The Bahamas – A Great Place to Invest
Are you thinking about investing in Bahamas real estate?
We have put together this guide for investors considering making an investment in real estate in the Caribbean and wondering whether The Bahamas might be the best place to choose to buy property, whether that might be an individual home, condo or parcel of land.
Here we take a look at the top reasons for buying property in the The Bahamas and for investing in this breathtaking archipelago, high potential investment opportunities and the best places to invest.
7 Reasons to Invest in Bahamas Real Estate
1. Breathtakingly Beautiful
2. Tax Incentives
3. Well-Established Real Estate Market
4. Strong Tourism Sector
5. Proximity to North America
6. Unrivaled Lifestyle
7. World-Class Amenities & Infrastructure
Best Places to Invest in The Bahamas
Investment Opportunities in The Bahamas
Find Out More About Investing in The Bahamas
From its highly attractive tax environment to its world-class beaches, there are all kinds of reasons for choosing to invest in The Bahamas. Here are our top 7 reasons to invest in this idyllic archipelago.
The Bahamas comprises 700 jaw-droppingly beautiful islands and over 2,000 rocks and cays dotted like jewels across over 100,000 square miles of the sparkling turquoise Atlantic Ocean. Fringed by outstanding powder-soft white and pink sand beaches and ringed by some of the most beautiful reefs in the world, the island of The Bahamas are breathtakingly beautiful. Don’t just take our word for it. Countless publications from U.S. News and Islands Magazine to Cosmopolitan and Reader’s Digest include The Bahamas in lists of the world’s best beaches. The archipelago offers a backdrop like no other. Endless beaches, crystal clear ocean waters and unbelievable sunsets – all complimented by a year-round temperate climate. Truly the stuff dreams are made of.
Besides spectacular natural beauty, The Bahamas is a politically and economically stable independent country offering highly attractive tax incentives which are undoubtedly one of the top reasons to invest in The Bahamas for many buyers. Residents enjoy freedom from direct taxation. Thanks to the country’s tax-friendly laws, there is no personal or corporate income tax, no wealth or inheritance tax and no capital gains tax. While the government generates revenue via other forms of tax such as VAT, property taxes, stamp taxes and licence fees, overall The Bahamas is ideal for buyers looking for a low-tax lifestyle in the Caribbean.
Having long been considered one of the most appealing destinations in the Caribbean for property buyers, The Bahamas has a well-established, mature real estate market. 2019 saw a surge of interest in real estate investment in The Bahamas and a strong pipeline of new developments is set to maintain investor interest. A wide variety of investment opportunities are available in the country from affordable condos and townhouses in beachfront and waterfront residential communities to ultra-luxury estates overlooking the ocean. Best of all, an investment of $750,000 in real estate provides eligibility to apply for permanent residency in The Bahamas allowing you to live in The Bahamas. Buyers investing a minimum of $1.5 million can benefit from accelerated consideration for permanent residency via a fast-tracked process.
As one of the most popular tourism destinations in the region, each year The Bahamas hosts overseas visitors in droves. In 2019, for example, the archipelago welcomed a record 1.78 million stayover tourists despite the impact of Hurricane Dorian. While the archipelago is bracing for a decline in visitors in 2020 due to the outbreak of Coronavirus, the long-term strength of the tourism sector in The Bahamas offers significant income-generating opportunities for buyers purchasing investment property in the most sought-after areas. Rental properties can generate high levels of extra income for investors who choose to rent their homes to visitors.
Located only 50 miles off the eastern coast of Florida, The Bahamas is one of the most accessible destinations in the Caribbean for investors based in the USA and Canada. The islands are just a hop, skip and a jump from key financial centers in North, Central and South America and are located in the same time zone as Miami, New York and Toronto (EST). Short international flights link various islands in The Bahamas with multiple cities in the USA, Canada and numerous islands throughout the Caribbean, while Europe is also easily accessible via direct flights from London. There are in fact 10 airports throughout the country including Lynden Pindling International Airport in Nassau and airports in Grand Bahama, Marsh Harbour (Abaco), North Eleuthera, South Bimini, Exuma, Stella Maris in Long Island and South Andros.
Blessed with spectacular beaches and crystal clear ocean waters, the islands of The Bahamas are a dream destination for beach lovers, yachting enthusiasts and fans of all kinds of water sports. The archipelago offers an unrivaled lifestyle for lovers of life by the beach or on the water. Offering multiple full-service marinas only a short distance from Florida, The Bahamas is a superb boating and sailing destination. The waters off shore are perfect for all kinds of fishing from shore fishing to deep sea fishing as well as water sports such as kayaking, canoeing, jet skiing, kiteboarding, parasailing and snorkeling over reefs teeming with marine life.
As one of the most popular destinations in the region for honeymoons and vacations, second home ownership and retiring overseas, The Bahamas boasts world-class amenities and infrastructure offering an easy life of luxury in the sunshine. The archipelago is home to some of the world’s top oceanfront golf courses, a superb collection of restaurants, alluring destination spas and great shopping – more than enough to keep you entertained day and night. For peace of mind, The Bahamas also benefits from a well educated English-speaking workforce, world-class communications systems, a good network of airports and roads and modern medical facilities.
Summary: A World-Class Caribbean Destination
So, in summary, whether you are drawn to the breathtaking beaches or the tax benefits, the unrivalled quality of life or the well-established real estate market offering tremendous potential for very high returns, the reasons to invest in The Bahamas are many and varied.
To find out more about where to invest in the islands, explore the best places to buy property in The Bahamas.
Discover investment opportunities in The Bahamas on our website:
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7th Heaven Properties is here to help you. We have the insight and advice you need to begin investing in Bahamas real estate.
To find out more, contact 7th Heaven Properties, the Luxury Caribbean Property Specialist.
We look forward to working with you and helping you find your perfect property in The Bahamas.