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Caves Heights condominiums offers affordable investment properties for new permanent residents
Wednesday September 11th, 2013
Caves Heights condominiums in the Bahamas offers affordable
investment properties for new permanent residents
NASSAU, BAHAMAS (September XX, 2013) – Foreign investors from around the world are flocking to The Bahamas to bask in the warm weather and enjoy the low cost of living. Gaining permanent residency in The Bahamas remains a highly feasible option and the private Caves Heights condominium development in Nassau offers the ideal solution - affordable oceanfront property with all the benefits. The Bahamas has zero rate income tax, capital gains tax, wealth tax, or inheritance tax, while no VAT is levied for properties valued at up to 500,000 USD.
“We’ve seen a significant increase in the number of foreign investors expressing interest in our properties priced above $500,000 USD,” said Gustaf Hernqvist, sales & marketing vice president of Caves Heights. “The demand for these condos is extremely high now that there is an increased awareness of the strong investment potential in the Bahamas, with the remaining available units now becoming an exclusive commodity.”
Residency rules in The Bahamas require a minimum investment of $500,000 USD in real estate, however the government is reportedly considering a possible increase in this figure to $750,000 USD. Applicants must be of good financial standing and before taking any decisions, foreign investors should always research the rules for foreign real estate investments that apply in their country of residence, and also all standards and rules are met when changing residency.
Caves Heights offers investors luxurious accommodations with a beautiful Caribbean backdrop. The private gated community features two-, three-, or four-bedroom penthouse condos ranging from 1,855 to 4,594 square feet and most priced between $695,000 and one million USD. Amenities include a heated lap pool for year-round fitness, a family fun pool with a central dining island, an in-pool rock formation with a swim-inside seating area, a well-equipped fitness center offering both a weight room and an aerobic room, an illuminated hard surface tennis court, tennis viewing pavilions, gazebos, fountains, viewing platforms, a family BBQ, 24 hour security, air conditioned storage and plenty of parking.
The adjacent Caves Village is reached via a golf cart track, with golf carts provided to Caves Heights residents, and offers a variety of shops, an Italian restaurant, a Chinese and dim sum restaurant, a luxurious spa, hair and nail salon, a fine wine store, a pharmacy and other amenities in a fountain courtyard style development with lit paved walkways and exquisite landscaping.
With convenient direct flights from major cities in Canada, the US, South America and the United Kingdom, among others, Nassau has become one of the most easily accessible second-home destinations for foreign investors in the Caribbean.
About Caves Heights: Oceanfront real estate is at the top of the list for buyers in search of an excellent investment opportunity (and tax benefits!) in a highly sought-after destination that is experiencing an exciting economic boom and renaissance. The ultimate island lifestyle awaits owners in elegantly furnished two– and three-bedroom condos and four-bedroom grand penthouses, all with spectacular oceanfront views in West Nassau, which has successfully remained independent of world markets. www.cavesheights.com
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