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HG Christie LtdThe Global Properties website offers a comprehensive database of more than 4 listings with detailed descriptions, photos, and house prices in New Providence. To streamline your search, follow these steps:
- Use the advanced filters. The search engine provides various settings to help you find properties that match your desired price range, size, number of rooms and floors, furnishings, amenities, and construction stage.
- Sort your search results. You can arrange listings by price, publication date, size, and other criteria.
- Thoroughly review the information about the properties that interest you.
- Contact the seller directly via phone or personal messages. Each listing includes contact details for the agency or developer.
- Minimum cost of a villa in New Providence: $277500
- Maximum value: $55 million.
- Minimum floor area : 126.6 sq. m.
- Maximum area: 4,000 sq. m.
Foreign adults with a clean criminal record can obtain a residence permit by purchasing property in The Bahamas. 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 decision from the state migration authority takes about 21 days. There is an expedited program for issuing a residence permit, but the 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. There are no age restrictions for family members participating in the program.
Houses for sale in New Providence
New Providence, the most populous island in The Bahamas, offers a diverse and dynamic real estate market. Known for its vibrant culture, beautiful beaches, and bustling capital city, Nassau, New Providence attracts both local and international buyers looking for a slice of paradise.
The island's appeal lies in its combination of urban amenities and natural beauty, making it a prime location for both permanent residents and vacation homeowners.
In recent years, the demand for villas and houses in New Providence has surged, driven by the island's economic stability and the government's favorable policies towards foreign investors. The market offers a variety of options, including beachfront properties, gated communities, and homes in suburban neighborhoods. Prices vary significantly based on location, size, and amenities, providing opportunities for buyers with different budgets.
Choosing a house for sale in New Providence as a foreigner is a straightforward process, thanks to the Bahamian government's welcoming stance towards international buyers. Foreigners can buy a villa in New Providence without any restrictions. However, for properties over 5 acres or for commercial developments, government approval is required.
Local banks offer mortgage options to foreign buyers, although the terms may differ from those available to residents. It's advisable to consult with a local financial advisor to understand the best financing options. The Bahamas has no capital gains tax, inheritance tax, or income tax, making it an attractive destination for property investment. However, buyers should be aware of the stamp duty, which is a one-time tax on property transactions, typically shared between the buyer and seller.
Purchasing houses in The Bahamas can also provide a pathway to residency. The government offers a permanent residency program for foreign buyers who invest a minimum amount in real estate, making it an appealing option for those looking to relocate.
Overall, New Providence offers a robust real estate market with a range of opportunities for buyers. Whether you're looking for a vacation home, an investment property, or a permanent residence, New Providence has something to offer.
Reasons for investing in house in New Providence
Buying an investment villa in New Providence presents a multitude of advantages that make it an attractive option for both local and international buyers. Here are some key reasons to consider:
Firstly, the island's economic stability, coupled with the government's favorable policies towards foreign investors, ensures a secure investment environment. The demand for villas for sale in New Providence, especially in prime locations like Nassau, continues to rise, promising potential appreciation in property values.
Secondly, the island offers a high quality of life. With its stunning beaches, vibrant culture, and modern amenities, New Providence provides an idyllic setting for both living and vacationing. The island's infrastructure, including healthcare, education, and entertainment, is well-developed, making it a comfortable place to reside.
Thirdly, the tax benefits are significant. The Bahamas has no capital gains tax, inheritance tax, or income tax, which can result in substantial savings for property owners. Additionally, the stamp duty on property transactions is relatively low compared to other countries.
Lastly, investing in a villa for sale in New Providence can be a gateway to residency. The Bahamian government offers a permanent residency program for foreign buyers who invest a minimum amount in real estate, providing an attractive option for those looking to relocate or secure a second home.
Buying houses in New Providence
Buying houses on the island offers a unique opportunity for both local and international buyers. With a diverse range of properties, from apartments in The Bahamas to luxurious villas in New Providence for investment and living, the island caters to various preferences and budgets. Villa prices in New Providence vary based on location and amenities, making it essential to work with experts. Global Properties provides comprehensive listings and expert guidance to help you find the perfect property in this tropical paradise.