property in the bahamas
White sandy beaches, crystal clear waters, tax breaks, fabulous property; the Bahamas have never looked so appealing. Bahamian property is looking better than ever.
In 1993, the International Persons Landholding Act was enforced to help and encourage overseas purchasers to buy property in The Bahamas.
This act means that a foreigner wanting to buy a single family dwelling or vacant plot to be used in the construction of such a residential dwelling, no longer needs a permit from the Government before purchase.
He or she only needs to register the acquisition with the Investments Board at a later date. Permanent residents of the Bahamas and foreigners who inherit property in the Bahamas, do not have to obtain the above permit before acquiring or purchasing land but must register afterwards.
At a glance - buying a property in the Bahamas
If you are making an investment or buying a holiday home, the Bahamas will welcome you with open arms. Talk to an advisor about buying a property and aranging a mortgage in The Bahamas
If you are looking for more information on overseas investment property in general, why not click on one of the links below?:
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
The above mortgage detail is for information purposes only as does not constitute financial advice under the Financial Services and Markets Act 2000.