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Frequently Asked Questions
Can foreigners buy property in The Bahamas?
Yes, foreigners can buy property in The Bahamas and the Government of The Bahamas welcomes investment from overseas buyers. There are no restrictions on foreign buyers acquiring real estate in The Bahamas, and foreign buyers enjoy the same rights as Bahamian citizens, including the right to purchase beachfront land. Unlike other destinations in the Caribbean, a license or permit is not required, except for buyers purchasing over 2 acres, purchasing with the intent to rent out the property, or purchasing for commercial development. As an independent nation with a stable political environment, The Bahamas offers secure property ownership, and permanent residency is available to qualifying applicants investing at least US $1 million in real estate.
What are the best areas to buy property in The Bahamas?
The ultra-exclusive gated communities of Lyford Cay, Old Fort Bay, and Albany represent the pinnacle of luxury living. With its beach and marina, Palm Cay offers a sophisticated lifestyle for boating lovers. Paradise Island features luxury estates and apartments with resort-style amenities, while Cable Beach offers contemporary condos steps from Nassau’s most popular stretch of sand. For those seeking tranquil Out Island living, the Abaco Islands, Grand Bahama, Eleuthera and Harbour Island, and the pristine Exumas provide stunning natural beauty and peaceful island life away from the hustle and bustle of Nassau and New Providence.
What’s the average price for Bahamas real estate?
The Bahamas real estate market offers options across a wide price spectrum. Entry-level condos range from US $100,000 to $200,000, while newer condos typically range from $300,000 to $400,000, with luxury condos reaching $700,000 to $10 million at the top end. Entry-level homes and beach cottages start from around US $300,000, with family homes ranging from $400,000 to $500,000. Smaller waterfront and canal-front properties begin around $600,000, while luxury beachfront estates can range from $1 million to $20 million for the most exclusive properties in prestigious communities.
Is Bahamas real estate a good investment?
The Bahamas offers exceptional investment potential as an independent island nation with no taxes on income, inheritance, gifts, or capital gains, making it highly attractive for international investors. The archipelago’s proximity to the United States (just 55 miles from Miami), huge tourism market, and stunning natural beauty drive strong rental demand and property appreciation. With over 3,000 islands spread across 100,000 square miles of crystal-clear waters, world-class diving and fishing, and exquisite white and pink sand beaches, The Bahamas provides a stable, diverse real estate market backed by welcoming foreign investment policies and the opportunity for permanent residency for qualifying buyers.
For even more information on the buying process, residency programs, and market insights, read our Guide to Buying Property in The Bahamas.