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 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 for a place to keep your boat right in your backyard, Grand Bahama offers some of the most practical and accessible canal-front real estate in the Caribbean. The answer to finding the right property lies in navigating Freeport’s extensive engineered canal system.Buying a canal-front property here means you are getting a private marina. It allows you to skip annual slip fees, avoid...
