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Bahamas Property Group and Lyford Cay Rentals

The Bahamas Property Group is a one-stop shop for Bahamas real estate needs. With years of experience in the market, Bahamas Property Group professionals provide you with the most relevant information. They’ll even help you find financing for your Bahamas property. They’ll also make the process as easy as possible. The following are some of the steps to take to purchase Bahamas real estate:

The Bahamas Property market has a lot to offer. Its tax regime is investor-friendly and the country’s pristine waters and beaches are renowned worldwide. In addition, Bahamas real estate offers the highest standards of luxury homes. In fact, a few celebrities and billionaires have bought property in The Bahamas. Among them are actors Michael Jordan and Sean Connery.

The Bahamas Property Tax Act was established in 1969 to help the country meet its local revenue needs and finance public services. While the Bahamas Real Property Tax Act exempts undeveloped land and the Family Islands from paying tax, non-residents who own property in the Bahamas must pay property tax on the entire property. There are a number of exemptions from the tax, though they are not automatic. You have to file an Application for Tax Concession to obtain one.

The Bahamas Property Fund has added a new director to its board of directors: Larry Roberts. A longtime real estate professional, Roberts has extensive experience in the real estate industry. He is a past president of the Bahamas Real Estate Association and a member of the Society of Industrial and Office Realtors. lyford cay bahamas rentals He most recently retired as the CEO and Managing Broker of NAI Bahamas Realty Commercial. Roberts specializes in leasing and selling commercial properties and has a wealth of real estate knowledge and expertise.

The Bahamas Property market is currently booming and offers strong rental yields. As the Bahamas’ tourism industry grows, foreigners are increasingly investing in real estate. Once exclusive to the rich, the country is now more accessible than ever. Foreigners may purchase free title to real estate here and benefit from attractive tax rates. Property taxes in the Bahamas are as low as one percent for properties worth $500k and above. Foreigners can also acquire the Home Owners Resident Card.

Nassau is the capital city of the Bahamas and offers some of the most diverse real estate in the Bahamas. Whether you are looking for single family homes or condos, Nassau Real Estate offers the perfect place to buy or rent. Condos offer many advantages over single family homes, including the ability to rent out your property, low maintenance costs, and attractive extras for renters.

Non-Bahamians may also buy property in the Bahamas but must register their investment with the government. This is required if the property is less than two acres in size and is considered a residential property. Non-Bahamians can also purchase an annual home owner’s resident card through the immigration director for a small fee.

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