Selected Issues Papers

Housing Affordability in The Bahamas: Bahamas

By Maria Alexandra Castellanos, Beatriz Garcia-Nunes, Shane R Lowe, Vu Chau

April 11, 2025

Download PDF More Formats on IMF eLibrary Order a Print Copy
More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

Maria Alexandra Castellanos, Beatriz Garcia-Nunes, Shane R Lowe, and Vu Chau. "Housing Affordability in The Bahamas: Bahamas", Selected Issues Papers 2025, 032 (2025), accessed April 24, 2025, https://doi.org/10.5089/9798229008563.018

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

Though the population in The Bahamas has expanded swiftly since 2010, the stock and affordability of new housing has not kept pace due to limited wage growth and financing constraints. This chapter takes stock of recent trends in the residential housing market in The Bahamas and discusses the potential drivers of reduced housing affordability. The authorities have taken various initiatives (guaranteed loan programs, construction of public rental units) to alleviate housing shortages. However, there is room for additional public spending in housing. Easing access to credit for residents would also support increased homeownership.

Subject: Housing, National accounts

Keywords: Alleviating supply constraint, Caribbean, Global, Housing, Housing affordability, Housing shortage, Housing Supply, IMF staff calculation, The Bahamas

Publication Details

You May Also Be Interested In...

IMF Committee on Balance of Payments Statistics 2024 Annual Report

April 18, 2025

Principality of Andorra: 2025 Article IV Consultation-Press Release; and Staff Report

April 11, 2025

Principality of Andorra: Selected Issues

April 11, 2025

Assessing Climate Change Risks: Potential Output Losses and Gains from Strengthening Resilience, Bahamas

April 11, 2025