Nov 13 2008

Carbbean Roots

For a region known for it´s languish attitude and casual lifestyle, the history of the Caribbean is coated with bloodshed, genocide and slavery, however thankfully, Caribbean culture has withstood the ravages of time, evolving into one of the wealthiest blends in the world.

For countless generations the Caribbean islands were inhabited by three main indigenous tribes, namely, the Arawaks, the Ciboney and the tribe whom donated the island its name, the Caribs. When Christopher Columbus became the first European to walk these lands, the future of the Caribbean took a dramatic turn when Spain claimed these regions as its own. This incensed the islanders who lived there, plus the other major European nations. Within a few years, bloody battles ravaged over the Caribbean islands, with France, Spain, England, the Netherlands and Denmark all claiming various territories as their own. During these political feuds, the tribe’s native to the islands were being annihilated. As the people were diminished, so was their way of life, thus the culture of Caribbean people dies with them. On the onset of slavery on many of the islands, the native cultures were replaced with a blend of African and European roots, therefore creating a new evolutionary process.

After several years, warring ceased although slavery continued form some time to ravage the sugar and coffee plantations. Eventually, each of the European powers carved out their own cultures on their marked islands. This concluded with the splintering of cultures between the islands, whereby these slight yet significant differences can be determined, for example neighboring islands St. Lucia and Barbados. Many of the islands retain carefully preserved plantations and monuments to the many battles, in fact, the colonial Europeans did a vast job throughout the centuries to preserve it´s historical sites and architecture, bringing forth a new amalgamation of cultures that defines Caribbean culture to today.

Much of the Caribbean food is a combination descended from Imperial roots and from the recipes crafted by the early African slaves. Dishes were recreated from their homelands tempered by the ingredients available at hand, whereby the main diet of slaves consisted of whatever their masters rejected. Thus many of the spices native to the Caribbean islands made their way in to African dishes. Caribbean music also plays testament to their rich and diverse culture, determining their ability to withstand and cultivate their cultural progression.


Nov 13 2008

A Brief History of the Bahamas

The Bahamas are an archipelago of a staggering 700 islands holding approximately 2,400 uninhabited paradisiacal islets and cays lying 50 miles off the east coast of Florida. They extend for about 760 miles (1,223 km). It is reported that only 30 of the islands are inhabited with the most important being the New Providence, which it is estimated to being about 80 square miles or 207 square kilometers, on which the capital, Nassau, is situated. Other islands include Grand Bahama, Abaco, Eleuthera, Andros, Cat Island, and San Salvador, or otherwise known as, Watling’s Island.

Columbus made his first arrival here in the western hemisphere of the Bahamas, embarking upon the Arawak Indians whom are currently thought to be the first inhabitants of the Bahamas. Columbus’s first encounter with the New World and the Lucayan tribe, whereby he exchanged gifts and in return brought several indigenous inhabitants, as well as gifts, back to Europe, was recorded to have taken place, approximately October 1492. Spanish slave traders later captured native Lucayan Indians, to work in gold mines, in the previously called Hispaniola and within the short duration of 25 years, the Lucayan tribe perished. Although the Spanish arrived here before the British, they did not formally colonise these Islands. The British first built settlements on the islands in the 17th century. In the early 18th century, the Bahamas were a favorite pirate haunt. It was documented, that upon European arrival, these lands contained lush and vast forestry, however, due to a staggering amount of plantation, much of these forests were cut down and have never regrown.

In 1647, at the peak of the English Civil War, a group of Puritan religious refugees from the loyalist colony of Bermuda known as the “Eleutheran Adventurers”, founded the first permanent European settlement in the Bahamas and gave Eleuthera its name, by which Eleuthera means “freedom.”

Various bands of newcomers formed their own independent settlements in the Bahamas, but the isolated cays, sheltered pirates and wreckers throughout the 17th century. Charles II granted land in the Bahamas to the Lords proprietors of the Province of Carolina and the islands were left entirely to themselves. After Charles Town was destroyed by a joint French and Spanish fleet in 1703, the local pirates proclaimed an anarchic ‘Privateers Republic’, headed by Edward Teach, more commonly known as Blackbeard, who was then, the chief magistrate.

