For Immediate Press Release
NASSAU, Bahamas, (CSB) April 24, 2019
Construction of the new Paradise Island Condominiums at Thirty-Six is now complete and the luxury residences are ready for occupancy. Bahamas Realtor, Glenn Ferguson speaking about the the development said “We are all excited to see this development completed as It’s great to now be able to offer clients interested in owing a luxury residence on Paradise Island a completed project, they are now able to see what was previously just a concept come to reality and able to appreciate the developer’s vision.”
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.”
Ferguson goes on to say however, that “The property must be registered with the Investment Board and the Central Bank after the purchase and a permit from the government is only needed if the property you are buying is more than five acres or is an undeveloped piece of land.”
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.
Release ID: 506322