FAQ

Yes, non-Bahamians can purchase property in The Bahamas, but there are certain restrictions and requirements to be aware of.

Foreign buyers typically need to obtain government approval for property purchases over a certain acreage, and some areas are designated as "restricted" where non-Bahamians can only buy with government approval.

Yes, there are property taxes in The Bahamas, which include real property tax and stamp duty. Rates and exemptions may vary.

While it's not required, it's highly recommended to work with a qualified real estate agent who understands the local market, regulations, and can help with the buying process.

The closing process typically involves a purchase contract, due diligence, and the payment of various fees and taxes. An attorney is often involved to ensure a smooth transaction.

Yes, some banks in The Bahamas may offer mortgages to non-Bahamian buyers, but the terms and conditions may differ from those for Bahamian citizens.

Yes, there are zoning and building regulations that must be followed. It's essential to check with local authorities before starting any construction or development projects.

Popular areas for real estate investment in The Bahamas include Nassau, Paradise Island, Grand Bahama, and the Out Islands. Each offers unique opportunities and characteristics.

Consider factors like location, property management, rental income potential, and any local regulations regarding vacation rentals.

The Bahamas may offer incentives such as the Bahamas Second Home Initiative, which encourages foreign investment in residential properties.