When the islands became a British colony in 1717, where the first Royal Governor, a reformed pirate called, Roger Woodes, finally brought law and order to the Bahamas in 1718 , after he expatriated the buccaneers, whom had previously used the islands as bases. Consequentially, the pirates working in these waters became formally known as privateers. Rogers is best known for his capture of the famous pirates Calico Jack, Anne Bonny and Mary Read. Woodes also consecrated the first House of Assembly in 1729 in the Bahamas.

During the American War of Independence, the islands fell to Spanish forces under the rule of General Galvez in 1782. After the dawn of the American Revolution, the British government issued land grants to a group of British Loyalists and the tiny population of the Bahamas began to triple within a few years. Cotton was planted, however the limy soil was unsuited to it, therefore the plantations failed. Many of the current inhabitants are descendents of slaves brought to work on the Loyalist plantations. When Great Britain outlawed the slave trade in 1807, the Royal Navy began intercepting ships, freeing slaves and homing them in the Bahamas.

The Bahamas were governed under the Crown as one of it´s colony´s from 1717, until they were granted an internal government in 1964. From here after, the islands moved toward greater autonomy and by 1968, after an historical victory, during the general elections of the Progressive Liberal Party, led by Prime Minister Lynden O. Pindling, defeated the predominantly white “United Bahamians Party”. With its new mandate from the 85% black population, Pindling’s government negotiated a new constitution with Britain, by which the colony, converted to the Commonwealth of the Bahama Islands in 1969. On July 10, 1973, the Bahamas became an independent nation. Hubert Ingraham became prime minister in May 2007 along with his Free National Movement party, winning by a landslide in parliamentary elections.

Once mainly dependant on agriculture and fishing, the Bahamas has diversified its economy in to tourism, financial services and international shipping, allowing the nation to enjoy an income ranking one of the top 30 countries in the world. The Bahamas constitutes of an insurmountable economic growth within a sort space of time, whilst enjoying various agricultural sources and vegetation cultivated on her terrains, which are in turn, exported across the world. It´s economic summary is established to being an approximation of over 6 billion dollars per capita, yet still growing. It´s industries relate to tourism, agriculture, oil trans shipment, salt, aragonite, animal products, fruits and vegetables, rum, mineral fuels, machinery and transport equipment, live stock, banking, pharmaceuticals, timber and not forgetting an admiral amount of fertile land. Some of the Bahamas major trading partners include Spain, France, Italy, South Korea, Japan, Poland, the U.S, Brazil, Germany and Venezuela.

Bahamians finally achieved a self government through a series of constitutional and political steps, attaining internal self government in 1964 and full independence within the Commonwealth of Nations on July 10th 1973.

The official and most widely spoken language is English with Creole, although spoken primarily among Haitian immigrants being it´s sister language of some of the islanders.


Nov 13 2008

Caribbean property could benefit from possible JetBlue expansion

Owners of Caribbean property could benefit from possible plans to expand the reach of JetBlue Airways in the region.

The budget airline, which is based in the United States, is considering 24 destinations across the Caribbean and Latin America, to complement the existing services that it has been running for the past four years. JetBlue managers will consider a variety of factors including plans for hotel development in some tourist areas, as well as airport costs and the likelihood of corporate partnerships.

Noreen Courtney-Wilds, vice-president of sales for JetBlue, told caribbeannetnews.com: “Ever since JetBlue touched down in the Caribbean some four years ago, our business in the region has grown tremendously thanks to the support of local communities and business leaders.”

The airline will operate over 70 services throughout the winter months to Caribbean destinations including the Bahamas, Bermuda, Nassau, Puerto Rico and Dominican Republic.

If the airline decides to go ahead with the additional flights, local Caribbean economies are likely to be boosted by extra visitations, in the process improving the value of beachfront Caribbean property.

