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Welcome to Long Island Projects, we are a company focused on offering you 'off-plan' sales opportunities in this embryonic development of Stella Maris, in Long Island, Bahamas, located 160 miles southeast of Nassau.
We have a limited number of exclusive locations available overlooking the forthcoming $100million marina & golf course development of Port St. George,
the latest luxury destination
in the Bahamas. |
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| Why NOW is a good time to buy Real Estate in the Bahamas
With volatile financial markets and rising inflation, Damianos Sotheby’s International Realty provides you with the Top 10 reasons why NOW is a good time to buy real estate in the Bahamas.
- The Bahamas is a politically and economically stable country, having the longest uninterrupted democracy in the western hemisphere.
- The Bahamas Government does not tax on capital gains or rental income earned from real estate holdings.
- There is no red tape for foreigners purchasing vacation or second homes in the Bahamas.
- Many foreign purchasers qualify for Economic Permanent Residency status which can lead to significant tax advantages in their home country.
- Real Estate is a great hedge against inflation.
- There was no ‘housing bubble’ in the Bahamas and there is no mortgage crisis. Properties in the ‘vacation home’ segment of the market have been consistently appreciating over the years.
- The Bahamian currency is on par with the U.S. dollar which provides favorable exchange rates to British, European and Canadian purchasers.
- Demand for Bahamian property invariably exceeds the supply in this small island nation.
- The Bahamas is an English-speaking country with daily direct flights to and from dozens of international cities.
- The beauty of the Bahamas continues to attract numerous individual investors, millions of tourists each year and billions of investment dollars each year from some of the world’s most respected hospitality and development firms.
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