Overseas Property News

Many of the islands that make up the Bahamas are a target for developers building resorts and complexes aimed at the holiday home market. The government of the Bahamas is currently encouraging this sort of development and is publicising the advantages of owning a second home in the Bahamas. Besides sun, sea and sand the Bahamas offers low income tax, capital gains tax and inheritance tax.

Many of the property developments in the Bahamas are aimed at the very rich with prices for luxury properties ranging from US $600,000 and upwards. However Bahamas developers are currently targeting the mass market second home buyers. For example a development near Nassau is currently marketing three and four bedroom properties for $250,000 and is selling to British investors and retired couples as well as families looking for a holiday home.

Buying an investment property in the Bahamas now may be a good investment as plenty more development is planned and further encouragement for the market is likely. Property prices in the Bahamas are currently showing a steady increase of around 10% per year.