February 5, 2021
Mario Carey
Stories this photo appears in:
‘Buy good real estate but a cheap vehicle’
Suggestions that today’s Budget will seek to “promote home ownership” and green energy yesterday generated calls for an attitude overhaul and a variety of tax reforms from participants in both sectors.
Realtor: Nearer 10% of tax increases ‘fair’
A Bahamian realtor yesterday revealed that evaluations he conducted for his commercial property clients showed that closer to 10 percent of their real property tax bills are “fair and reasonable”.
Ex-Bacardi plant in ship repair potential
A multi-million dollar New Providence boat/yacht repair facility is just one of the investments that can be unlocked by a property “that doesn’t exist anywhere else in The Bahamas”.
Commercial properties: 70% behind on taxes
Some 70 percent of commercial properties are in arrears on their real property tax payments, it was revealed yesterday, although a “high proportion” of Bahamian homeowners are compliant.
Foreign appraisers ‘an insult’ to local realtors
A Bahamian realtor yesterday argued that the use of foreign appraisers is “an insult” to the local industry as he backed arguments that the 2022 real property tax bills are “null and void”.
‘We can’t become a nation for sale’
A prominent realtor yesterday voiced fears The Bahamas will become “a nation for sale” unless it quickly gets its $10.4bn national debt and associated economic and fiscal crises under control.
Realtor backs $1m residency threshold
The real estate investment threshold for economic permanent residency should be increased from $750,000 to at least $1m, a well-know realtor argued yesterday.
Voters urged: Challenge parties on business ease
A prominent realtor yesterday urged Bahamian voters to challenge general election candidates on how they plan to drag The Bahamas’ ease of doing business “from a third world mentality to a first world mentality”.
Realtor moves into new territory: $3bn projects ‘on table’
A leading realtor yesterday acknowledged he has taken a risk in stepping outside the profession to launch a venture that has $3bn in potential projects “on the table”.
Property tax woe ‘a colossal mess’
Leading realtors yesterday branded the real property tax system “a colossal mess” that needs to be outsourced to the private sector after it was revealed that up to 40 percent of bills go astray.
Comments
Use the comment form below to begin a discussion about this content.
Sign in to comment
Or login with:
OpenID