Source: Date: Updated: |
TheBahamasInvestor.com
Friday, November 11, 2011 Friday, November 11, 2011 |
The Caribbean second-home market is slowly beginning to pick up, according to international experts.
Admitting that there is not much in the way of data to support this argument, Lorne Bassel, president and chief executive officer of Crave Real Estate/Lubert Adler–a development, investment and consulting company–says anecdotal evidence would bear him out.
“Inventory is being bought up in the primary resorts and the inventory that has been replacing that is starting to disappear, so that’s a good thing,” he said. “Anecdotally, we are starting to see smaller projects come back.”