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Nov 13 2008

Selling Your Home During This World Financial Crisis

If you are like most people you have been glued to the TV and Internet watching the world financial crisis unfold. There is certainly plenty of bad news out there and it’s worldwide. Usually the bleak economic picture is reserved for Freeport, but it seems that every corner of the globe is having its own financial problems. The good news is that from a historical perspective the Stock Market drops are not as bad at Black Monday 1987 or The Great Depression and world governments having learned lessons from the past are doing their best to stabilize the world economy. The US Federal Reserve and six other major central banks from around the world slashed interest rates yesterday and Central Banks around the world are working together to free up the credit market to get us moving in the right direction which is a good sign. Governments may not have all the answers but I am confident that this is just another cycle and after the dust settles the markets will rebound and we will slowly get back on our feet again. Unfortunately, there is uncertainty and fear in the market as these recession/recovery cycles do take their time and people are worried about their jobs, their retirement accounts, their investments and their future. So what does all this bad news mean to our Freeport Housing Market. Well for one if you own a home it is still a great investment and you should be comfortable knowing that historically even with the ups and downs in the economy Real Estate has always proven to be the BEST investment you can make. If you are trying to sell your home today you must be realistic with the pricing as the world housing market is off up to 20%. If you absolutely must sell in this market as many of you must do for many different reasons, then you have to be prepared to accept less for your house as it is clearly a buyer’s market and buyers want great deals. If you are not willing to reduce your prices then you should take your home off the market so you don’t waste your time and end up disappointed. As far as prices are concerned there is no doubt that temporarily the value of your home has decreased over the last few months and especially from 4 weeks ago as there are fewer buyers, credit is difficult, people have lost as much as 30% of their net worth in financial markets and the future of the world economy and Freeport economy is uncertain. Having said this, the good news is that even if you reduce your prices you are still making good money because the value of your property has increased over the last few years and some of you have had the benefit of appreciation over the last 10 - 15 years. If you are trading up or down the prices of the new property you want to buy has decreased so you are still ahead of the game as it will cost you less to purchase the new property. So believe it or not this could be the right time for you to buy or sell or buy and sell.

So if you are a buyer get away from the bad news on the TV and the internet, Stay Positive and keep looking for that great real estate deal because this is the time to make your move as sellers are very willing to negotiate. If you are a seller then adjust your price, make a deal, sell your house and move on with your life.

Until Next week


Nov 13 2008

What Do Tiger Woods and James Bond Have in Common?

For starters, they have both been to Albany House in the Bahamas. Being a secluded and magical estate, Albany House was chosen as the setting for the latest James Bond movie Casino Royale. Not only is the setting magical, but this has helped to put the place onto the world map with renewed acclaim for the Bahamas.

While Bond was sipping his Martini, Tiger Woods got busy buying into the brand new Albany development. His joint venture with fellow golfing buddy Ernie Els and the Tavistock Group (owned by Lyford Cay resident Joe Lewis) has created much speculation and interest from all around the world.

When it all started

First approved back in November 2006 by Bahamian officials, the new planned luxury resort will include an 18 hole championship golf course designed by Ernie Els and create some 1,600 jobs during construction.

It took a full two years of environmental studies and planning to get this deal come through and judging by a recent interview with Tiger Woods, he is only too excited for it to happen.

The construction will take place in the southwestern end of New Providence and include some 565 acres. It will include the formerly mentioned golf course, oceanfront homes, cottages, a fitness center, a spa, luxury apartments and a 500 million dollar new marina.

The project is going to be built in two phases with the second phase being completed by 2011 or 2012.
The ground has been broken

Despite rumors about the recent loss of some $800 million by the principal investor and billionaire Joe Lewis who is the founder of the Tavistock Group, the ground was finally broken to start building just over a week ago.

The 88 slip marina will be surrounded by 10 buildings incorporating office space, retail, hotel units and approximately 100 luxury apartments selling for a nice price tag of $3 million each.

There will also be townhouses who will sell for $40 million each.

Living the life

Albany is certainly a dream development for many and being part of a paradise setting only makes it more attractive. Around 1,000 new jobs will also be created once the development is finished which is great for the local economy.

The project is actually the most ambitious undertaking ever planned anywhere in the Caribbean and already cost $10 million in design fees alone.

James Bond can also return to Albany House knowing that it will get a spruce up with a more hip appearance as part of the new development.

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Nov 13 2008

Attractions in The Bahamas

Watersports
There are over 1,000 regularly dived sites, including wrecks, coral reefs, spectacular walls and mystical caves. Dive shops are available on al the main islands. Cruises are also very popular, from catamarans to powerboats, often with lunch and snorkelling opportunities included. If you’ve always had a yearning to swim with dolphins, here’s your chance; you can make bookings on your arrival to the islands.

