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Mark Twain observed that land is always a good investment because no more of it is being made. BAHAMAS PROPERTY FOR SALE represents an instance of this but it is also an opportunity to obtain an investment that one can enjoy for its own sake, in terms of wide seas and an air of freedom and relaxation. The islands have attracted many people over the centuries. Famous pirates enjoyed the shallow seas and islands that might have proved good hiding places where treasure could be buried. During the 1950s famous writers like Hemingway and Steinbeck migrated to the warmth and freedom of the islands and later celebrities like Princess Margaret led the jet set to frolic in the waves. The country has now a stable and democratically elected government. In the past slavery, rum running and piracy have flourished but such illicit activities belong in the past and actually add colour to what is now a respected democratic country. It is a country that attracts that has been attracting tourists and their money for some years now. Since 1964 there has been national independence. However, the long history of colonial rule from Britain has ensured the establishment of a strong legal framework that protects the right of individuals. Amongst these secure constitutional rights is the right to own land. There is, moreover, access to a clear and understandable administrative system. The rights of foreigners to own land in the Bahamas are secured by the International Persons Landholding Act of 1993. After an initial stamp duty tax calculated on the value of the land it is owned in perpetuity. In 1995 the Bahamas Real Estate Association was given authority to regulate all transactions and this adds clarity and security to transactions. A variety of property types are available. An affordable option may be a condominium in a complex. This can serve as a holiday apartment and also a sources of rental revenue. Duplex apartments of various sizes are also available. For families there are villas, many of them with sea frontage. These may well be considered investments in luxury property. The ultimate in BAHAMAS PROPERTY FOR SALE may be one of the seven hundred islands. This may include its own private jetty and perhaps a landing pad for a helicopter. A celebrity who could afford this and really does yearn for the privacy to offset all the publicity could find a private island very interesting, but even a lottery ticket holder could consider including this ultimate status symbol in his dreams.
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