Engel & Völkers Expands in The Bahamas with New Eleuthera Shop Location

The global luxury real estate brand continues to strengthen its presence throughout the Caribbean

Engel & Völkers announced today its newest real estate shop opening on Eleuthera Island in The Bahamas. This is the second location for the global real estate brand in The Bahamas and will be led by license partner Colin Lightbourn, who opened the brand’s first location on New Providence Island in 2017. The business currently serves the markets of New Providence, Paradise Island, Eleuthera, Abaco, Exuma, and Long Island. With the opening of Engel & Völkers brokerage in Eleuthera, services will strengthen in Governors Harbour, Harbour Island, Palmetto Point, Rock Sound, and Gregory Town—markets where Engel & Völkers Bahamas has already been actively serving.                

The population of Eleuthera, Harbour Island, and Spanish Wells as of the last census was 11,515, which affords miles and miles of sparsely populated, secluded beaches on any given day. The islands’ appeal comes from a rare combination of beauty, privacy, and proximity to the world’s largest economy.

“The Bahamas attracts global buyers largely from the United States, Canada, Europe, and South America,” said Anthony Hitt, president and CEO, Engel & Völkers Americas. “It is an important hub from which we can now service our global clientele. Colin’s years of experience in the market have opened doors to some of the most exclusive listings and development opportunities in the region, and I look forward to his continued growth with Engel & Völkers.”

With its capital city, Nassau, conveniently located 180 miles off the coast of Florida, The Bahamas has been a world-class tourist destination for decades. Beachfront vacation homes are popular among residential buyers, as the area provides a healthy holiday rental market. Buyers from Europe, Canada, and South America are attracted by the Permanent Residency program which can be achieved with the purchase of a residence of $1,500,000 or more.

Buyers are drawn to its pink sand beaches, clear turquoise waters, island lifestyle, and amenities such as yachting and aviation. The Bahamas is also a low-tax financial center and popular economic residence for buyers from Canada, Europe, and South America, areas in which Engel & Völkers also serves. The Hotels Encouragement Act provides further incentives for resort and community developers looking to The Bahamas for business opportunities. 

“I began my real estate career by flying clients around different islands in The Bahamas and had the opportunity to explore some of the more remote locations that are now seeing new developments and increased interest,” said Lightbourn. “I founded Bahamas Waterfront Properties in 2006 and just over a decade later decided to affiliate the business with Engel & Völkers in order to better service our clients with the reach, tools, and marketing resources of a respected global brand. We’ve had great success over the past five years and now, the time is right to expand with a new shop location on Eleuthera which is one of the more beautiful islands in The Bahamas. Not only does this broaden where we can serve clients but it also presents more opportunities for our advisors to foster their own niche specializations and develop successful real estate careers.”

For more information, visit bahamas.evrealestate.com.

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