Bahamas Real Estate: Luxury Homes for Sale in the Bahamas

If you want to buy a permanent home, getting permanent residence (without the right to work in the Bahamas) is easy:
In order to speed up the entrance of foreign funds into the country, international applications for annual or permanent residence by major investors who purchase residences valued over $500,000 have practically automatic approval.

How to obtain an annual residence permit: If you would like to reside in the The Bahamas on an annual basis you can do so if your spouse or dependent is a citizen of the Bahamas or if he/she is a permit holder, if you are a independent economic resident, or if  you are a resident home owner, or seasonal resident home owner.  You will also be asked to present  the necessary documents required.

Getting permanent residence: If you want to live here permanently you must be of "good character" (you can take it that this means they have no criminal record) and you should be prepared to show evidence of financial support. Accelerated consideration of applications for annual or permanent residence will be given to major international investors and fit and proper owners of residence valued at $500,000 or more.

Bahamas Homes for Sale (direct from developers)

Cape Hope Bahamas
Cape Hope creates a limited number of excellent quality homes, either speculatively or to a purchaser’s individual needs.

Fees Associated with Purchasing Property in the Bahamas

The Bahamas Government charges a stamp tax on all real estate sales or transfers. This tax is traditionally split 50/50 between buyer and seller, unless otherwise specified or agreed to by both parties.

The stamp tax is levied as follows:

Lawyer Fees (required) in respect of the sale and purchase of real estate and the scale fees are usually 2.5 % of sale price.

If you use a broker to sell your property (optional), real estate commissions are typically paid by the seller (and vary depending on the agreement between the broker and seller).