Hashtag: #BermudaRealEstate

Column: How Much Revenue Is Govt Losing?

Column: How Much Revenue Is Govt Losing?

[Opinion column written by Chris Famous] While out canvassing recently, a Bermudian couple asked us to come in and have a conversation with them about the hikes in the land tax proposed by MP Bob Richards the week before Christmas. The husband presented a spreadsheet that showed persons such as themselves with a house of the lowest value to be hit... Read more of this article

Rego SIR Bermuda 2015 Real Estate Report

Rego SIR Bermuda 2015 Real Estate Report

[Written by Buddy Rego & Penny MacIntyre] Confidence and value typified the market drivers for almost all sectors of the Bermuda real estate market during 2015. Doubters have re-entered the market in most cases buying primary homes and owner-occupier commercial properties. Confidence has spurred to a lesser degree some investment purchases; however,... Read more of this article

Video: “Finances & Home Ownership” Meeting

Video: “Finances & Home Ownership” Meeting

Member of Parliament for Southampton East, Zane DeSilva held a town hall meeting on Tuesday evening [Jan 19] at the Heron Bay School Hall to offer tips on simple money management and, saving money, sacrificing, and working hard so that one could someday acquire their first home. Speaking after the presentation, Mr DeSilva said, ” My executive... Read more of this article

2015: Lot & Commercial Property Sales Increase

2015: Lot & Commercial Property Sales Increase

“Both commercial property sales and sales of vacant lots have increased market wide in 2015 indicating people are considering new construction and investment,” according to the latest Coldwell Banker Bermuda Realty sales market update The document [PDF] said, “It’s an old adage in real estate that the housing market is a key... Read more of this article

PLP: ‘OBA Reversed Themselves Once Again’

PLP: ‘OBA Reversed Themselves Once Again’

The “OBA have reversed themselves once again” and “it should come as no surprise that the OBA would mislead the country to say that they are correcting an error,” said Shadow Minister of Finance David Burt. with Senator Diallo Rabain saying,”While I am pleased that the OBA have reversed their ill-advised tax increase on... Read more of this article

Parliament To Receive Corrected Land Tax Bill

Parliament To Receive Corrected Land Tax Bill

Minister of Finance Bob Richards will take changes to the Land Tax Amendment bill to Parliament to “correct an error” which the Ministry said “would have unintentionally impacted Bermuda’s senior citizens who are land owners,” as the bill stated an incorrect value for the maximum ARV allowed for seniors. A spokesperson said,... Read more of this article

“Personal Finances & Home Ownership” Meeting

“Personal Finances & Home Ownership” Meeting

Businessman and MP Zane DeSilva will be hosting a public meeting on ‘Personal Finances & Home Ownership’ at 7.30pm on January 19th at Heron Bay School Hall. The event flyer said, “Zane DeSilva invites you to a public meeting to discuss management of personal finances with a view to taking the first steps to owning your own home. “Many... Read more of this article

New Furniture Rental Company Launched

New Furniture Rental Company Launched

Albert and Debbie Moura, owners of real estate company Moura & Associates, saw a gap in the furnished rental market and decided they could fill it. The couple, alongside their son Justin, have launched a new company named TurnKey Furniture Rentals. Furniture rental companies, which are popular across North America, have never really been introduced... Read more of this article

Aunt Nea’s Inn Enjoys Extensive Renovations

Aunt Nea’s Inn Enjoys Extensive Renovations

Aunt Nea’s Inn in St George’s has undergone extensive restorations, bringing new life to the historic property and providing updated accommodations for its visitors, including renovated rooms, added amenities, and more. With the renovation complete, the Inn boasts six updated rooms, including three King Size rooms, one Queen Size room, one room... Read more of this article

Ministry: ‘Government Can Ill Afford Such A Loss’

Ministry: ‘Government Can Ill Afford Such A Loss’

“Measures taken to Parliament that will change land tax rates are designed to ensure no loss of revenue to the Government,” Minister of Finance Bob Richards stated today. A statement from the Ministry said, “Land taxes paid by land owners are calculated by multiplying the assessed ARV times the tax rate. ARV’s have fallen significantly... Read more of this article

‘Government Needs To Increase Land Tax Rates’

‘Government Needs To Increase Land Tax Rates’

“The sobering reality is that to maintain Government services at a reasonable level and to avoid financial failure, the Government needs to increase land tax rates,” Minister of Finance Bob Richards said. Speaking in the House of Assembly today [Dec 16], Minister Richards said, “Since the global financial crisis and economic recession... Read more of this article

Property Skipper Portal To Expand To Guernsey

Property Skipper Portal To Expand To Guernsey

Propertyskipper.com, a leading island property search website operating in Bermuda and Barbados, will be expanding to Guernsey. The website, which launched in January 2013, has rapidly expanded over the last two years and now advertises the listings of over 40 agents in Bermuda and Barbados. “Our platform has been a great success in its first few... Read more of this article

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