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HG Christie LtdThe Global Properties website has an extensive database of more than 5 ads with up-to-date characteristics, photos, and house prices in The Bahamas. Follow these instructions to customize your search:
- Use the advanced filters. The search engine of the aggregator offers many settings that allow you to select properties with suitable prices, area, number of rooms and floors, furnishings, amenities, and stage of construction.
- Rank your search results. You can sort listings in ascending or descending order of value, as well as by publication date, size, and more.
- Carefully read the information about the property you like.
- Contact the seller by phone or personal messages. Contacts of the agency or developer are given in each ad.
- Minimum cost of villas in The Bahamas: $277500
- Maximum value: $55 million.
- Minimum floor area: 126.6 sq. m.
- Maximum area: 3,804 sq. m.
Adult foreigners with no criminal record can obtain a residence permit for the purchase of property in The Bahamas. The minimum investment amount for application is approved by the head of the Ministry of Financial Services, Trade, Industry, and Migration individually for each foreign buyer.
The villa prices in The Bahamas will only affect the speed of processing. It takes from 21 days for the state migration authority to make a decision. There is an accelerated program for issuing a residence permit, but the exact amount of investment to participate in it is not fixed. In official sources, it varies from $500,000 to $1.5 million.
To retain the status of a resident, a foreigner must stay on the territory of the state. A residence permit may 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 The Bahamas
The archipelago has a vibrant real estate market with a wide range of housing from luxury beachfront villas for sale in The Bahamas to small houses in residential areas. The government encourages foreign investment. There are no restrictions on foreign buyers in local legislation. The only condition imposed by the Law on Land Ownership by International Persons is that property purchased by foreigners must not exceed 5 acres and be used for commercial purposes. To circumvent this prohibition, special permission from the government is required.
To buy a villa in The Bahamas, a foreigner needs to find an option that meets his needs, put forward a proposal to the seller, come to a consensus in negotiations, sign a contract of sale, pay the cost of real estate, and register ownership. It is wise to hire a local attorney to help understand the legal issues and ensure the transaction goes smoothly, as well as inspectors and surveyors willing to conduct an engineering inspection of the property.
When planning a budget for buying a house for sale in The Bahamas, additional costs and taxes should not be forgotten. The buyer must pay stamp duty on the transfer of property, legal fees, and estate agent's commission.
Reasons for investing in house in The Bahamas
Houses and apartments in The Bahamas are in high demand among buyers and renters, providing owners with long-term capital appreciation and stable rental income. Home prices in the State are on average 37% higher than in other parts of the Caribbean region. The capital city of Nassau and Paradise Island are among the best locations for investment. In April 2024, the average value of local real estate increased by 45.4% year-over-year.
The main reasons for the high buyer and rental demand for villas and houses in The Bahamas include:
- The pleasant climate. The country has developed a tropical maritime climate that provides warm weather and plenty of sunny days. The temperature remains relatively stable, so many vacationers come here to escape the cold winters and sweltering summers.
- A wide selection of houses. The local market offers a wide range of housing, so everyone can find a villa for sale in The Bahamas to suit their needs. There are small traditional style houses, townhouses set amidst lush greenery, and modern villas with sea views and personalized amenities such as swimming pools and gardens.
- Convenient location and developed tourism sector. The country is located in close proximity to the United States, as well as the main financial centers of Latin and North America. The location of the archipelago makes it one of the most popular resort destinations in the world. First-class amenities, landscaped beaches and iconic landmarks such as Fort Charlotte and Dean's Blue Hole attract tourists and water sports enthusiasts.
- Rich historical heritage. The Bahamas is not just about sandy beaches and azure waters, but a mix of diverse cultures that influence the local architecture. Many homes are designed in the Bahamian style, with pastel-colored facades, shutters, and spacious verandas. However, African, British, Spanish, and American influences can be seen in small details.
- A thriving immigrant community. Moving or buying a second home in a new country is a daunting task. However, there is a thriving expatriate community here, which makes the adjustment process smoother. Numerous groups and clubs allow expatriates to make friends and receive support.
- Stable economy and stable political climate. The state has a stable and developing economy based on tourism and offshore banking. It also has an established democratic system. These factors attract investors as they reduce the risk of economic and political impact on income from an investment villa in The Bahamas.
- Attractive tax system. Bahamas villas attract buyers with the absence of capital gains tax and low property tax rate. The country also has no inheritance tax, so housing is passed on to future generations at no extra cost.
Buying houses in The Bahamas
Global Properties is an online platform with a wide range of villas in The Bahamas for investment and living, commercial properties, and land plots, daily updated with listings from reliable agencies and developers. To simplify and speed up the process of selecting and buying real estate, it offers a convenient search engine with filters, sorting function, interactive map, and other tools. The converter allows you to view prices in different currencies. Pick up your dream home and appreciate the convenience of the aggregator today.