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Mortgage Interest Rates

Understanding how mortgage interest rates are quoted

Getting Fit With Ub's 'Blue Power'

Scores of runners, walkers and skaters participated in the second annual UB Fit presented last weekend by the University of the Bahamas.

The event in New Providence featured a 5k/10k fun, run/walk/bike/skate which started at university's Oakes Field campus.

UB Fit was the first fundraiser of its kind at the university, with a goal to raise funds to augment UB's annual fund and increase mobility on campus for students with special needs.

The event again highlighted "blue power fun" on the route, a scenic beach run for the 10k participants up Saunders Beach and back to the campus.

After the main event, participants enjoyed the Race Village featuring performances by Bahamian sensation D-Mac and African dance with Samantha Pratt. There was a health expo, bouncing castle for kids, face painting and raffle prizes on offer.

How to Buy a Home in the Bahamas

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If you’re looking to move to an island in the Caribbean, there is so much to think about, from the environment to the cost of living to the culture. And those are factors that can be vastly different from island to island.

But the most important thing is this: how to actually go about buying a home.

To learn more, we talked to Heather Lightbourn-Peterson, Broker/Previews Specialist at Coldwell Banker Lightbourn Realty in Nassau, Bahamas. Here’s what she had to tell us.

Why buy a home in the Bahamas? 

Besides the wonderful climate, stable government, proximity to the United States, low taxes (including no income taxes) a purchaser can obtain permanent residence with a home purchase of a minimum of $500,000. An investment of $1.5 million provides accelerated consideration for the application. A well chosen property can provide a decent rate of return in the rental market.

What’s the real estate market like right now?