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Nassau, Bahamas

Real Estate in Nassau, Bahamas

By Betsy Burlingame

Last updated on Jan 08, 2023

Summary: People living in Nassau, Bahamas offer advice about real estate. How do you find a home in Nassau? Should you buy or rent? What is the cost of housing?

How do I find a place to live in Nassau?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Nassau has plenty of housing options for its residents. You can start your search for a place to live by looking for rental listings online or in local newspapers. You can also contact local real estate agents and property management companies to see what rental options are currently available. Additionally, consider reaching out to friends, family, and other members of the community for referrals and advice," said another person in Nassau.

"Saw a variety of places in the West on a prior visit and gave realtor an idea of what I liked. Recommendation from local contacts was to look out West as traffic from East into town was terrible and job was in town," added another expat who made the move to Nassau.

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What is a typical expat home or apartment like in Nassau?

"Expat homes and apartments in Nassau tend to be luxurious and high-end. Most expat rentals are located in neighborhoods that are close to the marinas, beaches, restaurants and shops, providing convenient access to everyday amenities. Apartments and houses often feature modern, high-end finishes with all the comforts of modern living. Common amenities include air-conditioning, ceiling fans, marble and tile floors, stainless steel appliances, a washer and dryer and private outdoor space, such as a terrace or patio," remarked another member in Nassau.

"I live in a gated community with a pool. It's a townhouse style condo and the complex of 20 units is made up almost entirely of expats," explained one expat living in Nassau, Bahamas.

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What is the average cost of housing in Nassau?

If you are thinking about moving to Nassau, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Nassau varies depending on the area and type of housing. On average, the cost of a one-bedroom apartment can range from approximately $1,100 to $1,900 per month, while the cost of a three-bedroom house can range from approximately $2,000 to $3,400 per month," said another person in Nassau.

"About the same in terms of rent. Of course, in Bahamas everything comes furnished. You won't find that in Connecticut. ELECTRICITY here is ridiculously expensive," remarked another foreigner who made the move to Nassau.

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Should I buy or rent a home in Nassau?

If you have not spent a lot of time in Nassau, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Buying a home in Nassau may be a smart financial decision depending on your individual situation. While renting in Nassau may offer more flexibility, it may be more expensive over the long-term since you would not be building equity in your property. Before making a decision, you should consider your budget, how long you will stay in the area, and whether you need to stay mobile in the future. Additionally, the local real estate market should be taken into account when making this decision, as the cost of rent or purchase may vary depending on the market conditions," added another expat who made the move to Nassau.

"We rented at first to make sure we were happy here. We later bought a home and both options work well. For the residency documents you can use either a rental lease or a property deed but the minimum value has changed over the years," explained one foreigner living in Coral Harbour, Bahamas.

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What appliances are typically included in a rental?

We asked foreigners in Nassau what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"Most rentals are completely furnished with all the main appliances necessary to live. It was hard to find a rental property where we could put our children's room set. Many of the properties are set up for vacationers so much of the furniture is whicker and cheap. A well furnished home is out there, but must be looked for," explained one expat in Nassau.

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About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

Nassau, Bahamas

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