Articles Tagged "properties for sale in the Bahamas"

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Bahamas | 41 Posts
Foodie Find | 4 Posts
Island Hopping | 1 Posts
October
19

The Bahamas is a beautiful country with a unique culture and a different lifestyle than one you may experience in the United States. It is not too far from the States, as a 45 minute flight from Miami will get you to the capital city Nassau. However, the pace of life is different in the Bahamas, and is unlike anywhere else in the world. There is a reason why millions travel there every year to get a break from their regular life. Purchasing a home and actually living in the Bahamas year-round can legitimately improve the quality of your life for many reasons. 

1. The Weather Is Consistently Incredible

The Bahamas is located in the sub-tropical climate zone, which means that it is warm and sunny all year. Each day in the Bahamas, a short-sleeved shirt and shorts is acceptable attire. The wet season lasts from May to October, and the dry season usually occurs during the November to April time frame. Winters can be quite brutal in other parts of the world, causing you to stay inside just to keep warm. There is no such thing as a cold, sad day in the Bahamas.

The perfect weather makes swimming, hiking, eating outdoors at restaurants, and a plethora of other activities possible every day. Staying active and getting outside are factors that can only improve your quality of life. 

2. Life Moves at a Different Pace in the Bahamas

The world can be a stressful place; everyone is in a rush, deadlines have to be met, and responsibilities have to be taken care of immediately. This can wear down a person and decrease his or her quality of life. In the Bahamas, the pace of life is considerably slower than anywhere else. Bahamians and tourists alike love being in the Bahamas because it gives them a chance to step back, breathe, and move at the pace they want to move. 

The lifestyle is less demanding than modern lifestyles in other countries. It is very natural to feel mentally relaxed in the Bahamas. The presence of many spas and resorts in the country also allow for physical decompression. A laid-back lifestyle with less stress and more time to chill is great for life quality. 

3. Low Taxes

The Bahamas is known for having very low taxes for its citizens. In fact, there is no income or corporate tax existent in the Bahamas, making it a fine place to seek employment. Capital gains and inheritance taxes are also not required by the Bahamian government. Taxes on goods and services are also relatively low compared to other countries like the United States. 

4. The Natural Landscape Is Unbelievable

There is an abundance of beaches, cays, and nature trails all over the Bahamian islands. This promotes an active lifestyle with plenty of exploring and adventures to be had. You can swim with stingrays, visit underground caves, stroll through amazing flower beds, and take long relaxing walks on the beach. The irresistible nature helps maintain peace of mind while also keeping you active and fit. 

5. The Luxurious Properties 

Whether you are just visiting or planning on moving to the Bahamas, the living arrangements in this nation are rather grand. There are many resorts and homes located near beaches and trails. They are very affordable but modern and stylish. You can find a very upscale home in the Bahamas with super-advanced appliances and amenities. 

Morley Realty will find the right place for you in the Bahamas as soon as today. Living in a unique tropical environment offers undeniable mental and physical health benefits, and the Bahamas real estate market is booming. If you are seeking a stress-free, Bahamian lifestyle and want to know about the properties for sale in the Bahamas, contact Morley Realty today. 

September
7

Senior couple at the beach

For those on the verge of retirement who are looking to settle down internationally, the Bahamas is a wonderful option. The islands boast white sandy beaches, sparkling blue water, welcoming residents, and enough outdoor activities to keep you entertained long-term.

Moving to the Bahamas can be quite an undertaking because there are a lot of moving parts to consider. Moving here is not just downsizing and moving to a smaller home or relocating to another city; an international move requires extensive planning, financial security, and help along the way.

But once you're here, all that planning is well worth it! You've worked hard your entire life and now is the time to kick up your feet, relax on the beach, and have a cocktail with your partner and loved ones. Here are five reasons why the Bahamas is ideal for retirement. 

1. Real estate investments

Real estate in the Bahamas is competitive in price: properties currently for sale on the islands are listed from anywhere in the range of $200,000 and upwards of $5,000,000. 

Depending on your financial situation, investing in a home in the Bahamas means you can gain residency here. Ex-pats can obtain an annual residency permit for $100 that must be renewed every year if they've purchased property valued at over $250,000. 

In order to obtain a Permanent Residency, international buyers must purchase a property valued at $750,000 before they can apply.

Just buying property in the Bahamas means you are on your way to becoming a resident and putting down roots in your new home. 

2. Accessibility & Travel 

It's very easy and efficient to travel from the Bahamas to the United States and onward. With international airports in New Providence, Grand Bahama, and Abaco, you can get almost anywhere you need to go stress-free. These airports offer direct flights to the US, Canada, and Europe. If you retire here but have family and friends in the US or other countries, traveling by plane to visit them will be a breeze. 

3. Outdoor Activity Haven 

The wide range of activities offered in the Bahamas often surprise ex-pats who retire here. You can enjoy water activities such as sailing, swimming, diving, snorkeling, fishing, kayaking, windsurfing, and kite surging. 

On land, residents love to participate in tennis, golf, bicycling, and birdwatching. Whether you love the land or sea (or both!), there is truly something for everyone here; living in the Bahamas means you will never be bored, and you will discover some new hobbies that you love! 

4. Tax Paradise

Retirees will be thrilled with the tax benefits they receive as residents of the Bahamas. These breaks include no income tax, capital gains tax, wealth tax, inheritance tax, sales tax, and corporate tax. 

