Sold & Under Contract in The Bahamas — See What’s Moving

Yes. Non-residents can buy freehold property in The Bahamas. Purchases of US$750,000+ may qualify for accelerated permanent residency; US$2M+ may be fast-tracked. Most buyers register the purchase and obtain title insurance.

Expect VAT on the conveyance, legal fees, due diligence and stamp duty. Commission is usually paid by the seller; buyers cover their legal and government fees. I’ll provide a line-item estimate before you sign an offer.

Owner-occupied properties are taxed on tiered bands with exemptions up to a threshold; vacant land and non-owner-occupied have separate bands. I can estimate taxes for any property you’re considering.

Several Bahamian banks lend to foreign buyers with higher down payments and documentation. Many clients use cash or cross-border financing; I can introduce lenders suited to your profile.

Most cash deals close in 30–60 days after due diligence. Mortgage transactions can take longer depending on bank approvals, valuation, and title work.

Paradise Island (Ocean Club Estates), Nassau/Eastern Road, Eleuthera (Governor’s Harbour, Unicorn Cay), Exuma, and Abaco (Treasure Cay, Man-O-War Cay) are top choices. I’ll shortlist areas to match your lifestyle and goals.

Short-term rentals are common, but rules vary by development and HOA/condo bylaws. We’ll verify the building’s rental policy, licensing, and any resort program requirements before you commit.

Windstorm coverage is recommended. Premiums depend on location, construction, elevation, and deductibles. I’ll obtain quotes during your inspection period so you can compare coverage.

After closing, submit proof of ownership, police certificate, medical, and fees. Thresholds apply (US$750k+ accelerated; US$2M+ fast-track). I’ll coordinate with immigration counsel and prepare your package.

Fees vary by amenities such as security, marina, and beach club. Full-service developments cost more. I’ll provide current budgets and reserve studies for any building you like.