NASSAU, BAHAMAS – Inevitably, when people visit the Islands of The Bahamas, they have such a wonderful time in our sub-tropical climate conditions, they do not want to leave, said Rachel Pinder principle broker at Island Living Real Estate, which specializes in Bahamas relocation.

“As soon as they return home, they start planning their next trip and can only dream about living here someday,” said Pinder. “The fortunate ones, or the people close to retirement, start thinking about how they can own a piece of paradise. But for others it’s just a dream, at least they think it is.”

Buying a home in another country isn’t out of reach for people who understand the process, said the condo rentals expert.

It is no small task to buy a home or even a vacation home in the Bahamas, so Pinder recommends enlisting the help of a local real estate broker, as they understand the dynamics of the market and will be able to quickly and efficiently find real estate that matches your vision.

There are limited restrictions on foreigners buying property. Since the International Persons Landholding Act took effect in Jan. 1994, it has been much easier for foreigners to purchase property on the island.

“There are certain restrictions in this act that can be tricky for people, but local agents know the ins and outs and can guide you through them,” said Pinder. “The Bahamas is a politically stable country that is in relative proximity to many countries, which is why so many people are interested in purchasing real estate here.”

The first step is deciding on the location of the property. In addition to Nassau/Paradise Island and Grand Bahama Island, there are 698 other islands that make up the Bahamas.

“We call the other islands the Out Islands because they are secluded – nature outnumbers man-but some of the world’s most amazing beaches, dive sites, and fishing sites are located there,” said the Bahamas rental houses and villa rental professional. “The island you choose really depends on the type of property you are purchasing.”

If you are planning on the property to be a Bahama rental where you rent it out part-time,

being close to transportation lines, hospitals, shopping centers, etc. is more appealing to prospective renters. Your agent can inform you about the historical rental prices and vacancy ratios so that you can ensure you are getting the most out of your investment.

The Islands of The Bahamas offer the best living and working conditions in the world. A modern infrastructure combined with public and private schools, which makes them ideal for people looking to move here permanently with their family. Real estate agents can tell you which island is the most family-friendly, which would be best for a couple looking to retire and which would be best for people who are not interested in renting the property to others, said Pinder.

Once buyers have decided on a location and a property, the next step is to purchase the property. This is where local agents can be very beneficial to buyers, as they understand the process, which can save them a lot of time and money.

“If you have dreams of spending time or moving to the Bahamas, don’t let anything hold you back from making them a reality,” said Pinder.

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