These and other amenities are drawing families with young children to Albany, which is named for Albany House, the beachfront mansion that was once the home of Jean Chalopin, the French filmmaker who created  “Inspector Gadget,” and is now the location of Albany’s fine dining restaurant.  Anand points out that Albany buyers are primarily people in their 30s to 50s who enjoy the beauty, the active lifestyle and the quality family time the resort can provide. He notes that in the past year, older individuals have bought homes to use as a “family compound” for visits with their adult children, grandchildren and extended family.

 

“Our buyer base is very cosmopolitan and is made up of people from 20 different countries,” Anand says, adding that residents of the Commonwealth countries are in the majority. “The commonality among our buyers is that they are self-made people - entrepreneurs, athletes, people who have made their own money.”

 

“People who have made their own money usually do a pretty good job of analyzing risk,” Anand continues. “They can see that even though a lot of places were not making it in the financial crisis, Albany is rock solid. We powered through the economy.” Anand also explains that owning a home in the Bahamas offers income and capital gains tax advantages.