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Sea changes in the Caribbean

Posted on 21 December 2012

Navigating the ups and downs of the island market, where slashed prices and a vast stock of empty luxury condos are attracting vacation-home buyers looking for deals. On a warm December evening on the Bahamian island of Great Exuma, vacationers mingled at a dinner party in a 5,400-square-foot, four-bedroom penthouse suite overlooking the ocean.
A chef cooked lamb and sautéed vegetables as Peter Nicholson, the condominium development’s primary investor, gave a tour of the sprawling apartment—which is on the market for $2.99 million………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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