The Bahamas has long been a popular location for people looking to buy real estate properties. The Bahamas is a relatively small island chain off the coast of Florida, which is located approximately sixty miles off the Eastern seaboard of Florida. The Bahamas is a popular holiday destination Bahamas Realty due to its warm and rainy weather, beautiful beaches and idyllic white sand beaches. Many people visit the Bahamas each year to enjoy their idyllic beach weather, along with all the shopping that the Bahamas have to offer.
The Bahamas offers buyers and investors a great number of exciting opportunities for long term growth, as well as for lucrative rental returns. Foreign investors are permitted to own freehold property in the Bahamas. One of the most attractive benefits for a potential investor in the Bahamas is the ability to purchase a Bahamas real estate property without having to hold a permanent residency permit. This can make purchasing a Bahamas real estate investment an extremely economical move, as there is no need to worry about applying for a residency visa.
The Bahamas consists of two main islands – the Cayman Islands and the Grand Bahamas Island. Between these two islands there are around sixty-five known islands, which offer different climates and different levels of government. The majority of the islands are relatively small, and only number about twelve islands – although there are two large islands, Long Island and St. Lucia, which are amongst the biggest islands in the Bahamas and have their own distinct attractions.
Many of the islands offer a fantastic selection of private properties available to rent out, either to tourists or by foreigners. In addition, the Bahamian government has allowed the freehold purchase and sale of real estate throughout the islands. One of the more popular locations in the Bahamas, where individuals can invest in real property is the Paradise Island. Situated in the North Eastern Caribbean, Paradise Island is one of the best-kept secrets in the Bahamas real estate scene. With beautiful beaches and a variety of rental properties available to rent out, this island provides an excellent opportunity for investors to enter the real estate scene in the Bahamas. Some of the private properties on Paradise Island include condominiums with all of the amenities and perks that are normally found in hotels.
Other popular locations in the Bahamas for investment in real estate include the four islands of Grand Bahama Island, Paradise Island, Eleuthera, and Curacao. While each of these islands do have a unique design and different level of government, many of the properties are similar. For example, most Grand Bahama Island condos are owned by absentee investors and they are not under the jurisdiction of the tourism board. On the other hand, Curacao houses are under the jurisdiction of the tourism authority. In addition to investing in Grand Bahama Island and Paradise Island real estates, it is possible to buy and invest in Eleuthera and Curacao as well. The lack of governmental interference makes these four islands an ideal location to invest in real estate for the Bahamas.
Investors should also take a look at the southern Bahamas real estate market. The cost of living in the Bahamas is lower than most of the other Caribbean countries, which makes living in the area more affordable. In addition to the low cost of living, the southern Bahamas are also home to some of the most sought after properties, like the Paradise Island condominium.