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Property Rights in Paradise

                 SESSION TITLE




          Saturday, November 10, 2012

       By George A Hayek CIPS TRC AHWD




                                        www.IslandAndResort.com
                                   South Florida | Bahamas | Caribbean
www.IslandAndResort.com
South Florida | Bahamas | Caribbean
Lifestyle – Weather – Investment – Culture

          No Problem Mon!



                                 www.IslandAndResort.com
                            South Florida | Bahamas | Caribbean
Beaches


     www.IslandAndResort.com
South Florida | Bahamas | Caribbean
Boating


     www.IslandAndResort.com
South Florida | Bahamas | Caribbean
Golf


     www.IslandAndResort.com
South Florida | Bahamas | Caribbean
Diving


     www.IslandAndResort.com
South Florida | Bahamas | Caribbean
Fishing


     www.IslandAndResort.com
South Florida | Bahamas | Caribbean
Casinos
     www.IslandAndResort.com
South Florida | Bahamas | Caribbean
 The tropical 2nd home market was similar to real
  estate conditions in the US
 Developers with high hopes lost millions and just
  shut down
 Today we have a resurgence of new resort
  developments around the tropical Atlantic and
  Caribbean
 The Bahamas is a good example




                                       www.IslandAndResort.com
                                  South Florida | Bahamas | Caribbean
www.IslandAndResort.com
South Florida | Bahamas | Caribbean
 Proximity to North and South America
 Stable Democracy Since 1729
 Currency Pegged to the US$
 Freehold Property Ownership
 Favorable Taxation
 Reliable Infrastructure
 Friendly Culture




                                     www.IslandAndResort.com
                                South Florida | Bahamas | Caribbean
 New   Providence /Nassau / Paradise island
 ◦ Baha Mar, Bayroc, Ocean Place, Caves Heights, Palm Cay
 Abaco
 ◦ Pineapple Point, Schooner Bay, Bakers Bay
 Bimini
 ◦ Bimini Bay, Rockwell Island
 Eleuthera
 ◦ Cotton Bay, Cape Eleuthera, The Cove
 Exuma
 ◦ February Point, Blackpoint, Marina Residences at Sandals
 Others   on Grand Bahama Island, Long Island, etc.

                                               www.IslandAndResort.com
                                          South Florida | Bahamas | Caribbean
 Nassau,   Bahamas
 Bimini, Bahamas
 Scrub Island, BVI
 St. Kitts
 Anguilla
 South Florida




                           www.IslandAndResort.com
                      South Florida | Bahamas | Caribbean
 When   buying Property you possibly receive
  citizenship, residency or even social services
 Variables by Country
 ◦ Ownership Type
   Fee Simple
   Rental Pool
   Fractional
 ◦ Residency Types
 ◦ Title Conveyance
 ◦ Purchase Processes
   Commissions, Taxes & Fees

                                      www.IslandAndResort.com
                                 South Florida | Bahamas | Caribbean
Citizen   or Resident or Tourist
 ◦ Bahamas                Annual Resident
 ◦ BVI / Turks & Caicos   Belongers
 ◦ Dominica               Foreigner or Alien
 ◦ Dominican Republic     Provisional Resident
 ◦ Grand Cayman           Resident
 ◦ Jamaica                Returning Residents
 ◦ Nevis / St Kitts       Economic Citizen
 ◦ Sint Maarten (Dutch)   Working Resident

                                  www.IslandAndResort.com
                             South Florida | Bahamas | Caribbean
 Realtor   Associations
 ◦ Be Careful!
 ◦ Some Island Countries have Associations and Some
   Don’t.
 ◦ The Bahamas BREA is Aligned with NAR
   Palm Beach Association is the Ambassador
 Government   Regulations Vary by Country
 Broker Relationships a Must
 Referral Agreements in Writing




                                        www.IslandAndResort.com
                                   South Florida | Bahamas | Caribbean
 Warm Climate Developments are sprouting up
  around South Florida and the Tropics
 Too much to be an expert on all
 ◦ knowing where to find the correct information and
   who to speak with are keys to success
 Servicing the customer is the focus
 Refer to Broker with local knowledge
 Know the Country rules and Cultural
  idiosyncrasies


                                       www.IslandAndResort.com
                                  South Florida | Bahamas | Caribbean
By George A Hayek
          CIPS TRC AHWD

     www.IslandAndResort.com
South Florida | Bahamas | Caribbean

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Powder sands, gentle breezes and crystal clear

