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HG Christie LtdThe Global Properties website offers over 25 listings from various developers and real estate agencies for those looking to buy off-plan property in the Bahamas. The site includes the following tools:
- An advanced search filter and sorting options to easily select the right property.
- Quick links to popular categories like "seaside homes" or "waterfront properties."
- An integrated currency converter, allowing you to view prices in rubles, U.S. dollars, euros, and Bahamian dollars.
- The average price of off-plan in the Bahamas starts at $585,000.
- Minimum prices begin at $4500000.
- The most expensive properties can reach up to $30 million.
The process of obtaining a residence permit through property investment involves several standard steps:
- Selecting and purchasing a property. A minimum investment of $500,000 is required; however, investing $1,500,000 is recommended for faster application processing.
- Submitting an application to the Bahamas Immigration Department after purchasing the property.
- Providing necessary documents, including proof of investment, passport, birth certificate, criminal record check, and medical report.
- Application review, which can take from several weeks to several months.
- Granting of permanent residency if the application is approved.
Benefits of permanent residency in the Bahamas:
- The chance to move to a country with a stable economy, reliable legal system, and warm climate.
- Significant tax benefits, including no income or inheritance taxes.
- Family benefits. Investors can include family members in the application.
- Citizenship opportunities. After 10 years, you may apply for a Bahamian passport, which grants visa-free access to 155 countries, including China, Japan, France, Germany, and the United Kingdom.
Off-plan properties in Bahamas
With growing interest from expatriates and investors, new construction projects are rising.
In Nassau, the nation’s capital, modern high-rise complexes with a wide range of amenities are being built at a rapid pace. Property in Nassau includes cozy apartments and luxurious residences, and the city's developed infrastructure makes it an excellent relocation destination, with shops, restaurants, and beaches nearby.
New off-plan property for investment in the Bahamas or personal use often features modern fitness and leisure centers, pools, and landscaped parks, making them attractive not only for rental income but also for personal use.
Purchasing property in the Bahamas is straightforward. It is important to carefully check the reliability of the developer and contract terms, paying attention to the completion timeline and any potential additional costs. Most agencies offer legal support and investment consultations, making the purchasing process easier.
Off-plan properties by developers in Bahamas for investment
Real estate in under-construction complexes and off-plan developers in Bahamas attract investors with high potential returns and stable market growth. In 2024, the average ROI for local properties stands at 6-8%. Average housing prices have risen by 5.8% year-over-year, reflecting high demand and economic stability.
Apartments in Nassau, the Bahamian capital, are particularly attractive investment options. The city boasts developed infrastructure, including international schools, hospitals, shopping centers, and a major airport.
Investing in properties at the construction stage offers a significant advantage, as early-stage purchases can be 10-20% below market price. This price gap provides investors with substantial profit potential upon resale or rental.
Thus, apartments and homes in the Bahamas, especially those under construction, are appealing investments due to their high ROI and steady price appreciation.
New off-plan projects in Bahamas
Properties sold directly by developers provide a unique opportunity for significant savings and choice among top options. Apartments and villas in Nassau, where new residential developments are actively emerging, are especially popular.
The Global Properties website offers an extensive catalog of under-construction properties, providing detailed descriptions, floor plans, and options to select the most attractive offerings.
Purchasing property during the construction phase is a smart investment. This approach reduces costs and allows for customization options for your future home.