On solid ground
No investment speaks more powerfully about confidence in a country and its future than an investment in real estate. And never in the history of the Bahamas has the real estate market drawn more investment, local and foreign, than now,…
No investment speaks more powerfully about confidence in a country and its future than an investment in real estate. And never in the history of the Bahamas has the real estate market drawn more investment, local and foreign, than now, when the business climate is sunny and hot and the welcome mat is out.
Property boom
Driving the boom is a combination of what the Bahamas has to offer and how limited the supply of land is.
Property is scarce, coastlines are finite and demand for the most desirable beachfront competes with supply. If property scarcity drives price, then it is what the Bahamas offers – warm climate, Caribbean location, state-of-the-art telecommunications, dependable infrastructure, a tax free environment with no income, capital gains or inheritance tax and an enviable standard of living – that drives interest.
Investor friendly legislation passed in the 1990s and the Government’s accommodating position on the granting of residency permits to non-Bahamian investors and homeowners has also made it easier for non-Bahamians to purchase real estate in the Bahamas.
The Bahamas, an archipelago of more than 700 islands, rocks and cays, promises something for everyone and the licensed real estate specialists at Bahamas Realty Limited, one of the largest and most respected real estate companies in the Bahamas, are sure to help you find it. Most international buyers want residences to offer what a vacation stay would feature.
They want to be on or near the water and close to golf, fine dining, boutiques, banks, entertainment and other outdoor activities. The brokerage division of Bahamas Realty understands this and offers a score of properties from modest condominiums and townhouse units to sprawling family estates and secluded private islands that are certain to fit the bill. Prices for these properties can range anywhere from US $300,000 dollars to multi-millions and are usually dictated by the community location and the available amenities.
Purchasing to invest
If you’re considering purchasing investment property in The Bahamas, Bahamas Realty Commercial, the exclusive affiliate in The Bahamas of CB Richard Ellis (CBRE), offers consulting services for land investment and development and can locate building sites and negotiate the sale and purchase of income bearing properties. Their property management division offers a complete management service including tenant negotiations and supervision, leasing, maintenance, budget projections, monthly or quarterly reports and, if required, annual financial statements suitable for audit purposes.
After 60 years of serving clients with integrity and professionalism, Bahamas Realty has earned a stellar reputation and boasts a number of international luxury affiliations including The Leading Real Estate Companies of the World (LeadingRE) and its fine property division – Luxury Portfolio – of which Bahamas Realty is a charter member. Bahamas Realty is also honored to be the sole Bahamian member of The Board of Regents of Who’s Who In Luxury Real Estate and the exclusive correspondent in The Bahamas of CB Richard Ellis (CBRE) the global leaders in commercial real estate services.
The real estate market in the Bahamas continues to hold its own and in many cases has continued to climb in value when housing markets elsewhere have ebbed and trembled. Property purchases do not come with guarantees anywhere, but if history serves as eyes into the future, where real estate is concerned, the Bahamas is on solid ground.
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