Farhad Vladi of VladiPrivateIslands, an island broker for 35 years, says prices in the Bahamas have come down about 50 percent from their peak levels, and sales have dried up.
"If you can afford a studio apartment in New York City, you can definitely afford an island, " says Farhad Vladi , founder of specialty brokerage VladiPrivateIslands, based in Hamburg, Germany.