Hashtag: #BermudaRealEstate
Approved Hamilton Residential Scheme
“The Approved Hamilton Residential Scheme will allow non-Bermudians, exempted companies, and overseas or exempted partnerships to participate in Hamilton’s residential property market by developing residential dwelling units,” Minister of Economy and Labour Jason Hayward said in the House of Assembly. The Minister said, “I am delighted... Read more of this article
BHC Updates On Harmony Hall Housing Project
The Bermuda Housing Corporation provided an update on the Harmony Hall project. A Government spokesperson said, “The Bermuda Housing Corporation [BHC], under the Ministry of Public Works, continues to make strides in addressing the critical need for affordable housing on the Island. “The Harmony Hall project in Paget, launched last September, is... Read more of this article
Adams On Govt Mortgage Guarantee Programme
“With a 5% interest rate, families with a $600,000 mortgage save over $550 per month, while those with a $1 million mortgage save over $700,” Junior Minister of Finance Jache Adams said in the House of Assembly today [Nov 29]. In providing an update on the Government’s Mortgage Guarantee Programme, Mr Adams — who is the Junior Minister... Read more of this article
Bermuda-Style Home Listed For $29.95 Million
A home which is described as ‘Bermuda-style’ — and is located in the same neighborhood as Venus Williams and Tiger Woods’ properties — on Jupiter Island, Florida, has hit the market for $29.95 million. The Mansion Global website said, “A beachfront home on Jupiter Island, Florida, that’s right next door to the home... Read more of this article
Minister Burch On Bermudiana Beach Resort
Speaking in the House of Assembly, Minister of Public Works Lt/Col David Burch provided an update on the Bermudiana Beach Resort project, which the government recently announced will be amended to make the property into rental apartments The Minister said, “The Ministry will provide the BHC with additional funding to the maximum amount of $5... Read more of this article
PLP Respond To FDM Housing Policies
“The FDM’s plan to phase out rent control should be deeply troubling for Bermudian families,” the PLP said. A spokesperson said, “Removing rent protections without substantial safeguards would open the door to skyrocketing rents, putting basic housing out of reach for those who are already struggling to make ends meet. At a time... Read more of this article
FDM Unveils Plan To Assist Housing Sector
The Free Democratic Movement has released a document providing information on their plans to ‘revitalize Bermuda’s housing sector.’ A spokesperson said, “Finding a decent place to live on our beautiful Island has become a daunting challenge. High prices and limited rental options mean that securing a home is out of reach for many... Read more of this article
Minister Burch On Bermudiana Beach Resort
Minister of Public Works Lt/Col David Burch responded to Craig Cannonier’s comments on the Bermudiana Beach Resort, saying he notes the “amnesia displayed by the Shadow Minister in his comments as he would have had conduct of this matter when he served as the Minister of Public Works under the OBA administration.” This follows after... Read more of this article
OBA: ‘Inexcusable Waste Of Taxpayers Dollars’
[Updated with video] “This inexcusable waste of taxpayers dollars lies squarely with Premier Burt and his colleagues,” OBA MP Craig Cannonier said following the government’s announcement that a “decision was made to pivot the Bermudiana Beach Resort to residential rental units.” The property, originally called Grand... Read more of this article
BTA Statement On Bermudiana Announcement
“While we are disappointed that the anticipated 110 units at Bermudiana Beach Resort will no longer be added to our hotel stock, we remain committed to promote Bermuda’s hospitality offerings,” the BTA said. This follows after Minister of Public Works Lt/Col David Burch announced that a “decision was made to pivot the Bermudiana... Read more of this article
Bermudiana Resort To Convert To Rentals
A “decision was made to pivot the Bermudiana Beach Resort to residential rental units,” Minister of Public Works Lt/Col David Burch has confirmed, adding that “by December of this year, this new proposed direction will see 94 studio, 1, 2, and 3-bedroom residential units.” The property, originally called Grand Atlantic, was built... Read more of this article
Column: Richardson On Home Ownership & More
[Opinion column written by MP Anthony Richardson] The recent change, empowering Bermudians to acquire their first homes, is another important step in the PLP’s effort to make homeownership more accessible. This amendment to pension rules, coupled with the government’s Mortgage Guarantee Programme, demonstrates the Progressive Labour Party’s... Read more of this article