Golf
One of the official golf destinations of the PGA Tour; The Bahamas has excellent golfing facilities.

Nassau and Paradise Islands
Just 4 miles long and half a mile wide, Paradise is connected to New Providence Island by 2 bridges so the capital city of Nassau and all its facilities are easily accessible. Elegant architecture houses a wide range of shops selling everything from expensive watches to locally made batiks, with duty-free outlets, modern malls and markets to keep even the most ardent shopper happy. For an insight into the legendary piracy common around the islands during the eighteenth century check out the Pirates of Nassau museum with its interactive exhibits. Also worth a visit is the Pompey museum, which traces the history of slavery, and subsequent process of abolition and emancipation. Both are located in the city of Nassau.

Nightlife
Entertainment is focused mainly on bustling New Providence Island with casinos, cabarets, bars and nightclubs galore.

Weather
The Bahamas are mostly sunny throughout the year with temperatures averaging 25-31 degrees. The driest months are November to April with occasional storms and the heaviest showers occurring between May and October.

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Nov 13 2008

Stamp Duty Relief

NASSAU (BIS) - The amendment to the Stamp Act which provides for
exemption from payment of stamp duty on certain financial transactions
involving licensed lending institutions became effective July 1, the
Ministry of Finance has confirmed.

Application may be made for exemption from stamp duty for any of the
following: purchase of a dwelling home; purchase and financing of a
dwelling home and mortgage; purchase and financing of a dwelling home
combined with other domestic loans and mortgages; purchase of vacant
land for the construction of a dwelling home; transfer of a home
mortgage; and, transfer of a home mortgage combined with other
domestic loans.

In New Providence, the applications are to be made to the Financial
Secretary, Ministry of Finance, Cecil Wallace-Whitfield Building,
Cable Beach, or to a Family Island Administrator. Forms are also
available on the Ministry’s web site at www.bahamas.gov.bs. The
Ministry’s phone number is (242)-327-1530.

Applications are to be accompanied by completed affidavit (copies
available at the Ministry of Finance or from Family Island
Administrators); copy of National Insurance card; first page,
signature page, and back sheet of conveyance; and/ or first page,
signature page, and back sheet of mortgage.

The Ministry reminded applicants that purchase or construction of the
home must be in respect of a first time home ownership, and the home
must be intended for owner occupancy.

“A dwelling house includes a condominium unit or a duplex, exclusive
of any part that is not owner-occupied,” stated the Ministry. “The
property must not be used for commercial purpose.”


Nov 13 2008

New Passport Requirements (A small reminder)

Cruise Transport Only: U.S. Citizens are currently required to show a valid passport OR birth certificate (original or certified copy). If using a birth certificate a photo ID is also required (Driver’s License). A valid passport will be required for cruise transport beginning June 1, 2009. This date was recently changed from June 1, 2008 to allow more time for travelers to obtain passports. More Information

New Passport Requirements for Flight Service - Effective January 8, 2007

* On January 8, 2007, ALL persons, including U.S. citizens, traveling by air only between the United States and Canada, Mexico, Central and South America, the Caribbean, and Bermuda will be required to present a valid passport, Air NEXUS card, or U.S. Coast Guard Merchant Mariner Document.
* As early as June 1, 2009, ALL persons, including U.S. citizens, traveling between the U.S. and Canada, Mexico, Central and South America, the Caribbean, and Bermuda by land, air or sea (including ferries), may be required to present a valid passport or other documents as determined by the Department of Homeland Security. While recent legislative changes permit a later deadline, the Departments of State and Homeland Security are working to meet all requirements as soon as possible. Ample advance notice will be provided to enable the public to obtain passports or passport cards for land/sea entries. More Information


Nov 13 2008

Bahamas won most medals per capita

The Bahamas has successfully defended its 2000 and 2004 Olympic titles, capturing the most medals per capita crown for the third consecutive games, it was reported last night.

At the 29th Olympiad in Beijing, China, The Bahamas captured two medals — a bronze in the triple jump and a silver in the men’s 4×400-meter relay. That’s one medal for every 153,725 Bahamians.

