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HG Christie LtdOn the Global Properties website, you’ll find over 7 listings from various construction companies and real estate agencies, ideal for buying apartments in off-plan projects in the Bahamas for investments or living. The platform provides the following features:
- Convenient filters for search and sorting to help you find the perfect apartment.
- Quick links to popular property categories, such as “by the sea” or “on the first line.”
- A built-in currency converter showing prices in US dollars, euros, and Bahamian dollars.
- The average price for apartments for sale in off-plan projects in the Bahamas is around $585,000.
- More affordable options start at $1750000.
- The most luxurious properties can reach up to $30 million.
Purchasing local apartments is a key step toward obtaining permanent residency. The minimum required investment amount is at least $500,000, with a recommended investment of $1,500,000 for faster application processing.
The process includes several essential steps:
- Submit an application: After the purchase, submit the necessary application to the Department of Immigration.
- Provide documentation: A full set of documents includes proof of investment, passport, birth certificate, a criminal record check, and a medical certificate.
- Application review: Processing can take from two weeks to several months.
- Obtain residency: If approved, permanent residency is granted.
Important points for investors:
- Professional consultation: It’s recommended to consult experts specializing in Bahamian immigration law to ease the process and gather the full required document package.
- Tax considerations: The Bahamas has no income or inheritance taxes, making investment here even more attractive.
- Moving with family: Property purchases allow you to include immediate family members, such as a spouse and minor children, in your residency application.
- Preventative health check: Before applying, ensure all medical exams and vaccinations are completed, as a medical certificate is part of the required documentation.
The advantages of obtaining permanent residency in the Bahamas include the possibility of relocation, tax benefits, and a potential path to citizenship after 10 years of residence on the islands.
Off-plan apartment in Bahamas
The island real estate market, especially in the new development sector, increasingly attracts investors and those planning a move.
Modern residential complexes offer a wide range of amenities, such as swimming pools, fitness centers, secured parking, and private beaches. Apartments typically feature spacious layouts with panoramic windows, which provide stunning views of the ocean or scenic surroundings.
Demand for new property in Nassau and other regions of the country is driven by both luxurious living conditions and attractive investment opportunities. The rising prices of apartments in new developments in the Bahamas offer substantial gains from long-term property value appreciation.
Investing in projects still under construction often comes with flexible payment options. Developers offer various installment plans, making the purchasing process more accessible.
Popular areas for real estate purchases include:
- Nassau and Hog Island: Apartments in Nassau, the capital and largest city of the Bahamas, are considered highly promising for investment. Nearby Hog Island draws attention with its exclusive properties, luxurious resorts, and the world-renowned Atlantis hotel.
- New Providence Island: This location offers a variety of real estate options, from condominiums and townhouses to private villas and cottages in prestigious areas like Cable Beach and Lyford Cay.
- Exuma (Great Exuma and Little Exuma): Known for breathtaking views, crystal-clear water, and a tranquil atmosphere, Exuma offers both standalone homes and apartments in modern complexes.
- Abaco: This archipelago is popular among sailing and fishing enthusiasts, with many residential complexes offering comfortable apartments with excellent sea access.
Investments in off-plan apartments in Bahamas
An apartment in a new development at the off-plan stage is a popular asset among investors due to its high potential returns and steady price growth. In 2024, the average ROI for such properties is between 6–8%, with average prices up by 5.8% compared to last year.
Apartments and villas in Nassau are of particular interest. The city is known for its developed infrastructure, which includes international schools, hospitals, shopping centers, and a major airport.
Buying apartments at the construction stage brings additional benefits. Early-stage purchases allow buyers to save 10–20% compared to the market price of completed properties. This price difference provides investors with a significant profit opportunity if they sell or rent out the apartment.
Buy off-plan apartment in Bahamas
An apartment in a new development for both investment and living is a profitable venture with high-income potential. The region is renowned not only for its picturesque landscapes but also for its stable property value growth. Moreover, investors can expect significant capital gains by purchasing property at the construction stage. Detailed information on available properties and current offers can be found on the Global Properties website, which lists the best apartments and homes on the islands.