The Bahamas has a unique tax regime that attracts foreign investors, and the country boasts world-class shopping, spas, and golf courses. The real estate market is hot and growing. In fact, it reached an all-time high in 2021. Moreover, the country offers some of the most luxurious homes in the Caribbean.
The Bahamas’ beautiful natural setting sets the stage for the most desirable waterfront real estate in the Caribbean. It features everything from ultra-exclusive resorts to affordable condos. The country boasts of white sand beaches and sapphire blue water that make it a prime real estate destination. Many expats choose to purchase a vacation home or a second property in the Bahamas because of the country’s stable economy and tax benefits.
The capital city, Nassau, offers the most diverse selection of Bahama real estate. It offers single family homes, condominiums, townhouses, vacant land, and rental properties. You can find a luxury condo on the island’s east end for as low as US$14 million. There are also a wide variety of affordable properties in other cities and towns.
Despite the recent economic recession, the Bahama property market is showing signs of a comeback. A new cruise port and the construction of a new medical school has boosted property values. This will eventually make the country more desirable for investors and buyers. Besides attracting new investment, the government is also encouraging the development of infrastructure projects.
After the global financial crisis, property prices in the Bahamas fell 20% or more. In some areas, the decline was as much as 60%. However, the housing market has been steadily stabilizing since hurricane Dorian. This has helped restore the economy, and luxury homes are now among the most sought-after real estate in the Bahamas.
The Bahamas has many advantages, including no income or inheritance tax, and no capital gains tax. Bahama real estate The country is a popular tourist destination, with significant improvements in infrastructure, transportation, and technology. With its close proximity to the US, the Bahamas’ economy is considered stable. The Caribbean climate and favorable exchange rates have also helped the Bahamas attract investors from all over the world.
Whether you’re looking for vacation homes, a permanent home, or an investment, you can find the perfect property in The Bahamas by ensuring that the right agent is representing you. Members of the Bahamas Real Estate Association have passed rigorous courses and exams to become members of the association. In addition, they follow a strict code of conduct. Many of them hold higher certifications in the luxury market, which are awarded to less than 5% of real estate agents worldwide.