Overseas Property Advice

Tips for Buying Propery in Nassau, Bahamas

By Robbai

An expat in the Bahamas offers in-depth advice about the real estate market in the Bahamas. Covers he most popular areas for expats like Sandyport, Old Fort Bay and Lyford Caye. Also, housing costs, the steps in buying property, closing costs and more.

Tips-for-Buying-Propery-in-Nassau,-Bahamas

Popular Areas in Nassau, Bahamas for Expats

Sandyport, Old Fort Bay, Lyford Cay, Albany, Love Beach area, Charlotteville, Balmoral and Sea Breeze.

Searching for a Property in Nassau, Bahamas

Thre are a lot of real estate companies here. Some of the better ones I have dealt with are:

Adam Duncombe of ERA Dupuch Real Estate

Marilyn Ayearst-Hartley of Bahamas Islands Realty

Gavin Christie of C.A. Christie Real Estate

and Claire Thackray of Mccarroll Real Estate

Of course that is not to say the rest are all no good but I have come across some shady ones and so prefer to stick with the ones I know are honest and helpful. If you are looking to rent, you probably better off just asking around. Everyone knows people with homes for rent to expats and you will get a better deal not going through a real estate agent, just make sure you have a qualified person look over the lease agreement. If you want to build, speak directly with the builders, ask around to get the names of good ones. If you plan on building in a gated community the association can normally help you with finding a good builder as they don't want poorly developed homes in their community.

What Your Budget Will Buy You in Nassau, Bahamas

Large homes are very expensive in Nassau. If you go out east you can find large homes for much cheaper but be aware the crime level is higher there and this is one of the reasons many expats choose to live more west. Prices are higher in gated communities such as Albany, Lyford, Old Fort Bay and Sandyport but this comes with security guards, boat docks, canals, property maintenance etc. A large home in these communities will be over a million dollars and can get much higher from there. You can find smaller homes in the gated communities for the $700,000 to one million range. If your budget is lower you can look for a condo in these communities for around $500,000 more or less. If you want even cheaper I suggest looking outside these communities in areas like Coral Harbour and South Ocean where you can find much better deals and the risk is not as high as out east. If you are living alone you can also often find small apartments both in and out of the communities that are more reasonably priced.

Before You Buy a Property in Nassau, Bahamas

Above all I suggest renting when you first arrive and take the time to learn the island and make contacts before buying into anything. You will discover that some areas are much more desirable than others. The maintenance cost can also be drastically different depending on where you are located, remember that Nassau is subject to hurricanes and hurricane insurance is quite expensive.

Legal Assistance

Most real estate agents work with lawyers and can recommend good ones. Having a lawyer is nearly mandatory and I would not suggest purchasing a place without one. Again, ask around first and make sure you have a good one. If you cannot find one on your own I suggest contacting Sandy Lightbourne but their are also many other goods ones available.

Costs Involved in Buying a Property

Property taxes are not outrageously high. However their are some high closing costs that a good real estate agent will explain to you. These vary depending on the value of your home and your citizenship. Large homes are taxed at a higher rate when owned by foreigners. The VAT tax was also recently raised which increased the cost of buying and maintaining a home in the Bahamas.

Foreign Property Ownership

Not really, not at the personal property level.

5 Best Places to Buy Real Estate in Nassau, Bahamas

Old Fort Bay: For those who have the finances. This is a an upper scale growing community which promises good return on your investment in the foreseeable future.

Sandyport: A more affordable alternative which is very popular with the expats such as the embassy workers. Values do not get as high as in Old Fort Bay so you may not make as much money on the sale in the future but its a safe bet.

Charlotteville: Another more affordable community that is popular with expats and rental properties.

Cunningham Estates: It's an emerging market right on a beautiful long lake which should gain in value over the next few years.

South Ocean: This is a lower priced neighborhood in the west. If you do not have the finances for the established communities but you have the time to sit on a property until the neighborhood develops this might be for you. As more people are moving out west these areas will become more built up, just don't expect to sale it rapidly.

