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HG Christie LtdThe Global Properties website offers a comprehensive database of more than 4 listings featuring detailed descriptions, photos, and house prices in Nassau, The Bahamas. To streamline your search, follow these steps:
- Use the advanced filters. The search engine provides numerous settings to help you find properties that match your desired price range, area, number of rooms and floors, furnishings, amenities, and construction stage.
- Sort your search results. You can arrange listings in ascending or descending order based on price, publication date, size, and other criteria.
- Thoroughly review the information about the properties that interest you.
- Contact the seller via phone or personal messages. Each listing includes contact details for the agency or developer.
- Minimum cost of a villa in Nassau: $277500
- Maximum value: $39.5 million.
- Minimum floor area: 126.6 sq. m.
- Maximum area: 6,000 sq. m.
Foreign adults with a clean criminal record can obtain a residence permit by purchasing a villa for sale in Nassau. The minimum investment amount required for application is determined individually by the head of the Ministry of Financial Services, Trade, Industry, and Migration for each foreign buyer. The price of the villa will influence the processing speed. The state migration authority typically makes a decision within 21 days. There is an expedited program for issuing a residence permit, but the exact investment amount required for participation varies between $500,000 and $1.5 million according to official sources. To maintain resident status, the foreigner must reside in the country. A residence permit can also be issued for financially dependent relatives living with the main applicant, with no age restrictions for family members participating in the program.
Houses for sale in Nassau
The real estate market in Nassau, The Bahamas, is vibrant and diverse, offering a range of properties from luxurious beachfront villas to more modest inland homes. As the capital city, Nassau is a prime location for both investors and those looking to relocate to a tropical paradise. The market has shown resilience and growth, with property values steadily increasing due to high demand and limited supply.
In 2024, the average villa prices in Nassau vary significantly based on location and property type. Luxury properties, especially those on Paradise Island and other prime waterfront locations, command premium costs.
Buying property in The Bahamas as a foreigner is relatively straightforward. The Bahamian government encourages foreign investment, and there are no restrictions on foreign property ownership. However, potential buyers should be aware of the additional costs involved, such as legal fees, stamp duty, and value-added tax (VAT). Engaging a local real estate agent can be beneficial in navigating these aspects and ensuring a smooth transaction.
For those considering residency, the decision to buy a villa in Nassau can be a pathway to obtaining a residence permit. The minimum investment required for residency is determined on a case-by-case basis, but generally, properties valued at $500,000 or more can expedite the process.
Overall, villas and houses in Nassau offer a blend of investment potential and lifestyle benefits. With its stunning beaches, vibrant culture, and favorable investment climate, the city continues to be a sought-after destination for property buyers worldwide.
Reasons for investing in house in Nassau
Investing in houses in The Bahamas, particularly in Nassau, offers numerous compelling reasons for both seasoned investors and newcomers to the real estate market.
One of the primary reasons to consider an investment villa in Nassau is the potential for significant returns. The local real estate market has shown consistent growth, with property values steadily increasing due to high demand and limited supply. For instance, in February 2024, Nassau and Paradise Island witnessed a record-high monthly 88 new home listings, more than double the figure from February 2023, indicating a robust and active market.
Another advantage of investing in villas for sale in Nassau is the favorable tax environment. The Bahamas does not impose capital gains tax, inheritance tax, or income tax on property owners, making it an ideal location for those looking to maximize their investment returns.
The lifestyle benefits of owning a villa in this place cannot be overstated. The city offers a unique blend of modern amenities and natural beauty, with pristine beaches, world-class dining, and a vibrant cultural scene. For those seeking a second home or a vacation property, Nassau provides an unparalleled quality of life.
One more compelling reason to invest in these houses is the thriving tourism industry. Nassau is a major tourist hub, attracting millions of visitors each year. This influx of tourists creates a strong demand for rental properties, providing investors with the opportunity to generate substantial rental income. Last year The Bahamas welcomed over 7 million visitors, with Nassau being a primary destination, highlighting the potential for high occupancy rates and profitable rental yields.
Buying houses in Nassau
Buying houses in Nassau offers a unique blend of investment potential and lifestyle benefits. Whether you're looking for apartments in The Bahamas or villas in Nassau for investment, the market is ripe with opportunities. Global Properties features an extensive range of properties, and if you're looking for a house for sale in Nassau, you'll find options suitable for both investors and those seeking a second home. With no restrictions on foreign ownership and a simple purchasing process, Nassau stands out as an ideal location for real estate investment.