Bahamas Resorts Ranked For Retirement

A retirement research team has ranked Exuma's February Point Resort Estates as the best retirement community in The Bahamas - something hotel executives are not that surprised over given the recent 100 percent jump in sales activity.

It's a boost that came even before the website - an independent authority on where to retire - rated at least 10 communities in the country. General Manager Matthew Marco said the ranking and the sales both came as a result of the property's position as a mature and established community in The Bahamas.

"We are an exception to the whole Bahamas," he told Guardian Business. "A lot of projects have stalled, but we have a sustainable group of home owners that are active on the island.

"And in the last three months we had the largest sales transaction in the history of the project, in the $3.5 to $4 million plus range."

They are sales that represent a 100 boost from the same year-ago period and a 20 percent increase from the pre-recession years, said Marco. Rentals at the resort have even bucked trends, he added, with 25 to 30 percent boost in that category noted in the last four months.

"In the last few months we felt we were over the hump and what's happened to us is there are a lot of people interested in buying in the Bahamas and renting," Marco added. "There weren't as many options a few years ago [and] we believe we are in a good position to take advantage of the economic turnaround.

According to the report, February Point Resort Estates took the number one spot, followed by Shoreline Grand Bahama Island, Old Bahama Bay, Valentines Resort and Marina, Chub Cay, Romora Bay Club and Resort, Blue Marlin Cove Anglers Club, Ocean Club Residences and Marina, Fortune Cay and Discovery Bay. The criteria for these ranks reviewed each community's residential options, visual appeal, recreational activities, social networking, and safety/security.

They represent properties throughout the islands of The Bahamas.

Source: The Nassau Guardian