The Bahamas Property Group has offices in all major islands, and can provide you with information about real estate in the country. With years of experience in the market, they will be able to provide you with accurate and relevant information. If you are considering purchasing Bahamas property, we urge you to do your research before buying. There are many advantages to owning real estate in The Bahamas.
The Bahamas has a relatively low tax structure, which makes it an attractive option for property investment. The real estate market is also very mature, so the process for buying and selling property here is secure and transparent. Before buying, however, you should ensure that the property title is clear. An absent abstract can make the property less marketable. Also, you must ensure that all the information regarding the property’s past is accurate.
Many foreign homebuyers purchase property in The Bahamas. The majority come from the United States, Canada, France, Britain, and Italy. Foreigners who buy Bahamas property qualify for homeowner’s residence cards and permanent residency. A homeowner’s residence card does not grant the right to work in the country, however. If you plan to buy Bahamas property as a permanent resident, make sure you register it with the Foreign Investment Board before proceeding.
The Bahamas government welcomes foreign investment and has enacted several policy documents to make it easy for non-Bahamians to buy property. For instance, the International Land Holdings Act 1993 is designed to make the buying process easier for foreigners. It also requires foreign nationals to register with the Investments Board and Central Bank, which will cost anywhere between $25 and $100.
The Bahamas is an investor-friendly country, with a stable economy and a low crime rate. Its real estate sector has experienced strong growth since the financial crisis. In fact, analysts predict that the Bahamas will see a rebound in sales levels in 2015 and that property prices will return to pre-crisis levels. In addition, the World Travel and Tourism Council predicts that the Bahamas will continue to grow at an annual rate of over 3% between now and 2024.
lyford cay rentals While the Bahamas Property market is not flooded with real estate opportunities, there is a wide variety of available properties for investors. You can choose to live in the pristine beaches or on a lively island hub. You can also choose between a less populated island or a more remote location. The Bahamas has plenty of prime properties that will appeal to investors and home buyers alike.
Besides tax-free status, the Bahamas also offers excellent opportunities for investing in real estate. There are no inheritance taxes, capital gains tax, and income tax, making it a great place to invest. In addition, the Bahamas has a very large expat community.