21.12.2012 - Sea changes in the Caribbean
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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