Private islands have long been
the reserve of royalty, movie stars and the super wealthy. However, with house prices across the
world having fallen over the last few years, the price of a private island is
now within the reach of many of the worldââ¬â¢s super rich. And, the hottest spot to buy your own
private island at the moment is the Bahamas.
If you want to buy your personal
island and property in the Bahamas,however, you should beware that the cost
could be significant.
Buy your own private Bahamian island
The desire for no neighbours,
cars or people has driven many people to buy their own secluded island property
in the Bahamas. Buyers in recent
years have included David Copperfield, Brad Pitt and Johnny Depp.
An example of the type of real
estate deal you can arrange is to buy one of the Exuma Cays Islands -a
365-island cluster in the Bahamas. Of the 365 islands, 90 per cent are either
uninhabitable or protected as part of a 176-square-mile marine park.
Cost of building property in the Bahamas can be high
Building your luxury property in
the Bahamas on your private island isnââ¬â¢t without its problems. Constructing a home in the middle of
nowhere can take two years on average to complete and requires an awfully large
investment.
Materials for building as well as
electricity generators, food, water and home furnishings have to be transported
from Florida which is over 300 miles away. If you want your luxury home to have electricity then a
diesel generator also has to be shipped to your island.
In addition, you will have to
consider the cost of building temporary homes for the construction workers and
contractors as well as providing food and water.
So, whilst the idea of a luxury
home on a private Bahamian island may seem perfect, be prepared to pay as much
for the build of your home as you did for your island in the first place.
