Hashtag: #BermudaRealEstate

Tourism Minister On Vacation Rentals Tax Relief

Tourism Minister On Vacation Rentals Tax Relief

Speaking in the House of Assembly today [Nov 16], Minister of Tourism and Transport Zane DeSilva provided information on the “reasons this Government will seek to amend the Tourism Investment Act to implement a fair and equitable approach to the provision of tax relief on all vacation properties.” “This Government is committed to... Read more of this article

Arbitrade: ‘We Acquired Victoria Hall Building’

Arbitrade: ‘We Acquired Victoria Hall Building’

[Updated] According to an announcement posted today [Oct 31] on Arbitrade’s website, they have “completed the acquisition of the Victoria Hall Building” which “will serve as Arbitrade Ltd. Bermuda World Headquarters.” The company announced back in July they were expecting the buy the building, and their announcement today... Read more of this article

Video: Update On St Regis Hotel Development

Video: Update On St Regis Hotel Development

There are currently 55 people working on the construction of the St. Regis Bermuda Hotel in St. George’s, and a “tremendous amount of hard work has been carried out on the final stages of piling and foundations of the three blocks of the hotel,” and it is anticipated that the structure of the hotel will be complete by April 2019. This... Read more of this article

Bermuda Vacation Rental Collection Agreements

Bermuda Vacation Rental Collection Agreements

“Online vacation rentals website BermudaRentals.com will collect the new 4.5 percent visitor fee from guests to maximise convenience for both visitors and property owners,” the BTA said today. “The legislatively required guest fee goes into effect November 1, 2018. Earlier this month Airbnb announced it would add Bermuda to the list... Read more of this article

Barricades In Place At Derelict Canadian Hotel

Barricades In Place At Derelict Canadian Hotel

The City of Hamilton is advising that “barricades have been put in place along the south-facing façade of the derelict Canadian Hotel at the corner of Reid and Court Streets,” as “the integrity of the building has been severely compromised over the years due to its derelict condition.”“The City of Hamilton’s Senior Engineer... Read more of this article

Photos: Azura Property Hosts ‘Sneak Preview’

Photos: Azura Property Hosts ‘Sneak Preview’

Azura Boutique Hotel and Residences recently opened its doors to welcome almost 200 guests for a ‘sneak preview’ look at the completed units in the first phase of the development. The one, two and three bedroom units are located within 10 minutes drive of Hamilton in Warwick on the site of the former Surf Side Beach Club with views of the... Read more of this article

Montserrat Customs & Revenue Visit Bermuda

Montserrat Customs & Revenue Visit Bermuda

The Members of the Montserrat Customs and Revenue Service [MCRS] will conclude their consultation with the Ministry of Public Works’ Land Valuation Department tomorrow [Oct 16]. Damien Baxter [Valuation Survey Technician, Land Valuation Department], Violette Silcott [Comptroller of Inland Revenue, Montserrat], Charlesworth Phillip [Estate Management... Read more of this article

Airbnb Will Collect 4.5 Percent Visitor Fee

Airbnb Will Collect 4.5 Percent Visitor Fee

Airbnb will collect the new 4.5 percent visitor fee on vacation rentals from guests staying at Bermuda Airbnb listings, and Bermuda will be featured on Airbnb’s new Experiences platform. The Vacation Rental Act 2018, which came into effect earlier this year, requires vacation rental owner to register their property and pay a 4.5% vacation rental fee. “Airbnb... Read more of this article

RFP For ‘Project 44′ FinTech Hub In Hamilton

RFP For ‘Project 44′ FinTech Hub In Hamilton

The Government issued an addendum to the RFP for the interior design and internal renovation for the third floor of the IAS Building on Church Street in Hamilton, saying they seek submissions for “Project 44, a premier FinTech hub that has coworking spaces that meets the needs of a non-traditional sector.” The new revised timetable has a... Read more of this article

Diane Elliott: Working To Help Value Bermuda

Diane Elliott: Working To Help Value Bermuda

“We Value Bermuda” is the motto for the Department of Land Valuation — and one meant to be taken both literally and figuratively — according to Diane Elliott, who is the Director of the Department of Land Valuation. Mrs. Elliott and her team are responsible for maintaining a fair and equitable Valuation List, which forms the basis for... Read more of this article

A General Guide To Rent Control In Bermuda

A General Guide To Rent Control In Bermuda

[Written by Consumer Affairs/Rent Commission] Residential properties [single tenancy] with an annual rental value [ARV] of $22,800 or less fall under rent control and are regulated by the Rent Commission. Currently there are 17,077 valuation units that fall under rent control. This includes condominiums and townhouses. Check your ARV to find out if... Read more of this article

Govt Issue RFP For Co-Working Space Design

Govt Issue RFP For Co-Working Space Design

The Government has issued an RFP for “Architectural Interior Design and Project Management Services” for the third floor of the IAS Building on Church Street in Hamilton, which they plan to turn into cooperative working space. The Government’s procurement website said, “The Government of Bermuda is considering the most cost effective... Read more of this article

Photos: ‘Summerhill’ Home Offered At $2,995,000

Photos: ‘Summerhill’ Home Offered At $2,995,000

Rego Sotheby’s International Realty has launched the sale of ‘Summerhill,’ a luxury home in Point Shares, at a price of $2,995,000. A spokesperson said, “Summerhill is a sophisticated classic home featuring three bedrooms plus two newly renovated full bathrooms, two powder rooms and a contemporary newly built open plan gourmet kitchen.” Listing... Read more of this article