Ultimate Guide to Purchasing Property in The Bahamas with Glenn Ferguson

 

Owning property in The Bahamas isn’t just about having a home—it’s about experiencing a lifestyle of serenity, beauty, and opportunity. From luxurious beachfront villas to secluded private islands, this tropical haven offers something for everyone.

I’m Glenn Ferguson, a Bahamas real estate agent and residency consultant with over 20 years of experience helping clients with purchasing property in The Bahamas. Let me show you how to make your Bahamian dream a reality.

 

 

Can Foreigners Buy Property in The Bahamas?

Yes, foreigners can buy property in The Bahamas with no restrictions.
Here’s what you need to know:

  • Foreign buyers enjoy the same property rights as Bahamians, including beachfront ownership.
  • Properties larger than two acres, or those for rental or commercial purposes, require government approval.

This welcoming approach makes The Bahamas one of the most attractive destinations for international buyers.

Exploring the Bahamas Real Estate Market

What’s Available?

The Bahamas offers a diverse range of properties to suit every lifestyle:

  • Condos and Townhomes: Ideal for convenience and ease of maintenance.
  • Beachfront Villas: Perfect for those who want privacy and ocean access.
  • Private Islands: The ultimate choice for exclusivity and luxury.

Top Locations to Consider

  1. Nassau & Paradise Island: A lively hub with world-class amenities, luxury resorts, and shopping.
  2. Exumas: Renowned for its turquoise waters and quiet, unspoiled beaches.
  3. Eleuthera & Harbour Island: Famous for pink sand beaches and upscale charm.
  4. Abaco: A tranquil retreat, popular with boating enthusiasts.

👉 Explore Nassau Bahamas Properties for Sale

Real Estate Insights

Did you know? In 2023, the Bahamas real estate market saw a 15% rise in international buyers, particularly in Nassau and Paradise Island. Limited inventory in prime areas has kept property values stable and growing—a promising trend for investors.

Client Success Story

One client, a retired couple from New York, was searching for a peaceful retreat with rental income potential. I helped them purchase a beachfront property in Eleuthera, which now serves as their winter getaway and generates steady rental income during peak seasons. Their property’s value has already risen by 10%, making it both a lifestyle and financial success.

 

 

Benefits of Investing in The Bahamas

1. Tax Advantages

The Bahamas is a tax haven, offering:

  • No income tax
  • No capital gains tax
  • No inheritance tax

2. Accessibility

  • Just a short flight from Florida, the Bahamas is easy to reach for weekend escapes or extended stays.

3. Lifestyle Benefits

  • From world-class golf courses to pristine beaches, The Bahamas offers a balance of relaxation and recreation.

4. Rental Income Potential

  • Vacation rentals are in high demand year-round, particularly in tourist hotspots like Nassau and Paradise Island.

How I’ll Guide You Through the Buying Process

Here’s how I help clients purchase property with ease:

1. Define Your Goals

We’ll discuss your needs and priorities to focus your search:

  • Are you looking for a vacation retreat, a rental property, or a permanent home?

2. Find Your Property

  • With my in-depth market knowledge, I’ll identify properties that meet your criteria and budget.

3. Make an Offer

  • Once you’ve found the right property, I’ll guide you through submitting an offer and negotiating the best terms.

4. Secure Legal Support

  • Your attorney will verify the title, conduct due diligence, and ensure all contracts are in order.

5. Close the Deal

  • I’ll coordinate with all parties to ensure a smooth closing, from paying taxes to registering your investment.

Costs and Taxes to Expect

When purchasing property in The Bahamas, here are the expenses you should plan for:

1. Stamp Duty

  • Properties under $100,000: 2.5%
  • Properties over $100,000: 10%

2. Legal Fees

  • Approximately 2.5% of the purchase price.

3. Annual Property Tax

  • Properties under $250,000: Exempt.
  • Properties over $250,000: 0.625%–1%.

4. VAT

  • Applies to real estate transactions and services.

Residency Benefits for Property Owners

Owning property in The Bahamas can qualify you for residency.

1. Home Owners Resident Card

  • This card provides long-term residency benefits and is available to property owners.

2. Permanent Residency

  • Investing $750,000 or more qualifies you for permanent residency, with expedited options for properties over $1.5 million.

👉 Learn about Bahamas Residency.

FAQs About Purchasing Property in The Bahamas

1. Can foreigners buy property?

  • Yes, foreigners have the same rights as Bahamian citizens.

2. Do I need government approval?

  • Only if the property exceeds two acres or is for commercial use.

3. Are there taxes on property purchases?

  • Yes, stamp duty and VAT apply, but there’s no income or capital gains tax.

4. Can I rent out my property?

  • Yes, vacation rentals in popular areas are highly sought after.

5. Can property ownership qualify me for residency?

  • Yes, properties over $750,000 may qualify you for permanent residency.

Let’s Make Your Bahamas Dream a Reality

Buying property in The Bahamas is more than a purchase—it’s a gateway to a lifestyle you’ll love. Whether you’re looking for a luxury retreat or an investment opportunity, I’ll guide you every step of the way.

👉 Explore Bahamas Properties for Sale

 

 

  ASK Glenn about Purchasing Property in The Bahamas