For property investors the islands are also an ideal investment, thanks to the Bahamas' stable governement and progressive income tax policy.

In Grand Bahama, known as 'the Hong Kong of the Americas' and the second most popular tourist destination of the islands, Lisney Overseas Residential is launching an exclusive private luxury condominum development for Irish investors.

Suffolk Court comprises 85 high-spec apartments . . .one-, two- and three-bed condos and penthouses . . . on a unique site surrounded by waterways and tropical gardens. All Suffolk Court's five buildings face directly onto an ocean inlet with individual private boat docks.

Apartments are generously sized with one-beds ranging from 96 to 126sq m (1,030 to 1,356sq ft) and two-beds from 209sq m (2,251sq ft).

They are available fully fitted and back onto a swimming pool and landscaped communal gardens.

Suffolk Court is being developed by Harcourt Developments and is due for completion in early 2008. It is a 10-minute drive from Grand Bahama's international airport and benefits from direct scheduled flights to Freeport all year round from Atlanta, Miami, Orlando, Tampa and New York.

Grand Bahama is the second largest of the 700 islands in the Bahamas and boasts world-class scuba-diving facilities, great night-time entertainment and is also home to one of the oldest underwater cave systems in the world.

Prices at Suffolk Court start from $445,000 ( 327,728) for a 99sq m (1,063sq ft) apartment and from $1.65m ( 1.2m) for a 313sq m (3,371sq ft) penthouse.

For further information contact Lisney Overseas Residential 01-619 8900.