While properties for sale in the Bahamas may seem pricier than in the United States, the balance you gain from tax breaks is well worth it. 

5. Full Health Insurance 

Regardless of where you live in the world, knowing your coverage when it comes to health care insurance is essential. We can't plan for everything; accidents do happen and issues come up when we don't expect them to.

There are private health care options available as well, and we recommend doing your research and making a plan before arriving on the island so you know what your coverage and options are. 

If you are thinking about the Bahamas as a potential location to put down roots and enjoy your retirement, contact the experts at Morley Realty. Our agents have decades of experience with buying and selling property in the Bahamas, and we can make your international move a smooth and enjoyable one. 

August
3

If you're thinking about making an international move and the Bahamas is on your list, we highly encourage you to seriously consider this tropical paradise for your future home. From warm beaches to the gorgeous water and picturesque resorts, to the occasional celebrity sighting… the Bahamas has something for everyone. 

With that said, if you are looking at properties for sale in the Bahamas, we highly recommend carefully researching an agent  to help you with your search. Real estate in the Bahamas can be tricky, and you need someone in your corner who knows the lay of the land and can help you find the perfect abode for you and your family. 

While moving here may seem like the easiest decision you'll ever make, we put together a list of positive and practical reasons why relocating here is worth the money.

1. It's a smart investment to buy in the Bahamas 

The Bahamas Government maintains an investor-friendly outlook on real estate and welcomes international investors to buy property in the Bahamas in order to stimulate tourism and boost the local economy.

Because of this, Bahamas real estate is a smart place to invest. The opportunities here are plentiful — Whether you want to relocate and purchase a long-term home, buy an investment property and treat it as a vacation home, or create an AirBNB property; these investment options aren't as readily possible for many families living in other countries. 

2. The Bahamas are just a quick flight away from the "real world"

Maybe you (or your spouse) travel for work, and you need to be able to get back to the US easily. Maybe you have family or other responsibilities in the states, but still want to enjoy all that the Bahamas has to offer. The good news is that traveling from the Bahamas is quick and easy; we're located just off the coast of Florida.

3. There are major tax advantages to living in the Bahamas

If you're looking for a country where you can get impressive tax breaks, the Bahamas is a great option. There is virtually no income tax here. There are no taxes on capital gains, individual income, personal inheritances, or dividends. 

Property taxes for owner-occupied residences are as follows:

  • On the part of the market value that does not exceed $250,000 — Exempt
  • On the part of the market value that exceeds $250,000 and does not exceed $500,000 — 0.625%
  • On the part of the market value that exceeds $500,000 and does not exceed $5,000,000 —1%
  • On the part of the market value that exceeds $5,000,000 —½% ($60,000 annually cap)

Tax breaks can be a huge advantage for families, business owners, and investors. The tax advantages listed above are worth considering when you make your move!

4. The Bahamas are very family-friendly 

If you're looking for a spot to put down roots for your family, and instill important values in your children like culture, curiosity, and the beauty of the great outdoors— look no further! The Bahamas has it all, from sandy beaches with plenty of water sports and activities, premiere private schools, and an ex-pat and local community that will make you feel right at home. 

5. The lifestyle is much more relaxed 

If your life is high-stress, chaotic, or you don't feel like you get to spend enough time with your family, a move to the Bahamas could change all of that. Local residents and ex-pats alike have adopted the laidback lifestyle, which can be a healthy, positive change for many people. If this is the reason you are considering relocating, you'll find exactly what you're looking for here.

If you are looking at homes for sale in the Bahamas, we understand it can be overwhelming to know where to begin. If you need guidance or advice on navigating the home buying process in the Bahamas, don't hesitate to reach out to us. We'd be more than happy to help you find the perfect home for you and your family. 

August
5

One of the first choices people looking to purchase real estate are faced with is whether to invest in a townhouse or single-family property. So how do you arrive at the right decision? We've compiled a few ideas for you to consider when making the all-important decision.

You must first understand the difference between the two.

A single-family home is a detached or stand-alone home that does not share any common areas or walls with another property. Typically, this term refers to a single property. In some instances, the property may be located within a development that has a HOA (homeowners' association) that manages some or all of the community's common areas, however, a single-family home is always a stand-alone property. Investing in a single-family home will have some definite advantages. First and foremost, the buyer makes all the decisions concerning any upgrades, repairs, maintenance and remodeling. While a HOA can place restrictions on a townhouse owner and limit your tenant pool, as an owner of a single-family home you have the freedom and flexibility to screen and select potential tenants.

 

An example of a multi-family property is a townhouse development, as there are multiple "homes" on the property. You must be sure to consider the ramifications of owning a "home" that is not detached but is part of a group of development of other "homes". While you may be able to landscape around your townhouse, the property management and upkeep of the property is undertaken by the HOA. One of the main upsides of buying a townhouse is financial, in that the maintenance and upkeep costs are shared across all the townhouses and therefore are typically lower than a single-family property. Townhouses are also typically smaller in size, and the tenant pool is usually larger as they are looking to rent small to moderately sized units. 

With any investment, you want long-term profitability through appreciation in value. A property's appreciation is the value added to the investment over time through a combination of your property improvements and with any luck, benefits from market changes. 

When purchasing a property, it is vital to first consider several key factors. You need to satisfy your highest needs. Location, of course, matters a great deal. As the investor, you need to be aware of the state of the housing market and decide which kind of property will best suit your family's needs. Only a trusted professional can provide you this insight. Our team here at Morley is always ready and happy to assist.

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