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Lyford Cay Rentals – Buying a Bahamas Property

When purchasing property in the Bahamas, it is important to understand the tax and real estate process. The Bahamas real estate market is stable, with low taxes and a mature legal system. The property process is secure and transparent, and the buyer’s attorney will check the validity of the title. A missing abstract will reduce the marketability of the property, and the vendor should ensure that the property history is accurate.

JamesEdition has over 577 listings for luxury homes in The Bahamas. You can filter listings by price, number of bedrooms, bathrooms, and other amenities to find the perfect home. Listings come with photos and pricing information. lyford cay rentals You can save your search and be notified of new listings by email. This service also offers a search function that allows you to compare homes.

When purchasing a property in the Bahamas, it is best to find a qualified agent who is licensed to sell and purchase real estate in the Bahamas. Enness is a high-value mortgage broker and will help you purchase a property worth at least $2 million. Enness’s broker will talk you through the process and answer any questions you may have about financing your new property.

The Bahamas government has laid out guidelines for non-Bahamians to purchase real estate in the country. Investors interested in buying Bahamas property will need to register their investment in the Bahamas government. As long as the property is under two acres in size, you will need to register it as a single-family residential property. Additionally, second-homeowners can apply for a home-owner’s resident card every year.

In addition to being home to a wealthy family, the Bahamas welcomes foreign investment and has created a number of policy documents to help foreigners buy property. The International Land Holdings Act 1993 is one such document designed to ease the purchase of Bahamian property. If you are a non-Bahamian, you must register with the Central Bank and the Investments Board before you can make any purchases. The cost of registration varies between $25 and $100.

The Bahamas offers some of the most beautiful and luxurious real estate in the world. In fact, many US investors purchase property in the Bahamas because of its convenient location. The Bahamas is also known for its pristine beaches and tropical climate. The government’s real estate policy seeks to create an environment that is consistently growing and investor-friendly. Its ministry of financial services, which was established in October 2002, has promised to simplify the process for buying property.

The Bahamas legal system is based on British Common Law and is a transparent environment. In addition, the Bahamas government has taken steps to ease its residency rules. Buying a Bahamas property over $1 million provides an exceptional opportunity to obtain residency virtually overnight.

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