Housing Affordability in The Bahamas

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.