Bahamas Real Estate Development
It is no secret that the Bahamas is fast becoming one of the most promising
real estate developments of the past few years. Do you wonder why? As
a breathtaking paradise with romantic sunsets, endless beaches, and divine
food, it lures millions of vacationers every year. The islands are an
exotic blend of African and European cultures, influenced by American
trends. Located only 50 miles off of the Florida coast, they offer immaculate
white-sand beaches, crystal-clear waters, interesting flora and fauna
and great investment potential.
In recent years, the Bahamas has experienced
a major increase in tourism. It has become a
favourite stop for cruise ships, and a great
number of tourists are returning visitors who
were previously captivated by the beauty of
the Caribbean Bahamas. With a rise in tourism,
it is not surprising that an increase in Bahamas
luxury real estate development has also
Rise in Bahamas Property Investments
Investors from all over the world are leaning towards the Bahamas for
property investments, and the Bahamian government has never made it easier!
- With the new International
Persons Landholding Act, approval is granted to non-Bahamians to
purchase residential property of less than 5 acres on any single island
in the country, with the stipulation that the property must not exceed
50% of the land area of a cay.
- A two-year property tax exemption exists for foreigners buying land
for developmental purposes, providing construction commences within
two years from the date of purchase.
Hotel and Resort Development
The Bahamas present an outstanding opportunity for hotel and resort development.
As one of the wealthiest in the Caribbean, it has very strong ties with
its close neighbour the United States, and the potential for financial
growth and security is immeasurable, as are the investment opportunities.
When investigating your investment options, it is definitely worth your
time and effort to look towards the boom of the Bahamas real estate development;
it will invite you into the endless beauty and opportunity that defines