Powell Cay Private Island
In the wake of COVID-19, there has been a spike in demand for private islands in the Carribean.
The Bahamas real estate market has seen a massive surge in sales. In the first quarter of 2021, nearly $400 million worth of property was sold or went under contract.
International travelers and buyers sought warmer places to reside to escape high COVID-19 numbers before lockdowns. As vaccine rollouts continue and restrictions lift, people are still seeking to relocate or vacation in more tropical places.
Now that The Bahamas is open and welcoming guests, the country is racking up revenue from international buyers.