Looking for Bahamas Beachfront Real
If you could choose to live in one of the
most beautiful places in the world, the Bahamas
should be high on your list. Just thinking of
the Bahamas brings to mind white-sand beaches,
swaying palm trees and crystal clear blue waters.
You can actually own this beachfront real estate
Since the Bahamas islands are so popular, you might think that all Bahamas
real estate is sold by now, but with more than 700 islands and 2,500 inlets,
there are beautiful spots still available.
Tax Incentives for Purchasers and Investors
The government of the Bahamas islands
is trying to attract buyers and encourage investors
by extending tax incentives. Under new legislation,
the International Persons Landholding Act grants
routine approval to non-residents who wish to
purchase residential property. The law also
includes a two-year property tax exemption for
purchasers of land for development purposes.
In order to revitalize the downtown district, Prime Minister Hubert Ingraham
has incorporated five-year tax concessions on residential properties in
the city. The hopes are to entice more people to live in an urban neighborhood.
This will bring additional business to the restaurants, shops and bars.
It is a great investment opportunity for non residents looking for a spot
in the tropics.
There are choice pieces of Bahamas real estate still available,
and many sections of the islands are still obtainable for development.
Here are some of the nicest places to own:
- Nassau Townhouses – Rustic Victorian-style
townhouses are available, complete comfort that includes a swimming
- Sandyport Gated Community – Located in Nassau,
this community is conveniently close to stores, hotels and casinos.
It is made up of 500 homes, many with beachfront real estate.
- Freeport – Just a few miles from the shops
of Port Lucaya, houses can be purchased for roughly half their worth.
Some homes with three bedrooms and three bathrooms, with a usual list
price of 1.5 million, are selling for approximately $625,000.
- Berry Islands – A posh, well-to-do part of
the Bahamas, where golf courses are beautiful, and real estate may be
hard to find. One particular house, boasting a double beachfront lot,
is currently listed at $790,000.
- North Eleuthera – This is a wealthy, secluded
retreat for those who enjoy privacy. Your next door neighbour could
be David Copperfield.
If you are thinking of investing in Bahamas real estate, other places
worthwhile considering are Abaco Cays and Exuma. Both have spectacular
beach front properties - big value for your money.