Moving to Bahamas

Moving to Bahamas soon? AGS Worldwide Movers is a leader in the international moving industry. Their experience and expertise allows them to guarantee their clients the best quality moving services. Get a moving quote today.

Steps in Buying Property in Nassau, Bahamas

Buying a property here in the Bahamas is very similar to most western countries. Find the property you wish to make an offer on and get pre-approved for a bank loan in the range you are looking for, submit the offer through a real estate agent or directly, hire a property lawyer when the offer has been accepted, complete the paperwork and registration process through the lawyer and/or real estate agent. It will help if you have a work permit, already have the finances for the property or are pre-approved for a local loan.

Cigna Expat Health InsuranceExpatriate Health Insurance

Get a quote for expat health insurance from our partner, Cigna Global Health.
Get a Quote

More about Nassau

Guide to Living in Nassau

Guide to Living in Nassau

Expats who choose to live in the Bahamas can explore a Caribbean paradise. Find out what it means to call Nassau, on the island of New Providence, your home.

Healthcare in Bahamas

Healthcare in Bahamas

Expats in The Bahamas share tips and advice about healthcare and health insurance in The Bahamas. Advice about emergency services on smaller islands, flying to Florida for care, ambulance services, prescription medicine and having a baby in the Bahamas.

Moving to Nassau

Work with a good realtor. Talk to people and look at websites. Look for "security" first and foremost. Gated community feels safest if you are alone.

Moving to Nassau

When you're moving to the Bahamas, pack everything in plastic boxes to keep the cockroaches away, consider finding a home in a gated community for better security and make sure you have a extra room for your many guests!

Expat Healthcare & Health Insurance

Expat Healthcare & Health Insurance in Nassau

An expat living in Nassau, Bahamas talks about the quality of healthcare in the Bahamas. He explained that the hospitals and clinics in the Bahamas provide care more quickly than in this home country of Canada. Also, many expats in need of specialized care take a quick trip to Florida.

Retirement in Coral Harbour

An expat who retired in Coral Harbour, Bahamas talks about what it's like living there - from the thriving nightlife to the lack of big stores, financial requirements for permanent residence and healthcare.

Culture Shock in Nassau

An expat in the Bahamas says that learning to throw away schedules and live on island time in one of the most challenging aspects of living in the Bahamas. But, he also explains how the laid back lifestyle and less stressful work environment is one of the most rewarding aspects... you have more time to listen to and be present for your children.

Culture Shock in Nassau

One expat in the Bahamas advised those considering a move there to visit the island several times before making a commitment to live there, make sure the paperwork is in order and know what they getting into prior to coming. She went on to explain that the island is quite segregated and prices are extremely high.

Join our Bahamas Expat Forum

Visit our Bahamas Forum and talk with other expats who can offer you insight and tips about living in Nassau, Bahamas.

More about Bahamas

13-Things-to-Know-Before-You-Move-to-The-BahamasMoving to The Bahamas: 13 Things to Know Before You Move to The Bahamas

Expats in The Bahamas share 13 key considerations for anyone planning to move to the Bahamas.

Pros-and-Cons-of-Living-in-The-BahamasExpats in The Bahamas: Pros and Cons of Living in The Bahamas

Expats in the Bahamas discuss the pros and cons of living in the Bahamas. Topics covered include meeting people, the friendly Bahamians, beautiful beaches, schools, go-with-the-flow attitude, cost of living and the lack of eldercare facilities. Expats in the Bahamas have specific advice about where to live if you have kids and want to meet people.

11-Healthcare--Health-Insurance-Tips-for-Expats-in-The-Bahamas11 Healthcare & Health Insurance Tips for Expats in The Bahamas

Expats in The Bahamas share tips and advice about healthcare and health insurance in The Bahamas. Advice about emergency services on smaller islands, flying to Florida for care, ambulance services, prescription medicine and having a baby in the Bahamas.

