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Old 26-11-2007, 09:35 PM
investalot investalot is offline
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Join Date: Nov 2007
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Hello everyone, I thought I would add my tuppence worth as I have purchased just across the water from Florida on Grand Bahama Island (The Bahamas) and for me it has the advantage of easy reach to U.S.A. but on a beautiful Caribbean island,without the millions of people,great prices,NO CGT,NO property tax,NO inheritance tax and many duty free concessions if operating a business within the Port Authority area.Most investment in the Bahamas has gone over to Nassau but it tells you something when they (people from Nassau) are buying up land and property in G.B.I.
I bought a new 3 bed on the water on a quarter of an acre for £150k and can return 10% yield on a long let if I wish. See Ginn and Harcourt developments they are investing here too.
P.S. Decided to move over here for six months to try out the property-loving it !!
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