If you’re interested in buying or selling real estate in The Bahamas, you’re probably looking for a property with a lot of charm and a great location. This archipelago of hundreds of islands is known for real estate bahamas its beautiful beaches, great golf courses, world-class shopping, and world-class spas. It’s also home to some of the most beautiful homes in the Caribbean. Here are some tips for buying or selling property in The Bahamas:
Foreign investors can buy property in The Bahamas and obtain residency and tax privileges. Non-Bahamians must apply for a permit and register their instruments of estates with the Registry of Records. They must also apply for a permit from the Government, which is issued based on the size and intended use of the property. The Bahamas government offers local financing for foreign buyers and investors. Non-Bahamians may be eligible for residency status if they have purchased an undeveloped plot of land of five acres or more than twenty-two square meters.
The first permanent settlement in The Bahamas was Eleuthera. It is rumored that Christopher Columbus stopped in the island. The beautiful natural setting has attracted many celebrities and the rich and famous. Real estate on Eleuthera, particularly on Harbour Island, has soared in value. You can find single-family estates, condos, and open lots in the area. Whether you’re looking for an island getaway, there’s a property for you.
The Bahamas have a very low tax rate, which makes it a great place to invest and live. The country is also one of the richest in the Caribbean, and has no income, inheritance, capital gains, or corporate taxes. The Bahamas has a stable democracy and a tax free zone for foreign investors. In addition to all these advantages, Bahamas real estate is well-positioned for investment and residence. There are many people who invest their money in the Bahamas.
One of the most desirable properties in The Bahamas is an island with a history dating back to the 1500s. Located on a Rees Jones-designed golf course, Minor Cay recently underwent a multi-million dollar makeover. In the past, a Minor Cay estate was sold for $12 million. The former owner, John Safer, was a real estate agent in The Bahamas. The island’s rich and famous were all among the buyers.
Another option for permanent residency is a 2.3-acre ranch with a private beach. This property has 650 feet of ocean frontage. The property has a boat dock, a pool, and a spacious lobby. It will also have a restaurant and bar. It will have a great rental potential when not in use. Construction will start in 2019.