The cost of buying property in Bahamas: taxes & fees
Purchasing property in the Bahamas comes with various costs that extend beyond the asking price. Understanding these expenses is essential to ensure you budget effectively for your investment.
In this guide, we will outline the one-off costs involved in buying property, ongoing expenses, and considerations for non-residents seeking mortgages.
One-Off Purchase Costs
When buying property in the Bahamas, you need to account for several one-off costs in addition to the purchase price. These typically include transfer tax, notary fees, and legal fees.
Transfer tax, or property tax, can vary but is generally a percentage of the purchase price. Notary and legal fees are additional costs that can also vary depending on the complexity of the transaction.
Frequently asked questions
What are the typical one-off purchase costs when buying property in the Bahamas?
One-off costs generally include transfer tax (usually a percentage of the purchase price), notary fees, and legal fees, which together might total around 6-8% of the property's price.
Can you provide an example of total purchase costs at the typical price?
At a median asking price of 37,500 EUR, budget around 2,250 to 3,000 EUR for one-off costs, assuming 6-8% in additional fees.
What ongoing costs should I expect after purchasing property?
Ongoing costs can include annual property taxes, community fees (if applicable), utility bills, and insurance.
Do non-residents face different mortgage costs in the Bahamas?
Yes, non-residents may find fewer mortgage options and potentially higher interest rates. It's advisable to consult local financial institutions for guidance.
This guide is general information, not legal, tax or immigration advice. Rules change — verify the current position with official sources and a qualified professional before acting. Last reviewed September 2026.