The 700-member strong Bahamas Real Estate Association (BREA) todaylauded government’s decision to reconsider a proposed real property tax
hike, calling the reversal a move that would stave off a negative impact
on the second home market and would reaffirm faith in The Bahamas as a
stable investment option.
“BREA welcomes Government’s decision to
revert to the pre-Budget definition of owner-occupied residential
property, eliminating the onerous requirement that owners spend six
months of the year in residence,� said BREA President Christine
Wallace-Whitfield…
Source: https://www.thebahamasweekly.com
