas, opening its third shop in the Caribbean, the company recently announced. Engel & VĂ¶lkers Bahamas, a result of a union with Bahamas Waterfront Properties, will provide services to buyers and sellers of properties in Nassau/Paradise Island, Abaco Cays, The Exumas and Eleuthera/Harbor Island. The shop will be led by license partner Colin Lightbourn.
“The Bahamas is a significant market of interest for international buyers and investors and one that will greatly benefit from the strong referral network Engel & VĂ¶lkers affords in the Americas and Europe specifically,” says Anthony Hitt, CEO of Engel & VĂ¶lkers North America. “Colin and his experienced team are ideal partners to strengthen Engel & VĂ¶lkers’ expansion in the Caribbean given their next-generation mindset and their intimate knowledge of the marketplace’s benefits and appeal, especially for high-end buyers.”
“The Bahamas are a prime destination for those looking for second-home destinations, but there is also a strong vacation rental industry on many islands, and more locals are starting to invest in that market,” says Lightbourn. “In addition to the pink sand beaches of Eleuthera and the crystal-clear waters of The Exuma Cays, property in The Bahamas is a viable investment opportunity for people from around the world, appealing for its regulatory policies, stable government and daily flights to and from the United States. As the market here continues to grow and evolve, partnering with Engel & VĂ¶lkers was a natural choice given its worldwide brand recognition and extensive global network.”
The shop’s opening also welcomes Abaco Cays Realty Ltd.
“The decision to join Colin and become part of Engel & VĂ¶lkers was an easy one,” says Chris Plummer, co-founder of Abaco Cays Realty. “My family has been involved in building The Bahamas real estate market for three generations, and our investment in Engel & VĂ¶lkers is an investment in the future of real estate here. Working as part of an internationally recognized network will bring maximum exposure to our listings to help us secure only the most qualified, quality leads, listing clients and buyers. It’s time to bring Bahamian realty into the 21st century, and Engel & VĂ¶lkers is the clear partner to do just that.”
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