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Bahamas Real Estate – A Buying Guide

Specialising in luxury Caribbean real estate, 7th Heaven Properties offers real estate for sale from across The Bahamas. This guide is intended to provide you with an introduction to the Bahamas real estate market. Contact us with any other questions or to begin a bespoke search for your perfect property.

Where are the best places to invest in real estate in The Bahamas?

New Providence is the most populous island in The Bahamas. Popular areas on and around New Providence, include Lyford Cay and Old Fort Bay on the western coast and Cable Beach and Paradise Island near Nassau on the northern coast.
Other options include Grand Bahama, Eleuthera and The Exumas, each of which has its advantages – call us to discuss which would be best for you.

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Can foreign buyers acquire property in The Bahamas?

Yes, foreign buyers can acquire Bahamas real estate and do not need a license or permit except for purchases of over 5 acres of land.

What is the process for buying property in The Bahamas?

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.

How high are real estate taxes in The Bahamas?

To purchase real estate in The Bahamas, buyers are required to pay a Stamp Tax (transfer tax) which ranges from 4% to 10% (depending on the value of the property).
There is also an Annual Real Property Tax of up to 1% of the most recent selling price (up to $50,000).

Can foreign real estate investors get residency / citizenship in The Bahamas?

Yes, 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.

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How can I get to The Bahamas? Are there direct flights?

There are regular flights from the UK, Jamaica and numerous North American cities including Atlanta, Cincinnati, Charlotte, Fort Lauderdale, Miami, New York, Toronto and Orlando to Nassau’s Lynden Pindling International Airport and Grand Bahama International Airport.
To reach other islands take a connecting flight or fly direct from Miami or Fort Lauderdale to Abacos, Andros, Eleuthera and Exuma (Charlotte, Philadelphia, Boston and New York in seasonal).
Alternatively fly to the Bahamas by private plane or arrive by private boat.