The Bahamas has many opportunities for investors. The country is known for its prime real estate. harbour island real estate US investors often purchase property in the Bahamas for investment purposes. This island paradise is close to Miami and three and a half hours from New York. It has a warm tropical climate, pristine beaches, and English is the official language. With a growing number of tourists and development projects, the Bahamas has become more affordable for many people.
The Bahamas government encourages foreigners to invest in real estate. In fact, the country has created several policy documents aimed at facilitating the purchase of Bahamian property. One such document is the International Land Holdings Act 1993. Non-nationals who wish to invest in Bahamian property must register with the Central Bank and Investments Board. The registration fee can range from $25 to $100.
When purchasing a property in The Bahamas, it is best to check the Bahamas Multiple Listing Service or BahamasMLS. This service features a database of listings and broker profiles. Each property listing will include information on price, amenities, and more. You can then narrow your search down further to find your dream property. There are photos and descriptions of the properties, which can be helpful in making a decision on whether or not to purchase a property.
The Bahamas is a wonderful place to purchase a property. Its government is friendly to foreigners. Most people buying property in The Bahamas come from the United States, Canada, France, Britain, Italy, and France. Buying property in The Bahamas is a good way to get residency and tax advantages. For example, if you plan to build a home on a plot of land that is five acres or larger, you can get a Home Owners Resident Card. In the Bahamas, property taxes are low, and stamp duty is split between the buyer and seller.
Located on an historic bay near the Port of Lucaya, this 36 unit apartment complex boasts panoramic views of the harbour. It is designed and landscaped in a traditional Bahamian style and has a full-time Estate Manager. This complex is fully equipped with a septic system.
In addition to its idyllic beaches and pristine waters, The Bahamas also has a thriving tourism industry. Nassau, the capital of the country, has an array of options when it comes to real estate. You can find rental properties, condominiums, town houses, vacant land, and single family homes. The tax regime is extremely friendly and enticing.
If you are looking to buy a home in the Bahamas, you can select from several beautiful islands. Eleuthera, for example, is an island that many people choose for a second residence. The island is located close to Harbour Island, which is home to the largest town on the island. On Harbour Island, you can purchase properties in Dunmore, where the golf buggy is the preferred mode of transport.