Real estate industry warns sudden increase in stamp duty could affect Bahamas property market

[Nicholas Wallwork]

Stamp duty in the Bahamas is being increased by 2% from the beginning of July in a move that the industry says*will put off buyers.

Officials have refused desperate pleas from the real estate industry to grant a two to three month window*post July 1 to allow real estate transactions underway to close at the existing Stamp Duty rates.

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