The 5 Myths Foreign Buyers Believe About The Bahamas

Buying property in The Bahamas is a dream for many foreigners — but too often, buyers walk in with the wrong information. These myths don’t just cause confusion, they cost people money and opportunity. Let’s clear them up.

1. “All Foreigners Need Permits to Buy”

Not always true. If you’re buying under 2 acres for personal use, you don’t need a permit — just registration. Bigger lots or commercial use? That’s where permits come in.

2. “The Bahamas is Only for Billionaires”

Yes, celebrities love it here — but so do middle-class families from the U.S., Canada, and Europe. Condos, townhomes, and investment properties make the market more accessible than many think.

3. “Bahamian Banks Don’t Lend to Foreigners”

Wrong again. Some local banks do offer financing to qualified foreign buyers, often with higher down payments. Assuming you can’t borrow here could mean missing a deal.

4. “Rental Income is Easy Money”

Sure, demand is high — but management is real work. Without a property manager, your “passive income” could turn into a stressful side hustle.

5. “Every Island Offers the Same Lifestyle”

Nassau isn’t Exuma. Eleuthera isn’t Abaco. Each island has its own vibe, pace, and community. Choosing the wrong one is the fastest way to regret your purchase.

“Foreign buyers often assume The Bahamas is one-size-fits-all. But success here is all about matching your lifestyle goals to the right property, on the right island.” — Matt Sweeting

The Bottom Line

Foreign buyers love The Bahamas, but bad assumptions can cost you. Don’t let myths stand between you and your island home.

Talk to a local broker before you buy — we’ll help you avoid costly mistakes and find the right fit.