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HG Christie LtdGlobal Properties features more than 12 listings with up-to-date characteristics, photos, and apartment prices in New Providence, The Bahamas. Finding the right property is easy:
- Use the filters to select the desired parameters of the apartment such as the number of rooms, area, furnishings, amenities, and construction stage of the complex.
- Sort the search results according to your preferences, such as descending/increasing price, date of publication, or area.
- Contact the seller directly through the provided contacts of agencies and developers in the listings.
- Minimum cost of apartments in New Providence: $395000
- Maximum value: $22.9 million.
- Minimum size: 48.6 sq. m.
- Maximum area: 1,890 sq. m.
Investing in the economy and/or real estate in The Bahamas allows eligible adult foreigners without a criminal record to obtain a residence permit. The specific minimum investment amount is not specified in the state's legislation and requires approval from the head of the Ministry of Financial Services, Trade, Industry, and Migration. The processing time for the necessary documents is at least 21 days. According to official sources, the amount required to obtain resident status through the accelerated scheme ranges from $500,000 to 1.5 million. It is important to emphasize that maintaining resident status requires staying within the country's territory. Additionally, investors have the option to apply for permanent residence for financially dependent family members who live with them, and there are no age restrictions for eligible relatives.
Apartments in New Providence
New Providence, the most densely populated island in The Bahamas, presents an impressive array of apartments to suit different preferences and financial capacities. From cozy studios and roomy family apartments to lavish beachfront condos, New Providence caters to a diverse clientele.
The apartments on the island are renowned for their contemporary amenities, breathtaking vistas, and convenient proximity to essential services. The real estate scene here is lively, featuring everything from brand-new constructions to well-preserved older buildings. Many of the apartments boast features such as swimming pools, fitness centers, and round-the-clock security, ensuring residents enjoy both comfort and peace of mind.
The options of flats in New Providence are vast. Prospective tenants or buyers can uncover everything from budget-friendly one-bedroom flats to expansive multi-bedroom penthouses. The price spectrum is equally varied, and the sizes of these apartments differ greatly, with smaller units measuring approximately 48 sq. m and the largest reaching up to 1,890 sq. m.
This dynamic real estate market appeals to both local and international buyers. One significant draw is the opportunity to secure a residence permit via property investment. It's vital for investors to remember that maintaining resident status necessitates staying within the country periodically. Moreover, permanent residence can be extended to financially dependent family members, with no age restrictions applied to the relatives.
In essence, New Providence combines modern living, scenic beauty, and lucrative investment prospects. Whether you're aiming to relocate, invest, or seek a holiday home, the island's apartment market offers an abundance of choices worth exploring.
Reasons for investing in an apartment in New Providence
Buying apartments in New Providence for investment offers a promising opportunity for both experienced and novice real estate investors. Here are several reasons why this island stands out as an attractive investment destination:
- Vibrant rental market: New Providence's status as a major tourist hotspot, combined with its expanding expatriate community, has created a robust rental market. The high demand for rental properties translates to stable rental income for investors. Recent data shows that rental yields in prime areas range between 5% and 7% annually, making it an appealing option for generating passive income.
- Capital appreciation: Property values on the island have consistently risen, averaging annual increases of 3% to 5%. This upward trend is expected to persist, fueled by ongoing infrastructure projects and the island’s allure as a high-end destination.
- Tax advantages: The Bahamas' favorable tax environment greatly benefits property investors, with no capital gains taxes, income taxes, or inheritance taxes. These conditions significantly boost the return on investment.
- Residency opportunities: Purchasing apartments in The Bahamas can open the door to obtaining a residence permit, adding another layer of attractiveness to property investment in this locale.
- Diverse property choices: New Providence offers a extensive variety of apartment options, from modest, affordable units to luxurious beachfront condos. This diversity allows investors to select properties that match their financial objectives and investment strategies.
- Tourism expansion: The Bahamas, particularly New Providence, remains a top international tourist destination, welcoming millions of visitors each year. The thriving tourism industry ensures a continuous demand for short-term rental properties, providing investors with opportunities for high occupancy rates and premium rental income.
Buying apartments in New Providence
Purchasing an apartment in New Providence, The Bahamas, is an excellent investment opportunity. For those interested in exploring available options, Global Properties is a reliable source for finding the perfect property. Whether you're looking for houses in The Bahamas or a specific apartment in New Providence, The Bahamas, this platform provides comprehensive listings and expert guidance to help you make an informed decision.