Abaco’s Real Estate market is on an upswing. After the stock market crash of 2008, it created a market flooded with properties and very few interested buyers. In the past seven years we have seen many owners reducing the prices of their properties, some by 50%. At this time, many of these great buys have been sold. Having said that there are still distressed properties on the market. So there are still great buys to be had.
Property Prices Reduced
Properties located in South Abaco have not experienced the price reductions that other areas have. There has been a small percentage of reduction in overall pricing.
Luxury Homes vs Land
Abaco’s economy is directly related to the economy of the United States. The economy has affected all properties in Abaco regardless of whether it is a Luxury Home or Vacant Land.