Most Bahamas Real Estate investors fall in love with the islands before they even land – looking down from the plane is spellbinding. But like any great love at first sight, there may come a time when you want to know where the relationship is heading.
That’s why Taylor White of the popular Overseas Property Insider Podcast invited John Christie, VP of HG Christie to bust some Bahamas investment myths and offer invaluable Bahamas Real Estate insights.
John Christies’ Top 6 Bahamas Real Estate Insights:
Adapted from the full Overseas Property Insider Podcast podcast.
1. You Don’t Have to be a Billionaire to buy Real Estate in The Bahamas!
Bahamas Real Estate runs the gamut from $50 million private islands to $25k sea-to-sea view lots on Eleuthera to $10k subdivision lots in the beautiful Exumas.
2. Get Permanent Residency in The Bahamas with Investments of 500k+
A very attractive option for investors looking to benefit from the Tax Domicile nature of The Bahamas. The Bahamas has no income tax or capital gain tax.
3. The Bahamas is ranked World’s No1 Tax Domicile
Bradley Hackford, specialists in worldwide immigration for physical and tax residency, ranks The Bahamas no1 least taxed country of 2014. Criteria include rate of tax, quality of life, legal & physical security, geographic location amongst others.
4. Proximity to US is a Top Selling Point
The Bahamas is an international hub with direct flights from major cities around the world. Investors can enjoy the island life just a 3hour flight from Toronto or 2.5 hours from NYC.
5. 500 million+ Visitors Per Year!
The Bahamas is a top tourist destination. The no 1 spot is the Atlantis resort on Paradise Island. This will soon be rivalled by the opening of Baha Mar in the spring, the $3 billion resort coined as the Bahamian Riviera. Baha Mar is offering attractive investment opportunities in its residences with 5-7% ROI and opportunity for Permanent Residency.
6. Bahamas Real Estate Market on the Upswing!
The Bahamas Real Estate market generally lags 2 years behind the US market and right now the Florida market is booming. Popular real estate investments in New Providence include the luxury lifestyle haven of Albany, residences at Baha Mar, Ocean Club Estates on Paradise Island and the hot, new condo development of Cliffs at Cable Beach.
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Written by David Lee.