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Receives Weekly Updates on every new home and condo listing in Thew Bahamas. All New Listings every week. |
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GRAND BAHAMA / FREEPORT |
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| Island Facts & General Information |
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Grand Bahama, The second-most-popular tourist destination in The Bahamas, Grand Bahama lies just 81km (50 miles) and less than 30 minutes by air off the Florida coast. The island is the northernmost and fourth-largest landmass in The Bahamas (118km/73 miles long and 6.5-13km/4-8 miles wide). The Gulf Stream's ever-warm waters lap its western tip, and the Little Bahama Bank protects it from the northeast. With a maximum elevation of 50 ft (15 meters), Grand Bahama does not have the visual impact of many of the world's great volcanic |
islands. Grand Bahama had rather a more peaceful genesis, part of a limestone platform thousands of feet thick. Thanks to the tourist development schemes of U.S. financiers such as Howard Hughes, Grand Bahama boasts one of the most industrialized economies and one of the best-developed tourist infrastructures of any island in The Bahamas. Recent improvements in Port Lucaya and massive redevelopment on the island's West End have brought a smile back to its face |
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Grand Bahama / Freeport Real Estate News
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| September 11, 2008 |
Grand Bahama residents weigh on economy
Grand Bahama residents have for months been complaining about the rising cost of living, including exorbitant food and gas prices and high utility bills.While the economy continues to lag, residents appear hopeful that proposed capital investments like Ross University in 2009 and the reopening of the Royal Oasis Hotel will come to fruition. |
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| February 4, 2008 |
$4.9 billion Gin Sur Mer project is gathering Momentum
The $4.9 billion Gin Sur Mer project at West End is gaining "momentum" and has recorded its highest ever sales in January despite the downturn in the US and UK real estate markets, according to investor Bobby Ginn."We took about 28 contracts on lots and that is the highest month in sales since we started the project (here), and February looks equally as good," he said on Thursday at West End. |
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| December 13, 2007 |
Ginn to raise property prices by mid-January
Ginn Sur Mer, the $4.9-billion Grand Bahama-based development, is expecting to raise its property prices in mid-January 2008. A move that may surprise some given the global credit squeeze that has dampened prospects for the Bahamas' second-home market. |
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| November 08, 2007 |
'Enchanted forest'of Freeport targets US, UK and region
One thing Freeport and Grand Bahama needs is the critical mass of people to fill in their infrastructure.WIth no import and export duties, state of the art container port, and close proximity to the U.S., It's just not been leveraged by the country as it could be. |
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| September 28 2007 |
Ginn's two per cent stamp duty rate 'has no foundation in law'
The special two per cent stamp duty rate that the former PLP government granted the Ginn Development Company on real estate sales at its $4.9 billion West End project has no foundation in law, an attorney told The Tribune, and appears to contravene the Hawksbill Creek Agreement. |
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| September 03, 2007 |
Government will honour the commitment made with Ginn
Prime Minister Hubert Ingraham said the Government will honour the agreement with Ginn Resorts and will ensure that it is beneficial to the developer and Bahamians, according to Associated Press. The Prime Minister's statement followed a presentation by Ginn principals on the proposed multi-billion dollar development for West End, Grand Bahama. |
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