The Bahamas Property Group is your one-stop-shop for real estate in the Bahamas. We have years of experience in the market and will provide you with the most current information. Our agents are located on the main islands of The Bahamas. Contact us today for a free consultation. We look forward to helping you buy or sell your next piece of Bahamas property.
The Bahamas Property market has many attractive features. First of all, it is a tax-free zone, making it attractive to investors and business executives. The country has a thriving expat community and a stable, democratic government. The Bahamas has 310 days of sunshine per year, making it a popular vacation destination. In addition, there is a large number of expats who invest in Bahamas Property.
The Bahamas Property market has a strong rental yield, making it an attractive option for those looking for long-term investment opportunities. Additionally, the Bahamas is home to a variety of beautiful islets and cays. You can choose between areas that are close to lively hubs, where you can enjoy the amenities of world-class resorts, and more remote, virgin islands. You can also invest in land in a resort or on an island that offers private jet landing strips and superyacht infrastructure.
For investors who want to invest in real estate in The Bahamas, there are various ways to finance their purchases. One of the best options is to use a mortgage broker. Enness is one of the leading high-value mortgage brokers, and they will be able to guide you through all the options available. They will also answer any questions you might have regarding Bahamas property finance.
The government of The Bahamas encourages foreign investment. Its immigration department provides guidelines for non-Bahamians who purchase homes in the country. Non-Bahamians who wish to own homes in The Bahamas can apply for a special annual home owner resident card. This card entitles them to enter the country and stay in the Bahamas.
Non-Bahamians can purchase residential properties up to five acres. However, when purchasing property larger than this, a permit must be obtained from the Bahamas Investment Authority. The permit is granted if the investor can provide assurances that the property will be developed. Large projects must also apply for a permit from the Bahamas Investment Authority, which assesses the feasibility of the project and identifies any potential employment needs.
Real property taxes in The Bahamas vary according to the type of property, the owner, and the value. For example, foreigners must pay property tax on vacant land, while they do not need to pay property tax on occupied residential properties. There are also exemptions from real estate tax. However, these exemptions are not automatic and must be applied for using the Application for Tax Concession. lyford cay rentals