The Bahamas has always been a desirable real estate investment hub. From star-studded celebrities to the uber-rich elites that are comparably more private, luxury consumers from the US, Canada and UK have been making sizeable purchases in the islands.
The motives behind well-off clients acquiring properties in The Bahamas go beyond that surface. Here are five reasons why wealthy buyers are choosing this destination for their second, third and fourth homes:
1. Multi-Million Dollar Communities and Celebrity Neighbours
Multi-million dollar developments found in, what many would consider to be the best selected locations on the islands make luxury purchases no unfamiliar concept. There are a number of home investments with a stunning elegant appeal. Which is situated in posh areas. This is ideal for the wealthy buyer. Many of the luxurious real-estate listings in The Bahamas are located directly within top-rated high-end resorts. Some of these resorts are the Atlantis or in upscale gated communities like Ocean Club, Albany, and Lyford Cay. All boasting state-of-the-art facilities and massive golf courses.
Wealthy buyers have the ability to scope such areas for the perfect penthouses, condos, or grand mansions which suit their liking. Options are not limited in The Bahamas. Therefore, this is making it easy for these individuals to score exactly what they are looking for. BE Luxury and their brilliant team of advisors are providing tailored assistance to select valuable property. In short, we are making process of a wealthy person selecting a valuable property even easier. For example, You can check available Bahamas homes for sale right now on BE Luxury Bahamas Real Estate and contact our team to get valuable assistance.
2. Private Island Options
In the Bahamas, there is also no shortage of private islands available to purchase. Therefore, each one Bahamas Island being special and charming enough to attract a prosperous buyer. Most importantly, wealthy people prefer to reside in a place that provides remoteness and exclusivity. Bahamas Private islands offer all of that and more. Those looking for an ultimate retreat, sizing thousands of square feet. They can invest in majestic Grand Bahamas islands real estate. This is positioned in remarkable archipelagos. For example, the Exuma Island, Cays or even Abaco Island.
3. Steady Economy
Wealth talk cannot go on for much longer without discussing economics. The Bahamas has some beneficial economic aspects. These contribute to the rationale behind choosing to invest large dollars in the beautiful country. As a result, It has been able to sustain a stable economy with strong and thriving industries like tourism and banking. In addition, who doesn’t love a place that can limit the headache associated with conversion rates? The fact that the Bahamian dollar is on par with the US dollar is another compelling factor.
4. Tax Breaks
The economic environment of The Bahamas can be seen as even more distinguished. When looking at the favorable Bahamas real estate tax breaks that residents get to enjoy. There is no income, estate or corporate taxation imposed in the country. Which means wealthy people get to save. The burden of high-taxes tends to plague other countries around the world. But The Bahamas is just one of the few that can be tax-friendly. Cash-rich investors find this to be an extreme win for them in most cases. Therefore, they choose to spend and live in the country.
5. Incredible Vacation bahamas Homes
The Bahamas is commonly listed among the countries that are praised for their perfect beauty. Wealthy buyers are always looking for places to purchase a vacation home and developments. Which found on the gorgeous Bahamian islands are second to none. The permanent attractiveness of the country is derived from the alluring beaches. Which possess crystal-clear blue waters, shining sand landscapes and iridescent palms trees. You can find an impressive collection of Bahamas homes very near to these beaches. Which is perfect for a relaxing ambiance and scenic views.
If you’re a wealthy buyer looking to choose the best real estate in the Bahamas, get the help you need from BE Luxury.