If you are looking to invest in real estate in The Bahamas you've picked the right place to own a second, or third home. The Bahamian real estate industry has a history of delivering high-quality service.
The International Persons Landholding Act makes buying and holding real estate in The Bahamas an uncomplicated and easy process for non-residents looking to buy property through all stages of the process.
They will show buyers what the market has to offer and guide you through all the necessary paperwork, regulations and related fees.
They can facilitate your purchase and recommend vital related services, such as locating a real estate lawyer and local banks that offer mortgage and loans to non-residents.
Forecasters are predicting an above normal hurricane season this year, with 10-16 named storms, 5-9 hurricanes and 1-5 major hurricanes.
The official start of the Atlantic hurricane season is June 1 and runs through November 30. Your safety and the safety of your family and loved ones is most important but don't forget about protecting your home. It's one of your largest investments.
In addition to the basic preparedness tips, such as assembling a hurricane prep kit, knowing where to go in case of an evacuation and finding a reliable and trusted source of information to monitor the storm, here are a few tips to make sure your home is secured and protected.
Review your homeowners insurance policy - make sure your home insurance policy
If you're looking for a fun way to explore the islands of The Bahamas and learn a little something about the country along the way, check out the array of festivals help throughout the Family Islands all year long.
It's a vibrant showcase of Bahamian history, heritage and culture, featuring local fare, music, art and craft, and rich traditions/
Here are some of the most popular festivals to look out for. There's something for everyone.
Seafood lovers should check out the McLean's Town Conch Cracking Festival, scheduled for October 8 in the east end of Grand Bahama.
Cracking conch to extract the meat from the shell has been elevated to an art form here. Fishermen compete for the coveted title of Best Conch Cracker. Visitors are welcome to
New Providence has its fair share of beautiful residential area to boast of, but some neighborhoods have an extra special history that set them apart from the more newly established exclusive communities.
Long before there was Lyford Cay, Paradise Island, Old Fort Bay and Albany, there was the eastern foreshore (made up of East Bay Street and Eastern Road), where the country's wealthy and influential built their homes.
In 1786, Governor James Murray, the royal governor of The Bahamas form 1787-1796, was among the first to build his summer home there overlooking the eastern harbour entrance. He named the house "The Hermitage," which is now owned by the Catholic Archdiocese of Nassau and serves as the official residence of the Catholic Archbishiop
If you've just purchased a new house or finished building your dream home and are looking to fill those empty walls, consider investing in some original Bahamian art to bring an authentic island feel to your living space.
The Bahamas has a rich and thriving art scene so there are lots of options to choose from when it come to local art.
But buying art can sometimes be a little intimidating and complicated, especially if you've never do it before. What to buy? Where to buy it: Can I afford it?
Experts say the first thing you should do - before you even start looking - is focus on a budget. Decide how much you want to spend.
And don't worry, you can buy art no matter what your price point. You don't have to spend an exorbitant amount of
New Providence may be a mere 7 by 21 miles in size but there's lots of culture and more than 500 years of history to explore. Here are five can't miss sights to see:
1. Arawak Cay: One of the best ways to experience culture is to sample the local cuisine. At Arawak Cay on West Bay Street, you'll find delicious food, refreshing drinks and a truly authentic Bahamian atmosphere. The colorful collection of clapboard buildings house vendors selling a variety of local favorites - conch salad, fresh fish and lobster, local beer and cocktails, to name a few. Locals like to hang out here, too.
2. Historic Charles Towne: Explore this quaint neighborhood just off Bay Street, named in honor of King Charles II of England. The district covers a wide area of
Real estate brokers boast a combined 60 years in the business.
NASSAU, BAHAMAS - Among the top qualities of a first-rate real estate broker are sales experience, local knowledge and connections, and honesty.
At Island Living Real Estate, brokers Rachel Pinder, Hazel Wicky and Christine Wallace-Whitfield, who boast a combined 60 years in the business, are making sure their clients benefit from those qualities - and more.
Pinder, Wicky and Wallace-Whitfield all received their real estate licenses in the same year, 1997, an dhave built a solid reputation in the industry.
Pinder got her start in real estate in the US and decided to pursue a full-time career in real estate when she moved back home. That was more than 20 years ago.
A Permit to Acquire Property is required by all non-Bahamians acquiring an interest in land if the property is undeveloped land with two or more adjoining acres. A Permit is also required if the intended use is not as an owner-occupied property.
Non-Bahamians Acquiring an interest in land if the property is undeveloped land Acquiring an interest in two or more adjoining acres Bahamians are also required to apply for a permit where the intended use is not as an owner-occupied property. Process: (Can be done by your attorney).
Complete the entire Form 3.
Submit Form 3 to the Secretary to the Investments Board, along with the list of documents identified below.
As applicable, the application is also reviewed by the
Assessments are used by the Real Property Tax Valuations Unit to determine the value of a property and its related Property taxes. An assessment can be initiated by the property owner or by the Real Property Tax Unit. A Real Property may fall in the one of the following categories:
Eligibility: All Property Owners. Process:
If a request is made by the owner of the property, the following forms must be completed and submitted to the Real Property Tax Valuation Unit: a. Property Tax Application Assessment form and b. A Declaration of Real Property Tax form
In regards to owner occupied properties, the owner is also required to complete an