The 1993 International Persons Landholding Act allows foreigners seeking second homes to buy a house or vacant land of five acres or less without a permit. Owners can then purchase a home owner residence card, or if the property is worth $500,000 or more, apply for Permanent Residency status.

With low property taxes and investment starter prices, timeshare is becoming increasingly popular both in Nassau and Grand Bahama.

Luxury resorts on Cable Beach, Paradise Island and Freeport, Lucaya offer great deals with all the mod cons and services.