Should I buy or rent a home in Nassau?

If you have not spent a lot of time in Nassau, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"Buying a home in Nassau can be a great investment. The cost of living is relatively low, and the area is known for its beautiful beaches and warm climate. However, it is important to consider the cost of purchasing a home in the area, as well as the cost of upkeep and maintenance. Renting a home in Nassau can be a great option for those who are not ready to commit to buying a home, or who are looking for a more flexible living situation. Renting can also be a great way to explore the area and get to know the local culture before making a long-term commitment," commented one expat who made the move to Nassau, Bahamas.

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"We rented at first to make sure we were happy here. We later bought a home and both options work well. For the residency documents you can use either a rental lease or a property deed but the minimum value has changed over the years," remarked another expat in Coral Harbour, Bahamas.