  • 1. Property Rights in Paradise SESSION TITLE Saturday, November 10, 2012 By George A Hayek CIPS TRC AHWD www.IslandAndResort.com South Florida | Bahamas | Caribbean
  • 3. Lifestyle – Weather – Investment – Culture No Problem Mon! www.IslandAndResort.com South Florida | Bahamas | Caribbean
  • 4. Beaches www.IslandAndResort.com South Florida | Bahamas | Caribbean
  • 5. Boating www.IslandAndResort.com South Florida | Bahamas | Caribbean
  • 6. Golf www.IslandAndResort.com South Florida | Bahamas | Caribbean
  • 7. Diving www.IslandAndResort.com South Florida | Bahamas | Caribbean
  • 8. Fishing www.IslandAndResort.com South Florida | Bahamas | Caribbean
  • 9. Casinos www.IslandAndResort.com South Florida | Bahamas | Caribbean
  • 10.  The tropical 2nd home market was similar to real estate conditions in the US  Developers with high hopes lost millions and just shut down  Today we have a resurgence of new resort developments around the tropical Atlantic and Caribbean  The Bahamas is a good example www.IslandAndResort.com South Florida | Bahamas | Caribbean
  • 12.  Proximity to North and South America  Stable Democracy Since 1729  Currency Pegged to the US$  Freehold Property Ownership  Favorable Taxation  Reliable Infrastructure  Friendly Culture www.IslandAndResort.com South Florida | Bahamas | Caribbean
  • 13.  New Providence /Nassau / Paradise island ◦ Baha Mar, Bayroc, Ocean Place, Caves Heights, Palm Cay  Abaco ◦ Pineapple Point, Schooner Bay, Bakers Bay  Bimini ◦ Bimini Bay, Rockwell Island  Eleuthera ◦ Cotton Bay, Cape Eleuthera, The Cove  Exuma ◦ February Point, Blackpoint, Marina Residences at Sandals  Others on Grand Bahama Island, Long Island, etc. www.IslandAndResort.com South Florida | Bahamas | Caribbean
  • 14.  Nassau, Bahamas  Bimini, Bahamas  Scrub Island, BVI  St. Kitts  Anguilla  South Florida www.IslandAndResort.com South Florida | Bahamas | Caribbean
  • 15.  When buying Property you possibly receive citizenship, residency or even social services  Variables by Country ◦ Ownership Type Fee Simple Rental Pool Fractional ◦ Residency Types ◦ Title Conveyance ◦ Purchase Processes Commissions, Taxes & Fees www.IslandAndResort.com South Florida | Bahamas | Caribbean
  • 16. Citizen or Resident or Tourist ◦ Bahamas Annual Resident ◦ BVI / Turks & Caicos Belongers ◦ Dominica Foreigner or Alien ◦ Dominican Republic Provisional Resident ◦ Grand Cayman Resident ◦ Jamaica Returning Residents ◦ Nevis / St Kitts Economic Citizen ◦ Sint Maarten (Dutch) Working Resident www.IslandAndResort.com South Florida | Bahamas | Caribbean
  • 17.  Realtor Associations ◦ Be Careful! ◦ Some Island Countries have Associations and Some Don’t. ◦ The Bahamas BREA is Aligned with NAR Palm Beach Association is the Ambassador  Government Regulations Vary by Country  Broker Relationships a Must  Referral Agreements in Writing www.IslandAndResort.com South Florida | Bahamas | Caribbean
  • 18.  Warm Climate Developments are sprouting up around South Florida and the Tropics  Too much to be an expert on all ◦ knowing where to find the correct information and who to speak with are keys to success  Servicing the customer is the focus  Refer to Broker with local knowledge  Know the Country rules and Cultural idiosyncrasies www.IslandAndResort.com South Florida | Bahamas | Caribbean
  • 19. By George A Hayek CIPS TRC AHWD www.IslandAndResort.com South Florida | Bahamas | Caribbean

Notas do Editor

  1. Read title – Define Paradise as the Tropical Atlantic and Caribbean – Hot Markets -vast – tropical – beautiful – it’s a mood
  2. Explain the Territory – each country – each dot – has a different set of rules and different selling attibutes
  3. What so special – what draws someone to buy – mention Hollywood Stars
  4. Bahamas long white sands Abaco to the pink sands of Eleuthera
  5. BVI
  6. Dominican Republic
  7. Grand Cayman
  8. Sport fishing and Bone fishing
  9. Bahamas – St Martin – Puerto Rico - Aruba
  10. Give timeframes for downturn 2006-2007-2008 - More investor confidence to purchase in the CaribbeanResurgence – Revitalization
  11. Over 700 Islands – As far North As Abaco and Grand Bahama close to Palm Beach Florida to as far South as Great Inagua close to Haiti Capital: New Providence/Nassau
  12. You may see an occasional flamingo or two
  13. New and Recent developments
  14. Cover major type first then break it down
  15. Nomenclature – what people could be called
  16. Swinging at air/tropical breezes