If you’re looking for real estate in The Bahamas, you’ve come to the right place. The Bahamas Property Group is your one-stop real estate shop. They have years of experience in the Bahamas real estate market, and they will provide you with the most pertinent information possible. Whether you’re looking for an affordable vacation home or an investment property, Bahamas Property Group will provide you with the information you need.
The Bahamas has a well-established real estate market and a low tax structure. The process of buying property is simple and secure. For example, a buyer’s attorney will check to make sure the property’s title is legitimate. Missing abstracts can make a property less marketable. It’s also the vendor’s responsibility to make sure the property’s history is accurate.
The average transactional cost of purchasing Bahamas property is fifteen to twenty percent of the net price. The transactional costs include taxes on the conveyance, legal fees, and real estate agent commissions. The Bahamas government has also implemented Value Added Tax (VAT), a 7.5 percent tax on all transactions that take place on the island.
Another option for buying Bahamas property is a Direct Sandy Beachfront property. This home has 120′ of oceanfrontage and a 15,969 square foot lot. It is owned by a US national and has a stamped conveyance and registered deed. The property includes two 20×20 Cyprus Log Homes on eight-foot stilts, with cathedral ceilings and post and beam construction. A septic system is also included.
A second island with great weather is Eleuthera, which is an island with an active fishing community. There are a variety of properties available, including town houses, villas, and ocean-side homes. If you want a quiet vacation home on the island, you may want to look at properties in Harbour Island.
Eleuthera Island has a special charm that makes it one of the most popular islands in the Bahamas. Its rolling countryside and white sand beaches attract the rich and famous. Eleuthera real estate prices, especially on Harbour Island, have skyrocketed. If you are looking for a luxury home in Eleuthera, consider speaking with Lightbourn Realty, which has offices on the mainland as well as the satellite cays.
The Bahamas property market offers investors an attractive investment opportunity. The island’s tax-free status makes it an attractive choice for investors and business executives alike. With 310 days of sunshine per year and perfect weather, The Bahamas is one of the top destinations for holidaying and investing. This country also has an established expat community.
The government of The Bahamas has laid down guidelines for non-Bahamians to establish residency. harbour island real estate There are two types of residency, one of which gives the resident the right to work in the Bahamas and the right to live permanently. Both require a minimum investment of $500,000.