November 6, 2012
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Gov't urged: Act 'sensitively' over real estate reform
The Government must approach real estate policy reforms “sensitively”, a well-known attorney warning that proposed changes could cost the Bahamas “a percentage” of its second home market.
First-time buyers: 50% losing Stamp Tax break
The Government may have disqualified 40-50 per cent of the first-time home buyer market from obtaining Stamp Duty exemptions on their purchases, a leading attorney warned yesterday.
Real estate market ‘far stronger’ from Duty exemption talks
“Productive” discussions between the Government and real estate-related professions over the ‘first-time buyer’ Stamp Duty exemption should stimulate “a far stronger and more active market”, Tribune Business was told yesterday.
Bahamas' bottom property ranking 'not alarming'
While the Bahamas will continue to rank among the world’s worst when it comes to the ease of registering property unless it moves to a “registered title system” and reduces its reliance on Stamp Tax derived from real estate transactions, an attorney said yesterday that the situation was “not alarming”.
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