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Own Paradise, Live Tax-Free
Discover luxury Bahamas properties with permanent residency potential. Zero income tax, capital gains tax, or inheritance tax. Expert guidance from Glenn Ferguson - 24+ years helping international buyers secure their financial freedom.
Nassau vs Paradise Island: Property Comparison
| Feature | Nassau | Paradise Island |
|---|---|---|
| Average Property Price | $721,340 average | $520K - $10M+ |
| Price per Square Foot | $300 - $600 | $600 - $1,500 |
| Property Types | Condos, Houses, Townhomes | Luxury Condos, Estates |
| Rental Yield | 8-12% | 6-10% |
| Tourist Attractions | Downtown, Straw Market | Atlantis, Ocean Club |
| Best For | Families, Investors | Luxury Living, High-net-worth |
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How to Buy Property in the Bahamas: Step-by-Step Guide
1
Determine Your Budget and Financing
Get pre-qualified for a mortgage or assess your cash buying power. Consider additional costs like 10% VAT (typically split 50/50 with seller), legal fees ($2,000-5,000), annual property tax, and property insurance.
2
Choose Your Location and Property Type
Decide between Nassau (more affordable, diverse options) or Paradise Island (luxury focus). Consider condos for ease of maintenance or houses for more space.
3
Engage a Licensed Real Estate Agent
Work with a BREA-licensed agent like Glenn Ferguson who understands foreign buyer requirements and can access off-market properties.
4
Conduct Due Diligence and Inspection
Review property titles, conduct surveys, and inspect for any issues. Ensure all permits and approvals are in order.
5
Complete Legal Documentation
Hire a Bahamian attorney to handle the conveyancing process, including contracts, title transfers, and registration.
Frequently Asked Questions About Bahamas Real Estate
How much does it cost to buy property in the Bahamas?
Bahamas property prices range from $200,000 for condos to $20+ million for luxury estates. Nassau averages $721,340 for homes, while Paradise Island starts around $520,000. Additional costs include 10% VAT (shared between buyer and seller), legal fees ($2,000-5,000), and annual property tax.
Can foreigners buy property in the Bahamas?
Yes, foreigners can freely purchase property in the Bahamas with no restrictions. There are no limits on foreign ownership, and properties over $1,000,000 may qualify for permanent residency through the Economic Permanent Residence program (increased from $750,000 in January 2025).
What are the benefits of Bahamas residency by investment?
Bahamas residency offers no income tax, capital gains tax, or inheritance tax. Minimum investment is $1,000,000 in real estate for Economic Permanent Residence status (effective January 2025). Investment must be held for 10 years, and residents must spend 90+ days annually in the Bahamas.
What's the difference between Nassau and Paradise Island real estate?
Nassau offers more affordable properties ($300-600/sq ft) with diverse options for families and investors. Paradise Island focuses on luxury ($600-1,500/sq ft) with exclusive condos and estates near Atlantis and Ocean Club.
How long does it take to buy property in the Bahamas?
The typical property purchase process takes 60-90 days from offer acceptance to closing. This includes due diligence (2-3 weeks), mortgage approval (4-6 weeks), and legal documentation (2-3 weeks).
What Our Clients Say
"Glenn helped us secure Paradise Island residency in just 4 months. Now saving $180K annually in taxes with our Canadian consulting business. The process was seamless."
"Found a $1.2M beachfront property generating 11% rental yield. Glenn's off-market connections and residency expertise made the difference. Closed in 65 days."
"From UK tax resident to Bahamas permanent resident in 90 days. Glenn handled everything - property acquisition, legal work, and immigration filing. Exceptional service."
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Licensed BREA Agent & Residency Specialist
Licensed BREA agent with 24+ years experience. 98% successful residency approvals. Exclusive access to off-market luxury properties and comprehensive immigration guidance.
