Where to Buy Real Estate in The Caribbean

The Caribbean continues to be a hot spot for potential homeowners shopping for their vacation or second home.  Putting the obvious perk of amazing weather aside, we’ve put together some valuable insights to help when evaluating where in the Caribbean you will want to invest in real estate and your future. 

Flight Accessibility

The accessibility of your destination property is a top consideration for many buyers.  Whether coming from Toronto, New York or Miami, these popular Caribbean destinations all have direct flights.  That said, the number of overall flights available, direct flights, and time in the air vary which is a significant factor when traveling frequently. 

= number of direct flights          = flight time          Source: FlightsFrom.com

	Miami	New York	Toronto
The Bahamas	30 / wk	21 / wk	7 / wk
	35 min.	3 hrs.	3hrs 20min.
Bermuda	4 / week	6 / wk	2 / wk
	2hrs 50min.	2hrs 27min.	2hrs 42min.
Barbados	8 / wk	7 / wk	5 / wk
	3hrs 35min	4hrs 45 min	6hrs 5min.
Turks & Caicos	7 / wk	7 / wk	5 / wk
	1hr 45min.	3hrs 35 min.	4hrs 5min.
Cayman Islands	2  / wk	8 / wk	3 / wk
	1hr 40min.	5hrs	5hrs 20min.

Caribbean Lifestyle Perks

No matter where you buy in the Caribbean, you’re settling into a relaxed lifestyle.  Each island will have it’s own take on activities and the day-to-day living experience.   Beach strolls and island hoping will be accessible no matter where you land in the Caribbean.

However, If you’re looking to slip into a routine that includes Caribbean sunsets but doesn’t sacrifice the conveniences of home in North America, Nassau, The Bahamas may be your best bet.

Nassau offers access to luxury shopping and world-class dining not available on other islands in the Carribbean.  Home to two of the most popular Caribbean destination resorts, Baha Mar and Atlantis, Nassau home owners looking for lifestyle variety have it all.

Tax Benefits & Buying Considerations

Many looking to invest in the Caribbean Islands are aware of the considerable tax benefits to homeowners who seek permanent residence through real estate investment. 

When reviewing the accessibility of permanent residents, potential home buyers may want to consult: 

Invest In The Bahamas

With only a $750K investment required to apply for permanent residence and no other time-consuming prerequisites, it is one of the most accessible Caribbean countries for real estate opportunities.

Economic Climate

A look at economic status enhances confidence in the stability of a location’s real estate potential. Overall, the Caribbean has seen gains over the last decade, with demand for real estate remaining strong even through the pandemic.

The Bahamas maintains the highest GDP* among the Caribbean Islands and continues to strengthen its economic position by diversifying from tourism and targeting investment in light manufacturing, technology, agriculture, and renewable energy.

More can be learned about The Bahamas’ economic vision by visiting vision2040bahamas.org.

*Source: Statista.com

Weather

Coming back to weather!  Yes, in general you’re going to be enjoying incredible weather no matter where you are in the Caribbean!  

However, if you’re looking to spend time in on the islands throughout the year, you’ll want to look at weather averages over the seasons because they do vary! 

Perfect Temps in The Bahamas

With a median temperature of 82℉, Nassau’s climate makes for an unmatched destination to purchase your dream getaway home. Some Caribbean destinations, like Panama City, come with heat warnings and air conditioner concerns. Others, like Bermuda, reach mid-60 degree temperatures in the winter that aren’t as ideal for poolside lounging. You can bet on the Bahamas weather – for an always-tropical paradise – the perfect year-round escape from everyday life.

A Strong Case to Buy Bahamas Real Estate

Nassau has long been an ideal destination for property investors, boasting no taxes and a smooth process to permanent residency via real estate investment. Busy executives or retirees who need easy access to travel will be especially pleased with this Caribbean location – not only does it provide the perfect warm climate year-round, the luxurious lifestyle options and access to North Amercian style amenities guarantee an easy transition to living on New Providence.