Real Estate Blog

Affordability 

The Bahamas are a Caribbean country, and they offer affordable properties. They are a lovely place to call home. The island nation comprises 700 tropical islands with sandy beaches and turquoise water that you can enjoy living in all year round. The Bahamas offer many affordable options to consider when looking for your new home in the sun. There are many different types of homes from which to choose, including villas, condos, and bungalows. 

Perfect Weather 

Purchasing property on San Salvador means that you will have a stable climate. The islands are situated in the Atlantic Ocean, which means it does not experience fluctuation in temperature like many other places worldwide. It's a perfect place to escape cold winter weather, and it's an ideal spot for a honeymoon with white, sandy beaches and turquoise waters. This will allow you to enjoy life in your home all year round without moving out due to harsh weather. You are also assured of the property's safety as the elements such as hails and storms are completely absent. 

High Appreciating Rate 

When it comes to purchasing property, most people think about the US and Canada. But more and more people are looking at properties on the island, which is a great investment. From 2011 to 2016, the cost of property on the islands has increased by over 150%. There are many reasons why the property on the island is a great investment. First, demand for tourists is high, and prices are not regulated. Buying a property in the island also has lower taxes than in other parts of the world. 

Wealth 

These islands form a rapidly growing nation in recent times. This island country has been one of the fastest developing nations globally. It has a GDP per capita of $99,600, making it one of the richest countries in the world. Its natural beauty and the perfect climate attract many tourists to come and visit this beautiful country each year. They also are known for their low crime rates and clean environment. This means that the property bought will always enjoy a stable atmosphere. 

Taxation 

The island has favorable taxation policies and a friendly business environment. This creates an ideal environment for entrepreneurs. There are no taxes on corporate income, dividends, and capital gains. There is a $500 annual exemption for property taxes. The government also allows individuals to take an annual deduction on their income tax of $3,000. There are no taxes on corporate income, dividends, and capital gains. 

Buying a property is one of the most important decisions of your life. You should always work with a reputable agent to help you find the perfect home. At Island Property Group we have professionals who know how to search the best option for you and answer queries you may have during the buying process. Call Island Property Group today for advice and purchase deals.