Bahamas real estate is bigger than you think
With Caribbean climates and a tourism-driven economy, The Bahamas is a good place for investment in holiday accommodation. Indeed, with properties in Eleuthera, George Town, Grand Bahama, Long Island and Nassau, Bahamas real estate is bigger than you think.
Bahamas is a sovereign and independent nation. The political and legal traditions closely follow those of the United Kingdom and the Westminster system. Bahamas is a parliamentary democracy with two major parties, the Free National Movement and the Progressive Left.
Tourism generates about half of all jobs, but the number of visitors has decreased significantly since the beginning of the global economic slowdown in the last quarter of 2008. Banks and international financial services are contracted, and the Bahamas is one of 34 secrecy jurisdictions, which would be subject to the Act on Tax Havens bill, which is being submitted to Congress.
The climate of the Bahamas is subtropical to tropical and is moderated significantly by the water in the Gulf Stream, particularly in winter. Conversely, this often proves very dangerous in the summer and autumn, when hurricanes pass near or through the islands. Hurricane Andrew hit the northern islands during the hurricane season in the Atlantic in 1992 and Hurricane Floyd hit most of the islands during the hurricane season in the Atlantic-1999.
Although there has never been a freeze reported in the Bahamas, the temperature can drop to 2-3 ° C during epidemics. Snow mixed with rain in Freeport was reported in January 1977, at the same time that it snowed in the Miami area. The temperature was about 4.5 ° C, as the weather occasionally mimics both Florida and the Atlantic.
The Bahamas does not have an army or air forces – its army is composed of the Royal Bahamas Defense (RBDF), the fleet of the Bahamas. According to the Defence Act, the Royal Bahamas Defence Force has been mandated to represent the Bahamas, protect its territorial integrity, patrol its waters, provide assistance and disaster relief, to maintain order in relation to police services Bahamas, and perform such tasks as defined by the National Security Council. The Bahamas Defence Force is also a member of the Caricom special regional security force.