The real estate market in the Bahamas is relatively mature and the tax structure is low. As a result, the real estate process is transparent and secure. Before buying a property, the buyer’s attorney must check the property’s title to determine the legitimacy of the title. In addition, the vendor must ensure that the property’s history is accurate.
For those seeking luxury real estate in the Bahamas, Lyford Cay may be the ideal location. This gated enclave is the most sought-after property in the islands. It has played host to international business tycoons, film stars, and novelists. During the early days of the Bahamas, the British monarch, King George III, gave Lyford Jr. a grant of 448 acres. It included Lyford Cay and a portion of land across a channel to the mainland. In time, the channel was filled with sand and Lyford Cay became part of the main island of New Providence.
Real estate in The Bahamas is regulated by a government that enforces laws to protect the buyer. Non-Bahamians can purchase property and enjoy tax advantages. Besides, the weather is near-perfect year-round. You can even participate in many outdoor activities without having to pay high taxes. lyford cay real estate To get a good deal on property, it’s helpful to understand the tax laws in The Bahamas.
The Bahamas is an excellent choice for vacations, business, and investment. It is an island nation with an investor-friendly tax system and beautiful beaches. The Bahamas offers luxury homes and world-class golf courses, spas, and shopping. Whether you choose to rent or buy a property, you’ll find everything you need right in one place.
Real estate in The Bahamas is available on numerous islands, cays, and islets. You can choose a prime island near lively hubs or a less populated, virgin island. As a result, you’ll have access to world-class amenities while still enjoying the secluded, less-populated environment. In addition, many private islands can be developed with infrastructure that is compatible with superyachts.
The Bahamas welcomes non-Bahamians’ investment, and has passed a number of policy documents to encourage foreign investment in Bahamian real estate. For example, the International Land Holdings Act 1993 is a new law that makes it easier for non-Bahamians to purchase Bahamian property. Non-Bahamians must register with the Central Bank and Investments Board, and the registration fee ranges between $25 and $100.
There are many exciting investment opportunities in the Bahamas, as well as strong rental yields. Despite the recent global economic downturn, the Bahamas is now experiencing a resurgence in terms of real estate and tourism. Once reserved for the very wealthy, the Bahamas is now accessible to people of all income levels and financial backgrounds.
The Bahamas Real Estate Fund is led by Larry Roberts, a long-time real estate industry professional with over 50 years of experience. He is a licensed broker, Past President of the Bahamas Real Estate Association, and a member of the Society of Industrial and Office Realtors. His expertise is in negotiating the sale and leasing of commercial properties.