(Realtor.com) – Buying a home on an exotic island is just about as close to paradise as we can get in this life. White sand beaches, azure coves, and temperatures that don’t dare dip below 70 await the U.S. buyer on islands throughout the world.

What your U.S. dollars can get: $229,740 will get you an 875-square-foot, two-bedroom, two-bathroom waterfront condo overlooking Brigantine Bay in Treasure Cay, Abaco.

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This is an excerpt from Realtor.com as it appeared on May 11, 2016. For updates or to read the current version of this post in its entirety, please click here.

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NASSAU, Bahamas, May 9, 2016 /PRNewswire/ — BMD Holdings Ltd., the developer of Baha Mar, today reported it has sent the following letter to China Exim Bank and Deloitte, the bank’s receiver for Baha Mar, asserting it would keep its offer for Baha Mar open for now but will not participate in Deloitte’s sale process. The BMD offer would enable Baha Mar to be opened as soon as possible; payment to be made to unsecured creditors; and China Exim Bank to not have to incur a discount.

The full text of the letter follows:

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The government of The Bahamas, in partnership with the Inter-American Development Bank (IDB), recently launched the Emerging and Sustainable Cities Initiative (ESCI) for Nassau.

As a core component of the ESCI Nassau Programme, the government and the IDB have informed the public that teams from Factfinders Market Research will be conducting household surveys in communities throughout New Providence May 2-21, 2016.

Enumerators will be clearly identified with official company identification.

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Prime Minister Perry Christie said yesterday that an Memorandum Of Understanding (MOU) signed with private sector stakeholders in Grand Bahama is a key step in restoring Freeport as an “important engine for growth and prosperity in The Bahamas.”

“Freeport is a globally strategic asset, with tremendous infrastructure and geographic significance that can support growth for years to come,” Prime Minister Christie said. “With the right focus and a refreshed partnership with key private sector players, we can and will make Freeport into a vibrant integrated logistics hub, second to none in the region.”

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Here follows a May 9, 2016 communication by Prime Minister Perry Christie on the review of expiring concessions contained in the Hawksbill Creek Grand Bahama (Deep Water Harbour And Industrial Area) extension of Tax Exemption Act, 1993:

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British-based Thorn Medical Plc has acquired Grand Bahama’s Okyanos stem cell facility, and says plans to expand the clinic’s services will make it one of the world’s leading centres – attracting investment and boosting The Bahamas’ medical tourism industry.

Thorn Medical, which bought a controlling interest in Okyanos Cell Therapy in April, recently obtained an unlimited license from the government of The Bahamas for both stem cell research and treatment. The company is currently preparing a stock market listing in London and will then apply for a dual listing on NASDAQ to raise further funds to invest in its stem cell operations in The Bahamas.

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The National Accounts Section of the Department of Statistics has announced that the 2015 GDP in current prices had a positive growth of 2.74 per cent, however the GDP in constant prices decreased by 1.66 per cent.

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Leading cruise lines continue to bring thousands of tourists to the port of Nassau everyday. Watch a ZNS Network news report here.
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The Atlantis Paradise Island resort is making it easier for guests to plan their vacation experience with the launch of a new mobile app.

The Atlantis mobile app has undergone significant upgrades, designed to provide guests with the ability to interact with and navigate their booking details and activity reservations.

While Atlantis’ new tool is available to all guests through the app store and is designed to provide relevant information throughout the pre-planning and on-property stages of their trip.

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During his opening speech at the recent UK Caribbean Forum in Grand Bahama, Prime Minister Perry Christie said that jurisdiction’s financial services sector was fully compliant.
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