fbpx

Guide to Owning Real Estate in the Bahamas

Owning a winter or year-round place in the Bahamas is a popular trend for Canadians right now.

According to a Globe & Mail article Canadians now own an estimated 30% of the 90 $4-million to $20-million homes at Ocean Club Estates on Paradise Island.

This interest in the Bahamas is due mainly to the non commercial, serene lifestyle and taxes. Anyone who qualifies as a resident from Canada is exempt from income taxes on money earned and from taxes on interest income.

The demand for ultra-high-end homes has attracted experienced Canadian real-estate developers who have launched projects targeting wealthy Canadians. These include Serenity Point on Great Abaco and The Beach Club Villas on Paradise Island.

Read the Globe & Mail Article “Builders on the Beach

Chris Keleher is pleased to announce a new project underway – connecting Canadian clients with Bahamas and providing education and consultation on the process of owning real estate in new developments and resale properties.

There is a great market of options in the Bahamas and the rental income can cover costs. Flights are under $400 round trip. Direct flight. 3.5 hours. An all round great place to own and visit!

Chris Keleher has teamed up with a local Bahamas Broker, Brent Cartwright of Aisle of Palms Realty in Marsh Harbour, Abaco, Bahamas. Now Chris Keleher Team clients can gain from Brent’s experience through living and owning a brokerage there.  

Curious about a potential purchase? Just contact Chris to get more information!

Bahamas-Keleher

 

Share Post:

Facebook
LinkedIn
Twitter
Pinterest
Email

More Blogs

New Rules & Protection for Condo Owners this Fall

Starting this fall, new rules will make it easier for condo owners to participate in owners’ meetings and will make it easier for them to access records of their condo corporation. The changes stem from a 2015 update to the Ontario Condo Act that now affects the lives of a growing number of condo residents.

Read More »

March 2017 Market Update

Southern Georgian Bay Residential Sales Set New Record for March Residential sales recorded through the MLS® System of the Southern Georgian Bay Association of REALTORS®

Read More »