The Bahamas Real Estate
Information about The Bahamas
The Bahamas, officially the Commonwealth of The Bahamas, is an independent, sovereign country consisting of two thousand cays and seven hundred islands that form an archipelago. It is loc...ated in the Atlantic Ocean southeast of the United States; northeast to east of Cuba, Hispaniola (Dominican Republic&Haiti) and north to east of the Caribbean Sea; and west to northwest of the Turks and Caicos Islands.The climate of the Bahamas is subtropical to tropical, and is moderated significantly by the waters of the Gulf Stream, particularly in winter.
The Bahamas is a sovereign independent nation. Political and legal traditions closely follow those of the United Kingdom and the Westminster system. The Bahamas is a member of the Commonwealth of Nations, with Queen Elizabeth II as head of state (represented by a governor-general).
The Bahamas is classified as an upper middle-income developing country and has the third highest per capita income in the western hemisphere (after the United States and Canada). Tourism is the primary economic activity, accounting for about two thirds of the gross domestic product (GDP). Offshore finance is the second largest industry, accounting for about 15 per cent of GDP. There is no income, corporate or capital gains tax.
Nassau is the capital, largest city, and commercial centre of the Commonwealth of the Bahamas. The city has a population of 260,000 (2008 census), nearly 80 percent of the entire population of The Bahamas (330,000). Lynden Pindling International Airport, the major airport for The Bahamas, is located about 16 kilometres (10 mi) west of Nassau city centre, and has daily flights to major cities in the United Kingdom, United States, Canada and the Caribbean. The city is located on the island of New Providence, which functions much like a federal district. While there is no local government, it is governed directly as an administrative division of the national government. Nassau is considered a historical stronghold of pirates.
Freeport is a city and free trade zone on the island of Grand Bahamas, located approximately 100 miles (160 km) east-northeast of Fort Lauderdale, Florida and is a district of the Bahamas. In 1955, Wallace Groves, a Virginian financier with lumber interests on the island, was granted 50,000 acres (200 km2) of pine yard with substantial areas of swamp and scrubland by the Bahamian government with mandate to economically develop the area. The city of Freeport was built, which has grown to be the second most populous city in The Bahamas (26,910 in 2000) after the capital, Nassau. The Grand Bahama Port Authority (GBPA) operates the free trade zone, under the Hawksbill Creek Agreement signed in August 1955 whereby the Bahamian Government agreed that businesses in the Freeport area will pay no taxes before 2054. The area of the land grants has been increased to 138,000 acres (558 km²). Freeport Harbour is accessible by even the largest vessels, and has a cruise terminal, a transshipment/container port, and both a private yacht and ship maintenance facility. Grand Bahamas International Airport handles nearly 50,000 flights each year.
Coopers Town is a city in Abaco, the third largest island of the Bahamas. The town is the northernmost of the island's main centres of population. It was settled in the 1870s by the Cooper family from Grand Bahama. Early industry included pineapple and sea-sponge harvesting, but both industries have dwindled over the last century. A major impediment to the success of these industries was the lack of a natural harbour at Coopers Town. Prominent residents of Coopers Town have included former Bahamian Prime Minister Hubert Ingraham.
Marsh Harbour is a city in Abaco Islands, Bahamas, with a population of 5,314. Home to more than five thousand residents, Marsh Harbour is the third largest town in The Bahamas and the main focus of tourism in the Abacos. Marsh Harbour is a shipbuilding center, but tourism accounts for most of its revenues. A number of good inns are located here. Although the town doesn't have the quaint New England charm of either New Plymouth or Hope Town, it does have a shopping center and various other facilities not found in many Out Island settlements. Good water-taxi connections, too, make this a popular place from which to explore offshore cays, including Man-O-War and Elbow." Boat rentals are available as are bikes and motor bikes. The settlement lies on a peninsula just off the smoothly paved Great Abaco Highway, which runs south through Great Abaco to Cherokee Point and Little Harbour. North of town, the road becomes S.C. Bootle Highway, another smooth stretch that runs north and west toward Treasure Cay and Little Abaco. Marsh Harbour has the majority of services available in all of the Abacos, including a post office, bookstore, grocery stores, specialty shops, travel agencies, and laundries. Visitors come to boat, swim or snorkel, and stay at one of the lodges located near Bay Street on the waterfront, though some adventurers reserve a day or two to kayak in the Marls on trips conducted by naturalist guides.
Freetown is a town in the Bahamas. It is located on Eleuthera island.
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