May 17, 2019
Luxury island living with unmatched resort amenities on Paradise Island Bahamas at Thirty-Six Condominiums with eligibility to apply for permanent residency and tax incentive.
Nassau N.P, Bahamas - May 18, 2019 /PressCable/ —
For Immediate Press Release
NASSAU, Bahamas, (CSB) May 18, 2019
The luxury turnkey residences at the new Paradise Island condominiums Thirty-Six are now ready for occupancy enhancing TheBahamas real estate listings now available to international vacation home buyers.
Bahamas Realtor, Glenn Ferguson speaking about the development said “We are all excited to see the completion of condo residences as it increases the inventory of luxury Paradise Island condos for sale and satisfying the demand of our clients interested in owing a luxury residence on mega resort amenities rich, Paradise Island.”
Thirty Six, is a 36-unit luxury condo residences on Paradise Island, built by Aristo Development in partnership with Bahamas- and Cayman-based Sterling Global Financial. Featuring nine-and-a-half-foot ceilings, storm-rated glass, fine molding around all doors and windows, top-of-the-line appliances, lavish bathrooms and large patios in the residences and amenities include an infinity pool and deck and a fitness center. As well as being within walking distance of the Atlantis Resort and Four Season’s Ocean Club and their incredible offerings.
However, person interested in acquiring one of these residence will have to act fast as there are only a handful of luxury homes for sale still available. Ferguson says, “The interest and appetite for this unique property on world famous Paradise Island has been incredible. Studio units and one-bedroom units are already sold out; just five, Two-Bedroom, Two-Bath residences and Five penthouses featuring private rooftop terraces that are still avaialble.”
In responding to the questions “Can a foreigners buy a house in The Bahamas?” Ferguson says “The Bahamian real estate market overtime has developed into an accommodating host for international investments and there are no restrictions on foreigners buying property. In fact, the International Persons Landholding Act which took effect in January 1994 and amended in 2007, replacing the Immovable Property Act of 1981, makes it much easier for foreigners to purchase property in the Bahamas. There is also The Bahamas Vacation Plan and Timesharing Act, 1999, which protects vacation home owners allowing them to buy real estate without risk.”
Ferguson say, that “The government also offers accelerated consideration of applications for annual or permanent residence to major international investors and owners of residences valued at $500,000 or more. Therefore, owners of these luxury residencse at Thirty Six will be afforded the same opportunity to become permeant residents of The Bahamas.”
When asked about “buying a vacation home in The Bahamas?” Ferguson said, “The same rule apply to buying a vacation home, with the exception that the law requires all foreigners who plan to lease out their properties to register with the Bahamas Investment Authority and pay and collect the appropriate fees. Annual resident permits are also available with varying costs depending on the category of permit. These cards allows the holder to remain in The Bahamas for the duration of the permit and is intended to facilitate easy entry into The Bahamas with minimal formalities.” However, it’s important to note that these cards do not permit the property owner or holder to be employed in The Bahamas.
About Thirty Six:
THIRTY-SIX, a truly unique collection of 36 luxury residences located on Paradise Island, in The Bahamas. Built by Aristo Development in partnership with Bahamas- and Cayman-based Sterling Global Financial. With residences featuring nine-and-a-half-foot ceilings, storm-rated glass, fine molding around all doors and windows, top-of-the-line appliances, lavish bathrooms and large patios in the residences and amenities include an infinity pool and deck and a fitness center. All within walking distance of the Atlantis Resort and Four Season’s Ocean Club.
About Condos for sale in The Bahamas:
Condos for Sale in the Bahamas is a luxury real estate firm founded in 2001 located on West Bay Street in Nassau, New Providence and provides individually tailored real estate consulting and marketing services for persons looking to buy, sell or lease realty in The Bahamas. The company boasts of having strategic partnerships with Legal, Accounting & Tax, Finance & Investment expertise, making it a one stop shop for investors looking to buy real estate in The Bahamas.
Glenn brings a relentless work ethic and unmatched knowledge of the real estate environment in the Bahamas and is focused on long term relationships, developing new ideas while continuing to improve the service and results offered to existing clientele. He is always enthusiastically thinking of new strategies and ways to help his clients and make things work for them despite any obstacles or market challenges. ASK Glenn Bahamas Real Estate Questions
Name: Glenn S. Ferguson
Email: Send Email
Organization: Condos For Sale in The Bahamas
Address: West Bay Street SP 60592 Bahamas, Nassau N.P, N.P 60592, Bahamas
Release ID: 514302
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