Bahamas-Extended-Access-Travel-Stay-(BEATS)-ProgramBahamas Extended Access Travel Stay (BEATS) Program

Spend a year working remotely from the Bahamas with their new Bahamas Extended Access Travel Stay (BEATS) Program. Plus, you can apply online and get approved in 5 days.

Comments & Questions

Sign In or Sign Up to reply

Cigna Expat Health InsuranceExpatriate Health Insurance

Get a quote for expat health insurance from our partner, Cigna Global Health.
Get a Quote

Guide to Living in NassauGuide to Living in Nassau

Expats who choose to live in the Bahamas can explore a Caribbean paradise. Find out what it means to call Nassau, on the island of New Providence, your home.

Healthcare in BahamasHealthcare in Bahamas

Expats in The Bahamas share tips and advice about healthcare and health insurance in The Bahamas. Advice about emergency services on smaller islands, flying to Florida for care, ambulance services, prescription medicine and having a baby in the Bahamas.

Restaurants in NassauRestaurants in Nassau

Have you eaten at Poop Deck in Nassau? Learn about this and other restaurants in Nassau in our new Nassau Restaurant Guide.

Moving to Nassau

Work with a good realtor. Talk to people and look at websites. Look for "security" first and foremost. Gated community feels safest if you are alone.

Moving to Nassau

When you're moving to the Bahamas, pack everything in plastic boxes to keep the cockroaches away, consider finding a home in a gated community for better security and make sure you have a extra room for your many guests!

Expat Healthcare & Health InsuranceExpat Healthcare & Health Insurance in Nassau

An expat living in Nassau, Bahamas talks about the quality of healthcare in the Bahamas. He explained that the hospitals and clinics in the Bahamas provide care more quickly than in this home country of Canada. Also, many expats in need of specialized care take a quick trip to Florida.

Retirement in Coral Harbour

An expat who retired in Coral Harbour, Bahamas talks about what it's like living there - from the thriving nightlife to the lack of big stores, financial requirements for permanent residence and healthcare.

Culture Shock in Nassau

An expat in the Bahamas says that learning to throw away schedules and live on island time in one of the most challenging aspects of living in the Bahamas. But, he also explains how the laid back lifestyle and less stressful work environment is one of the most rewarding aspects... you have more time to listen to and be present for your children.

Culture Shock in Nassau

One expat in the Bahamas advised those considering a move there to visit the island several times before making a commitment to live there, make sure the paperwork is in order and know what they getting into prior to coming. She went on to explain that the island is quite segregated and prices are extremely high.

Tips for Buying Propery in Nassau, BahamasTips for Buying Propery in Nassau, Bahamas

An expat in the Bahamas offers in-depth advice about the real estate market in the Bahamas. Covers he most popular areas for expats like Sandyport, Old Fort Bay and Lyford Caye. Also, housing costs, the steps in buying property, closing costs and more.

Tips for Renting Property in Nassau, BahamasTips for Renting Property in Nassau, Bahamas

An expat talks about renting a home on Paradise Island, Bahamas. Did you know that most rentals in the Bahamas are fully furnished? and many landlords won't allow any of the existing furniture to be removed.

13-Things-to-Know-Before-You-Move-to-The-BahamasMoving to The Bahamas: 13 Things to Know Before You Move to The Bahamas

Expats in The Bahamas share 13 key considerations for anyone planning to move to the Bahamas.

Pros-and-Cons-of-Living-in-The-BahamasExpats in The Bahamas: Pros and Cons of Living in The Bahamas

Expats in the Bahamas discuss the pros and cons of living in the Bahamas. Topics covered include meeting people, the friendly Bahamians, beautiful beaches, schools, go-with-the-flow attitude, cost of living and the lack of eldercare facilities. Expats in the Bahamas have specific advice about where to live if you have kids and want to meet people.

Bahamas Guide
Other Links
Our Story Our Team Contact Us Submit an Article Advertising Travel Warnings

Copyright 1997-2021 Burlingame Interactive, Inc.

Privacy Policy Legal