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HG Christie LtdGlobal Properties offers more than 20 ads with up-to-date characteristics, photos, and prices for flats in the Bahamas. Finding the right property is easy:
- Use the filters by selecting the desired parameters of the apartment (number of rooms, area, furnishings, amenities, construction stage of the complex, etc.).
- Sort the search results according to your goals (by descending/increasing price, date of publication, area, etc.).
- Select a suitable property and contact the seller. Contacts of agencies and developers are given in all listings.
- Minimum cost of apartments in Bahamas: $75000.
- Maximum value: $29 million.
- Minimum size: 39 sq. m.
- Maximum area: 1,890 sq. m.
Investments in the economy and/or property in the Bahamas give adult foreigners who have no criminal record, the right to obtain a residence permit. The minimum amount of investment is not specified in the legislation of the state. It must be approved by the head of the Ministry of Financial Services, Trade, Industry, and Migration.
Therefore, only the speed of consideration of the application and decision-making will depend on the apartment prices in the Bahamas, purchased by a foreign investor. The minimum period for processing documents is 21 days. In official sources, information about the amount that allows you to formalize the status of a resident under the accelerated scheme varies from $500,000 to 1.5 million.
Staying in the territory of the country is mandatory to maintain the resident status. An investor may also apply for permanent residence for financially dependent members of his family, provided that they reside with him. There are no age restrictions for relatives.
Apartments in The Bahamas
Unlike most Caribbean countries, in the Bahamas, the government does not require licenses and special permits for the purchase of real estate. However, there are exceptions, such as the purchase of particularly large properties, as well as premises for subsequent rental or commercial purposes. To receive income from rental business, foreigners need to register with the Bahamas Investment Authority.
There are two types of ownership in the country: freehold and leasehold. The vast majority of properties are sold to foreigners on a freehold basis. This means that they are free to dispose of the acquired objects in various ways: sell, rent, gift, transfer by inheritance, etc. Housing sold on the terms of leasehold (long-term lease), as a rule, is located on state-owned land. Such properties are often purchased for agricultural purposes or development.
Reasons for investing in an apartment in The Bahamas
Real estate located in the archipelago attracts investors from all over the world for the following reasons:
- Strategic location. The Bahamas is located in the heart of the Caribbean Sea, and less than 100 km from the largest economy in the world, the United States. A flight from the archipelago to Florida takes about 90 minutes, and the major financial centers of Latin and North America are also located nearby.
- A wide range of housing. Many investors planning to buy an apartment in the Bahamas face a difficult choice, as there is everything from small studios and cozy apartments with 1–5 bedrooms to exclusive penthouses with personal amenities such as Jacuzzi and a swimming pool.
- Stable and growing tourism industry. The country is a famous tourist destination. The 700 islands attract vacationers with their breathtaking scenery, beaches, attractions, pleasant climate, and luxury real estate with first-class amenities.
- Tax advantages. The government has worked hard to make the state an attractive destination for foreign investment. One of the main advantages of buying condos or houses in the Bahamas is the absence of capital gains taxes and low property tax rates. The country also has no inheritance taxes, which ensures a favorable transfer of property to future generations.
- Stable economy. A stable economy and democracy have been maintained in the state since 1729. This reduces the risk of economic and political factors negatively affecting investor returns. The Bahamas is the third most prosperous country in North America after the US and Canada.
All these factors have a positive impact on the price of apartments in The Bahamas for investment. Some of the best indicators are in the capital of Nassau and Paradise Island. In April 2024, the average cost of real estate in these locations increased by 45.4% year-on-year. Investors purchasing homes in popular tourist areas can expect significant capital gains in the long term.
Apartments can also generate high and stable rental income. Properties with a sea view and/or with easy access to the beach are in the highest demand among guests. In addition, a significant advantage will be the developed internal infrastructure of the complex with a swimming pool, gym, sauna, massage room, concierge service, and other amenities.
Buying apartments in The Bahamas
Global Properties is a daily updated database with a wide selection of residential and commercial properties. The aggregator has built-in useful tools for searching and buying homes, including advanced filters, search sorting, interactive map, and currency converter. Check out the latest listings from reliable agencies and developers and experience the convenience of our platform today.