IMF warns of housing crisis as real estate and rent costs sharply outpace wages 

NASSAU, BAHAMAS — The International Monetary Fund (IMF) has highlighted a growing housing affordability crisis in The Bahamas, where wages have lagged behind rising real estate prices and rents, which surged by 14 percent between 2012 and 2022, while average wages increased by only 2 percent, disproportionately affecting low-income households. 

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