In the medal per capita race, Jamaica ranked second with 11 medals or one medal for every 254,939 Jamaicans; Iceland, with a population of 304, 367 was third with one medal; Slovenia, with five medals, was fourth — one for every 401, 542 Slovenians; and Australia was fifth with 46 medals, one for every 447,844 Australians. Rounding out the top10 was New Zealand, Norway, Cuba, Armenia and Belarus, according to the Los Angeles Times

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Nov 13 2008

Reasons to go to The Bahamas

Once you have decided on the Bahamas as your vacation/holiday home destination, you will likely be looking for information on some of the best things to do in the Bahamas. Whether this will be your first time to the Bahamas or your tenth, there are an incredible number of attractions in the Bahamas to fill up multiple vacations. Below is a list of the top things to do in the Bahamas with your vacation.

Scuba Dive

While Andros Island has earned a reputation as the best place to dive in the Bahamas, great scuba diving for all skill levels can be found on almost every island. Bahamas spring break packages that include diving are available, as are packages for people who want to make multiple dives on their vacation. Contact your travel agent or hotel staff to book a trip for popular diving attractions in the Bahamas.

Golfing

Grand Bahamas Island is the current Mecca for golfing in the Bahamas. You can also find some great golf courses on Paradise Island, New Providence Island and more. Golfing is one of the most popular attractions in the Bahamas for beginners and more experienced golfers. If you plan to do a lot of golfing, you might consider a golfing travel package.

Dolphin Encounters

Located on Blue Lagoon Island, the Dolphin Encounters Company gives guests the opportunity to swim with dolphins. Guests can also pet, feed and dance with the dolphins. The Dolphin Encounter tour is one of the most popular things to do in the Bahamas, particularly among families. You will have the best luck booking this event if you do it in advance.

Hartley’s Undersea Walk

The undersea walk is a tour unlike any other. Participants are given a lead mask that weights them to the ocean floor in about 10 feet of water. Air is pumped into the mask and tourists can walk along the bottom of the ocean petting tropical fish and interacting with other marine life. Tour guides take pictures with waterproof digital cameras which are available for purchase after the tour.

Bacardi Distillery

The Bacardi Distillery offers daily tours at 11am and 2pm. The tour is free and guests will be given rum samples as they tour the distillery. A gift shop at the end of the tour has Bacardi rums on sale for a fraction of the cost anywhere else.

Queens Staircase

The Queens Staircase is the prominent stop on an historical walking tour of Nassau. Built by slave labor and cut out of a limestone wall, the Queens Staircase was built in 1793 and is 102 feet tall.

Versailles Gardens

Touring Versailles Gardens and the Cloisters it host is one of the most popular things to do in the Bahamas. Brought to the islands from France, the statues and art work that have been assembled in the gardens are exquisite. Although the area is located on private hotel grounds, it is open to the public free of charge and remains one of the top 10 things to do in the islands.

Blue Lagoon Island and Stingray City

In addition to the dolphin swim there are a number of things to do on Blue Lagoon Island. Stingray city offers a chance for tourists to swim with friendly stingray, eels and other interesting marine life. Guests will also have a chance to help feed the animals.

Beaches

No Bahamas spring break package or trip to the Bahamas at any time of the year is complete without some time spent at the beach. Whether you choose to visit the famous pink sand beaches of Harbour Island or just spend the afternoon at a beach near popular Nassau, there are beaches just about everywhere in the Bahamas.

Tours

Wildlife tours and out island tours are perhaps the most popular sorts of tours from the Bahamas. With more then 65 species of birds and hundreds of land and water creatures the Bahamas are an incredible place to see tropical wildlife in its natural habitat. You can also book a fishing tour or rent a private boat to plan a tour of your own making.

No matter how long you plan to spend in the Bahamas you should find time for at least a few of the activities mentioned. Bahamas spring break packages and other travel packages can be booked with tours in mind to take advantage of the most competitive rates.

No matter how long you plan to spend in the Bahamas you should find time for at least a few of the activities mentioned. Bahamas spring break packages and other travel packages can be booked with tours in mind to take advantage of the most competitive rates.

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