If you are looking to buy a beach house in the Bahamas, the short answer is yes, foreigners can purchase property there. The government actively encourages foreign investment, and the process is relatively straightforward thanks to the International Persons Landholding Act. However, buying property on an island is different from buying a house in the US, Canada, or Europe. You need to factor in local...
If you are trying to figure out what the "best" property in the Bahamas is, the answer depends entirely on what you want to do with it. There is no single neighborhood or island that works for everyone. If your goal is to secure permanent residency and have a predictable, highly managed luxury home, you will be looking at very different real estate than someone who wants an off-grid beachfront lot to...
If you are looking to buy a home in the Bahamas, the short answer to how the process works is quite straightforward: non-Bahamians can easily buy real estate here. The market is geared heavily toward international buyers, the legal framework is well-established, and you do not need special permission to buy a single-family home or condo for personal use. However, buying property in another country comes...
Retiring to Freeport, Grand Bahama, means trading the hustle of standard city life for a slower, quieter pace. If you are wondering what it is actually like to pack up and move here, the reality is practical: you get a very affordable entry into Caribbean living compared to Nassau, but you have to adapt to a smaller-town infrastructure. Basic healthcare is available locally through private clinics, but you...
If you are wondering whether an international buyer can get financing to purchase a home in the Bahamas, the short answer is yes. You do not need to be a citizen or a resident to get a mortgage here. However, the process looks quite different from buying a home in the US, Canada, or the UK. Most foreign buyers secure financing through one of three routes: getting a non-resident mortgage from a Bahamian...
If you are a foreign investor wondering exactly how much extra cash you need to close on a property in Grand Bahama, the quick answer is this: plan to spend between 4% and 8% of the purchase price on closing costs. Unlike the property price itself, these fees are generally fixed and non-negotiable. They go directly to the Bahamian government, your local attorney, and various regulatory authorities. Grand...
If you are looking at real estate in the Caribbean, you have likely heard whispers about Grand Bahama’s unique tax framework. To answer the main question right away: buying property under the Hawksbill Creek Agreement in Freeport, Grand Bahama, legally exempts you from paying annual property taxes, capital gains taxes, and income taxes on revenues generated within the designated area. Unlike the rest of...
The MSC Freeport Container Port expansion is driving commercial real estate growth in the Bahamas by fundamentally changing the supply chain math. When a major shipping entity like Mediterranean Shipping Company (MSC) commits to deepening channels, adding massive shore cranes, and expanding total container capacity in Grand Bahama, it creates a ripple effect. Millions of tons of added cargo capacity...
If you are looking at Grand Bahama right now, you are probably trying to figure out if the local real estate market is about to wake up. The short answer is yes, but it is going to be a measured process tied directly to the redevelopment of the Grand Bahama International Airport. Ever since Hurricane Dorian severely damaged the island’s main transit hub in 2019, property values and tourism numbers have...
Carnival’s new Celebration Key cruise port is driving short-term rental (STR) demand on Grand Bahama because the island’s current lodging infrastructure simply isn't large enough to absorb the coming wave of people. Opening in the summer of 2025, the $500 million mega-port is expected to bring 2.2 million passengers to the island annually. But cruise passengers sleeping on a ship are only a fraction...
