Our agents are always at work showing off the best Nassau and Paradise Island homes for sale. Whether they come from the U.S., an EU country, or elsewhere, most buyers wish to purchase a conventional standalone home. We are happy to assist them. However, that is not your only option!
If you choose, you'll find there's also a robust market for condominium homes here in The Bahamas. A condominium is a building divided into several units. Each unit is individually owned by the tenant. They may be purchased outright by the tenant or held in a "lease to own" agreement for some time.
The concept of the condominium home is very much the same in The Bahamas as in most other countries. Developers create residential communities with beautiful surroundings and amenities. You own your unit and contribute a monthly fee to the upkeep of common areas.
A condominium can be extremely convenient because you are not responsible for most of the upkeep you would be as a homeowner. In many cases, your responsibility ends at your walls. Even utilities like water and power are ultimately the responsibility of the property management agency.
In some cases, you may be able to move into a condominium in The Bahamas much faster than you would be able to move into a house. This is especially the case when you consider moving into an existing residence rather than new construction within the Bahamas Islands.
But is the condominium market in The Bahamas very different? Here's what you should know.
When buying any property in The Bahamas, it is crucial to have the right expertise on your side. At Morley Realty, our experienced team is here to help you every step of the way. Contact us to find out more or get started.