If you are interested in purchasing a Bahamas property, it is important to find an agent who is familiar with the real estate market. You can contact Coldwell Banker Lightbourn Realty, which has offices on Dunmore and Crown Sts. If you are in the Harbour Island area, you can also contact Coldwell Banker Lightbourn Realty on Harbour Island.
Most foreign homebuyers in The Bahamas are from the United States, Canada, France, Britain, and Italy. If you plan to purchase undeveloped land greater than five acres, you will need a permit from the Government. Permanent residency is possible for foreigners who own property in The Bahamas. However, an annual residence card is not enough, as it does not give you the right to work or study in the country.
Another way to find a listing in The Bahamas is to use the Bahamas Multiple Listing Service (MLS). This is a cooperative data exchange program which includes participating brokers. All properties in its database are listed with participating brokers. Properties that are listed with other brokers will be marked with the IDX symbol, which means that they have signed an agreement to exchange property information. harbor island bahamas real estate While this can be a useful way to find a listing, you should understand that the data listed here is not guaranteed to be accurate. If you’re considering buying a Bahamas property, make sure you’re working with a reputable and experienced real estate company.
When buying a Bahamas property, you should be aware of the tax obligations. The taxation structure is quite low in The Bahamas, and the process is transparent and secure. As a non-resident, you will need to register with the Foreign Investment Board (FIB) and Central Bank of The Bahamas. If you are buying a property to rent or develop, you’ll need a permit for commercial development. If you’re buying a property to live on, you’ll also need to register your investment with the Exchange Control department of the Central Bank of The Bahamas. Then, you’ll be able to withdraw the net proceeds of the sale of the property in the currency of your original investment.
If you’re looking to buy a Bahamas property, make sure you consult an attorney. A local attorney can ensure that you get a title that is valid and that the paperwork is in order. The attorney will act as your representative and will provide an opinion about the title of the property, similar to title insurance. This opinion will protect you if there are any problems with the title.
As the island’s real estate market is booming, investors are looking to invest in luxury properties. For example, a luxury home on Harbour Island is one of the most sought after in The Bahamas. Several properties have been featured on HGTV, America’s leading lifestyle programme. These properties include Sandy Hill, Pink Sands, Valentines Resort, Fort Point, La Tortuga, and the Strawberry House.