Although the economy has been slow for years, the price of Bahama real estate has recently seen a sharp rise, thanks to new investment. New construction projects have driven prices up double digits in the last quarter. While the economy remains sluggish, the Bahamas’ real estate market continues to thrive with international and local buyers alike.
The islands offer a low tax rate and a relaxed lifestyle, making them an ideal choice for investors. The country is also a favorite for second-home ownership and investment. And with a stable economy and attractive tax benefits, many buyers from the United States are choosing the Bahamas to make their second homes.
Those considering purchasing Bahama real estate should research the property thoroughly. The Bahamas government maintains records on property ownership. Bahamas real estate They can determine if a property is still under the same name as its owner. You can also learn about the last tax payment. These are just a few of the things you should consider when buying or selling property in The Bahamas.
The Bahamas property market is experiencing a rebound as more investors and international businesses return to the island. The announcement of Carnival’s cruise port has boosted demand for properties in the area. Another major development is the Grand Bahama Shipyard, a $350 million project that will have two floating docks for the world’s largest cruise ships. Property prices are starting to rebound as a result, with people eager to buy or sign long-term leases.
If you’re interested in investing in Bahama real estate, make sure to choose an agent with extensive experience. Members of the Bahamas Real Estate Association have gone through rigorous training and exams to become real estate professionals. They follow a strict code of ethics and conduct. Some of them even hold higher certifications in the luxury market, which are awarded to less than 5% of real estate agents worldwide.
Aside from the beach and resorts, Grand Bahama real estate also offers easy access to Freeport, a major cruise ship terminal and world-class restaurants. Nearly a million visitors visit the island each year. In addition, Grand Bahama is accessible by plane on major airlines. There are even undeveloped home lots.
The Bahamas’ economy remains healthy. With no capital gains tax, no income or inheritance tax, the Bahamas is considered a stable place to invest in property. The country’s capital is New Providence Island, and major cities are Nassau and Freeport. Its ‘Out Islands’ include Eleuthera, Bimins, and Andros. House prices range from US$300k to US$8 million.
The Bahamas has a wealth of luxury homes for sale on the island. JamesEdition allows you to narrow your search by choosing the number of bedrooms, bathrooms, and other amenities that are important to you. The site also lets you save properties so you can get notified of new listings.