Bahamas Real Estate: Who Owns What?

Fifty five percent of usable Bahamas real estate is owned by the government with all other property vested in private ownership or tagged as ‘wet' Crown land.
Hubert Ingraham, the prime minister of the Bahamas, released the statistics in Parliament on July 22.
Mr Ingraham said there's a little more than 3.5 million acres of both dry and wet land available in this archipelago.
The Bahamas population stands at approximately 350,000, so this means there's about 10 acres per person, Mr. Ingraham said.
He said 938,709 acres of Bahamas property are owned privately and 910,341 acres are ‘wet land” that can't be developed. And 237,583 acres are already leased. So only 1,362,205 acres are available.
The Bahamas government holds 1,362,205 acres of dry real estate.
The total land mass of the Bahamas is 3.4 million acres.
With property somewhat scare, Mr Ingraham said his government will take a more aggressive approach to stop the illegal use (squatting) of Crown land.
This information was gleaned from The Tribune of Nassau Bahamas.