NASSAU, BAHAMAS – Purchasing real estate in other countries can present many challenges, especially when it comes to legalities. But for Canadian investors, the Bahamas real estate has had a long-standing relationship with foreign buyers and welcomes them with open arms.

The International Persons Landholding Act of 1993 encourages foreigners or companies owned by them to purchase a second home in the Bahamas. Under the act, purchases of residential property by foreign investors are automatically approved, as long as the property is less than five acres on a single island in the Bahamas. Exceptions to this approval are properties that occupy more than half the land area of a small island or cay, and property that includes an airport or marina.

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NASSAU, BAHAMAS – Construction of Baha Mar, a world class destination resort, is scheduled to begin in January 2011 and the promise of economic development, jobs and a good return on Bahamas investment property purchases already is in full swing.

Baha Mar developers say the resort will make The Bahamas one of the finest tourist destinations in the world, says Heather Carey, a sales agent with Island Living Real Estate, a Nassau, Bahamas real estate agency. (more…)

Friday, June 6, 2008 —NASSAU, BAHAMAS— There is good news for potential buyers and current owners of owner-occupied property valued at less than $500,000. (more…)

September 13, 2007—Nassau, Bahamas— Lots of people have dreams of purchasing their own island paradise in The Bahamas, but the notion can seem a daunting task to many. (more…)