Overview – The Bahamas Real Estate Market
Comprised of hundreds of islands, rocks and reefs sprinkled like jewels in the turquoise sea from South Florida almost down to the Turks and Caicos Islands and the Dominican Republic, The Bahamas is a breathtakingly beautiful destination. Countless pink and white sand beaches and crystal clear sea entice over 1.3 million tourists to visit each year. Besides the beaches and sea, the tax benefits, high standard of living and proximity to the USA have made Bahamas real estate a popular choice for second home buyers too. As the third richest country in the Americas in terms of GDP per capita (after the USA and Canada) with a tradition of parliamentary democracy stretching back nearly 300 years The Bahamas is considered by many to be an attractive and stable property investment location.
Property for sale in The Bahamas includes some of the finest real estate in the Caribbean, including spectacular waterfront homes, private islands for sale and luxurious condos in beachfront resorts. As specialists in luxury Caribbean property, we can introduce you to the finest residential property, land for sale and commercial real estate in The Bahamas, including Abaco, Eleuthera, Grand Bahamas, Long Island, Nassau and Paradise Island, Rum Cay, The Berry Islands and the Exumas. Our agents on the ground in The Bahamas offer unrivalled local insight into the real estate market and the most desirable investment opportunities.
Discover Abaco – Read our Guide to Abaco Real Estate.
Discover Albany – Read our Guide to Albany Real Estate.
Discover Andros – Read our Guide to Andros Real Estate.
Discover Berry Islands – Read our Guide to Berry Islands Real Estate.
Discover Bimini – Read our Guide to Bimini Real Estate.
Discover Cable Beach – Read our Guide to Cable Beach Real Estate.
Discover Cat Island – Read our Guide to Cat Island Real Estate.
Discover Elbow Cay – Read our Guide to Elbow Cay Real Estate.
Eleuthera & Harbour Island
Discover Eleuthera & Harbour Island – Read our Guide to Eleuthera Real Estate & Harbour Island Real Estate.
Discover Exumas – Read our Guide to Exumas Real Estate.
Discover Grand Bahama – Read our Guide to Grand Bahama Real Estate.
Discover Kamalame Cay – Read our Guide to Kamalame Cay Real Estate.
Discover Long Island – Read our Guide to Long Island Real Estate.
Discover Lyford Cay – Read our Guide to Lyford Cay Real Estate.
Nassau & New Providence
Discover Nassau & New Providence – Read our Guide to Nassau Real Estate & New Providence Real Estate.
Old Fort Bay
Discover Old Fort Bay – Read our Guide to Old Fort Bay Real Estate.
Discover Paradise Island – Read our Guide to Paradise Island Real Estate.
Discover Rose Island – Read our Guide to Rose Island Real Estate.
Discover Rum Cay – Read our Guide to Rum Cay Real Estate.
Discover San Salvador – Read our Guide to San Salvador Real Estate.
Discover Treasure Cay – Read our Guide to Treasure Cay Real Estate.
How to Buy Property in The Bahamas
There are no restrictions on foreign buyers purchasing real estate in The Bahamas. Unlike other locations in the Caribbean, a license or permit is not required, except for purchases of over 5 acres of land.
Once you have made an offer on a property and that offer has been accepted, we would recommend that you seek advice from an attorney. A sales contract will be drawn up and, once agreed and signed, you will need to pay a 10% deposit.
To purchase real estate in The Bahamas, buyers are required to pay a Government Stamp Tax (transfer tax) which varies as follows according to the value of the property:
- Up to $20,000: 4%
- $20,001 to $50,000: 6%
- $50,001 to $100,000: 8%
- $100,001 upwards: 10%
Payment of the Stamp Tax is normally split equally between buyer and seller.
An Annual Real Property Tax is also payable on owner-occupied residential properties, calculated according to the most recent selling price:
- Up to $250,000: 0%
- $250,000 to $500,000: 0.75%
- $500,000 upwards: 1%
- Maximum Annual Real Property Tax p.a.: $50,000
Through an investment of at least $500,000 in real estate in The Bahamas foreign buyers can apply for a Permanent Residence Permit, which can offer significant tax benefits. Buyers of homes of over $1,500,000 are offered accelerated consideration.
Mortgages in Bahamas
Looking for financing to fund the purchase of property in the Caribbean?
Contrary to popular misconception, it is possible for foreign nationals looking to invest in Bahamas real estate to apply for a mortgage.
Our partner – a very well respected international financial organization – offers mortgages for qualifying non-residents buying, building or improving a second home in The Bahamas.
For more information, see our page on: Caribbean mortgages.
Bahamas – Land for Sale
Purchasing a lot of land provides you with a blank canvas and the opportunity to build your dream home in The Bahamas.
Whether you are looking for beachfront land or a centrally located plot, we offer various lots of land for sale in The Bahamas.
For larger parcels of land for commercial development, please see our commercial real estate listings.
Saving on Your Purchase
You could save money when investing in Bahamas real estate by using a foreign exchange expert to get the best rate for your property purchase. We have partnered with Halo Financial, a specialist in foreign exchange, to help you get the best exchange rates when making one-off or regular international payments for a property purchase in The Bahamas. To see how you could save money, read more: Foreign Exchange.
There are regular direct flights to The Bahamas from the USA, Canada, the UK and various other parts of the Caribbean, such as Jamaica.
Most international flights arrive at the airport in Nassau’s Lynden Pindling International Airport.
From North America you can fly direct from cities including Atlanta, Cincinnati, Charlotte, Fort Lauderdale, Miami, New York, Toronto and Orlando to Nassau.
There are also direct flight from the USA to the Abacos, Andros, Eleuthera, Exuma and Grand Bahama.
Alternatively fly to the Bahamas by private plane or arrive by private boat.