The Bahamas is an archipelago of 700 islands and 2,400 cays in the Atlantic Ocean, where the sun shines 340 days a year. Unlike the islands of Oceania, the Bahamas are not separated from the islands by hundreds of kilometers of water surface; on the contrary, the coast of Florida and Cuba is very close. The combination of these factors makes the local market attractive for buying real estate from a developer in the Bahamas.
Advantages of buying real estate from a developer in the Bahamas
The primary real estate market in the Bahamas showed a 12% increase compared to 2024: everything increased, from the growth in the number of objects being built to demand from foreigners. Let's look at the main advantages of new buildings in the Bahamas:
- Direct transactions. You can buy real estate in the Bahamas from a developer with a savings of 6-10% of the cost of the object on intermediary commissions. It is enough to directly contact the developer.
- High rental income. Tourist flow (8 million visitors in 2024) provides rental income in new buildings in the Bahamas at the level of 7-9% per annum in the areas of Nassau and Paradise Island.
- Quality guarantee. Local developers are required to build properties with resistance to category 5 hurricanes. This does not mean that hurricanes of this strength often pass through the region, but rather insurance that the housing will definitely withstand.
- Individualization of projects. At the construction stage, buyers can adjust the layout or choose finishing materials.
Features of new buildings in the Bahamas from the developer
The primary real estate market in the Bahamas is adapted to local market conditions. In 2024, 65% of new properties are apartments and villas in coastal areas. Key features:
- Climate resistance. Buildings are built with hurricanes in mind: reinforced concrete structures and hurricane-resistant windows can withstand winds of up to 240 km / h.
- Coastal location. 85% of new buildings in the Bahamas are located within 500 m from the ocean.
- Investment incentives. If you buy a home from a developer in the Bahamas for a total of $750,000, you can get permanent residence under the Economic Permanent Residency program.
Cost of new housing in the Bahamas
The cost of new housing in the Bahamas is consistently high. The most expensive are villas with land plots, the cheapest are compact apartments in the depths of non-capital islands. In general, the market is more focused on the premium segment, especially on Paradise Island.
Average cost of real estate in the Bahamas by type:
| Type of property |
Average price per m² |
Approximate cost |
| Apartments | $3300 | $650,000 за 70 m² |
| Villas | $6000–$12,000 | $2,5–25 millions |
| Townhouses | $5000 | $1,2 million |
Luxury real estate often reaches sky-high prices, especially in prestigious areas. For example, on Paradise Island in Ocean Club Estates, a villa with an ocean view and a private dock costs $15–20 million. On Harbour Island (Eleuthera), an estate with a pink beach and 10 acres of land was put up for sale for $25 million in 2024. On Abaco, a private island with a villa and its own marina is valued at $12 million.
Average property prices in the Bahamas by island:
| Island / Neighborhood | Condo (from) | House (from) |
Luxury (from) |
|
Nassau (New Providence) |
$721,340 | $800,000 | $2,500,000+ |
| Paradise Island | $520,000 | $700,000 | $6,500,000+ |
| Lyford Cay | — | $2,500,000 | $60,000,000 |
| Albany | — | $6,500,000 | $10,000,000+ |
| Old Fort Bay | — | $1,500,000 | $5,000,000+ |
| Grand Bahama | $250,000 | $272,420 | $1,000,000+ |
| Exuma | $300,000 | $500,000 | $1,500,000+ |
| Eleuthera | $149,000 | $495,000 | $1,000,000+ |
| Cat Island / Andros |
$35,000 (land plot) |
$100,000 | $500,000+ |
