DIR launches registration portal for short-term rentals

The government has launched a registration portal for those who own short-term rentals to register their businesses, in an effort to ensure high standards of service across vacation rentals and to ensure those owners are meeting their tax obligations, a statement released yesterday by the Department of Inland Revenue (DIR) explained.

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Inland Revenue Department launches registration for short-term vacation rentals

NASSAU, BAHAMAS — The Department of Inland Revenue has announced that beginning today, all property owners operating short-term vacation rentals will be required to register their properties in a newly launched portal by the end of April.  In a statement, the Department of Inland Revenue said the end goal of the registration initiative is to [...]

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Regulations On The Way for Vacation Rentals

NASSAU, BAHAMAS - The option of staying in an Air B&B is becoming a much more popular alternative for travelers.

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Abaco Club's 20 rental interest rise

By CHESTER ROBARDS

Business Reporter

crobards@tribunemedia.net

ORLANDO, Florida - Ritz-Carlton's only international Destination Club property, The Abaco Club at Winding Bay, is readying for an improved 2011, after a 20 per cent increase in rental interest followed the property's addition to Marriott's widely-visited website,

Edward Kinney, Ritz-Carlton's vice-president of corporate affairs and...

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Developer sees 20 rise in rental prices

By ALISON LOWE

Business Reporter

alowe@tribunemedia.net

A major Exuma developer has seen a 20 per cent increase in property rental prices and a "good year" for sales, crediting the re-opening by Sandals of "anchor tenant", the Emerald Bay property, for improving business conditions.

Randy Hart, managing director of February Point - a high-end boutique resort community in Great Exuma - said he ...

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Bahamas Realty, Paradise Sales Rentals Join Forces

Nassau, Bahamas - Two of The Bahamas' most
established real estate firms, Bahamas Realty and Paradise Sales & Rentals,
announced today they are joining forces effective November 1.

"We are literally and
figuratively marrying the two companies," said Robin Brownrigg, a director
and president of Bahamas Realty. Brownrigg's wife, Andrea, founded Paradise
Sales & Rentals in 1992 and will now join her...

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Appeal for rental assistance?

Dear Editor, We would like to commend the government of The Bahamas for the work of the National Food Distribution Task Force, which has impacted the lives of thousands of needy Bahamians in search of food in the COVID-19 pandemic. Those among us who are most vulnerable have been targeted to receive assistance to the tune ...

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Hotel union boss says increased vacation home rentals bad for hotels

Although he is happy there has been an uptick in stopover visitors to The Bahamas this year, President of the Bahamas Hotel Catering and Allied Workers Union (BHCAWU) Darrin Woods said he's concerned about the increase in tourists choosing vacation homes over hotels and resorts. [...]
The post Hotel union boss says increased vacation home rentals bad for hotels appeared first on The Nassau Guardi...

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Woman accused of apartment rental scam

A WOMAN was granted $3,000 bail in a Magistrate's Court yesterday after allegedly defrauding two people of cash in an apartment rental scam.

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Foreign entity developed to list luxury vacation rental properties and real estate in The Bahamas 

GWD Investments has launched an entity called Premier Listings Group (PLG) that plans to begin a luxury vacation rental and real estate listings business with high-end listings in The Bahamas, the company said. PLG explained that it plans to stock this listing with properties from vacation destinations across the world, but will start with The Bahamas. ...
The post Foreign entity developed to...

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Local website providing vacation rental listings and experiences

Bahamas BNBs, a new online rental marketplace providing vacation rental properties and experiences on all of the islands of The Bahamas, is in its first phase of development and features lower fees than competing sites to rent and for homeowners to list, its owner Iain Rodgers said recently. Rodgers, whose presentation of his all-Bahamian vacation rental ...

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'GOVT TARGETING FNM MP GIBSON': Police seize rental vehicles belonging to party's Long Island representative

OPPOSITION Leader Michael Pintard has accused the Davis administration of targeting former Water and Sewerage executive chairman Adrian Gibson, after several rental vehicles belonging to Mr Gibson were allegedly seized on Long Island as part of a police investigation.

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Bahamas Realty, Paradise Sales & Rentals Join Forces

Two of The Bahamas' most established real estate firms, Bahamas Realty and Paradise Sales & Rentals, announced today they are joining forces effective November 1.

"We are literally and figuratively marrying the two companies," said Robin Brownrigg, a director and president of Bahamas Realty. Brownrigg's wife, Andrea, founded Paradise Sales & Rentals in 1992 and will now join her husband, becomi...

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Govt to apprise vacation rental firms of updated tax structure

The government plans to sit with vacation home rental companies like Airbnb and VRBO (Vacation Rentals By Owner) next week to apprise them of their tax remittance obligations come July, after the government announced on Wednesday that those companies will have to attach value-added tax (VAT) to the full value of the vacation rental and ...
The post Govt to apprise vacation rental firms of updated ...

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Increase in demand for commercial rentals

Although the local real estate market is being hampered by slow mortgage approvals by commercial banks, Bahamas Real Estate Association (BREA) President Christine Wallace-Whitfield said commercial rentals are seeing an uptick. Wallace-Whitfield said the reopening of the tourism sector has also ushered in increased demand for foreign residential rentals and second home purchases. "I have ...
The po...

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SBDC secures funding for children’s mobile ride rental company

More Play Entertainment successfully obtained 69,000 dollars in investment capital through the Access Accelerator, Small Business Development Centre (SBDC)...

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Vacation rentals increase 50 despite subdued visitor arrival numbers

Although visitor arrival numbers remained subdued during November when the tourism sector officially reopened, there was a nearly 50 percent increase in short-term vacation rentals, according to the latest data provided by vacation rental data website AirDNA. In fact, total room nights sold surpassed the 36.1 percent increase in November 2019 to land at 49.7 ...
The post Vacation rentals increase ...

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