Nassau Bahamas as a Real Estate Investment

admin — Fri, 27 Mar 2009 04:11:24 +0000

The government also encourages foreign nationals to acquire residential properties in The Bahamas, according to the Bahamas Investment Authority. The International Persons Landholding Act of 1994 simplified the process of foreign ownership of homes and real estate, making it easier for foreigners to own their own piece of tropical paradise.

“When making an investment in Bahamas real estate, it is always best to get in at the beginning of a project and speak with a local realtor to make sure the developer has a good record in keeping development promises.

Foreigners interested in making The Bahamas the location of a vacation home should consult with a reputable real estate professional, Pinder said.

“Our real estate buyers aren’t just coming from the United States,” said Pinder. “We’re getting many calls from Europe and Asia. The desire to buy into a piece of paradise is the primary motivator, of course. We have many affordable properties, some of which are ripe for development. Affordability is just one side of the economic coin. Bahamian liberal real estate and immigration laws draw many buyers.

There are several steps homeowners can take to protect themselves and their real estate from damage during Hurricane Season. The building industry has a wide variety of home improvement items built to protect property from hurricane-force winds and prevent water damage caused by these storms.

Researching the market is essential to making a profitable purchase. When purchasing Bahamas islands real estate, buyers should observe the neighborhood, take into consideration how much utilities cost, look at transportation access to and from the island and investigate comparably priced properties.

The real estate agents’ fees are set by The Bahamas Real Estate Association.

Nassau Bahamas Real Estate

admin — Fri, 27 Mar 2009 03:57:34 +0000

Nassa, Bahamas, is the government seat of New Providence Island and is home to nearly half of the nation’s population. There are numerous casinos, luxury resorts, golf courses, and premier shopping centers to be found in the area. While all of this attracts a good bit of visitors, it is scuba diving that is responsible for drawing in the true adventurers.

English is the main language of the islands. Education is compulsory between the ages of 5 and 15. Religious groups include Anglicans, Baptists, Methodists and Roman Catholics. Tourism is the mainstay of the economy and is backed by US funding. The warm sunshine, attractive beaches and laid-back lifestyle attract large numbers of tourists to Nassau and Freeport on Grand Bahama Island.

Real Estate and Finance are important sectors of the economy. There is very little industry apart from an oil refinery at Freeport and a rum distillery on New Providence. Fishing is one of the major mainstays of the Negro population. Vegetables and fruit are grown however the arable land is limited and a small amount of livestock is also farmed. Trading commodities include cucumbers, tomatoes, shellfish, pulpwood and cement and the main trading partners are the USA, the UK and Canada.

The idea of investing in real estate amidst the current economic conditions might make even the most seasoned investor squirm, but Bahamas islands real estate continues to be a good investment opportunity.