If you’re interested in buying or selling a property in The Bahamas, you should contact a real estate agent. There are several real estate offices on the island, including Coldwell Banker Lightbourn Realty, which has an office on Harbour Island. They’re located at Dunmore & Crown Sts.
If you’re interested in purchasing a Bahamas property, make sure you understand the government’s stamp tax rate. It can range from 4% to 10% depending on the property value. You’ll also need to consider attorney fees. Depending on the price of the property, these fees can add up to almost 25 percent of the net purchase price.
In The Bahamas, real estate sales are likely to increase in the coming years. The Baha Mar Resort and Casino, a $3.5 billion mega-resort, is expected to boost the real estate market in the area. The homes for sale in this area are mainly middle-class homes. Coldwell Banker Lightbourn Realty has agents on most islands. They also have offices on Spanish Wells and Long Island.
Foreign buyers who intend to sell or rent out their Bahamas property must obtain a government permit. This is necessary if the property is worth more than two acres, or if it is to be let out or developed. However, foreign buyers who don’t need a permit are still required to register their investment with the Foreign Investment Board and Central Bank of The Bahamas. This is so that they can take the net proceeds from the sale in the currency of their original investment.
Foreign investors in The Bahamas can purchase prime real estate in prime locations. Some properties are worth more than two million dollars. The Bahamas has a reputation for having the world’s best beaches and tropical climate. The Bahamas is also easy to access via air, making it an appealing investment for many US citizens. In fact, the Bahamas is only three and a half hours away from Miami and three and a half hours from New York City.
James McLaughlin is an experienced real estate broker who has lived and worked in the Bahamas for over 30 years. He has experience in hospitality, tourism, smart development and luxury second home real estate. He holds a Bachelor of Arts in International Management from Florida Southern College and studied French at the Universite de Reims Champagne-Ardenne in France. He has held top management positions in several resort properties in The Bahamas and the southern United States.
Bahamas Property offers a plethora of real estate options, from single family homes to condominiums and town houses. harbor island bahamas real estate There’s also a wide variety of rental property and vacant land.