Corner hilltop lot in Eleuthera Island Shores

What people say about Bahamas

Sources agree that foreigners can own Bahamian property outright and that an ordinary home purchase needs a registration filing through a Bahamian lawyer, not a discretionary permit.

• Positive Foreign buyers mostly register rather than seek a permit; permit applies to large or commercial land
• Mixed Closing costs are dominated by a 10% transfer VAT for foreign buyers, usually split with the seller, plus legal fees
• Mixed Annual property tax is being reshaped in 2026 (new foreign owner-occupied category), and Bahamian realtors dispute fairness
• Concern Vacant land owned by foreigners carries a notably heavier tax until built on

Read what people say, based on 14 sources