Hashtag: #BermudaRealEstate

Construction Progressing At Caroline Bay

Construction Progressing At Caroline Bay

Caroline Bay’s construction progress is “well on its way” with over 200 construction workers “hard at work on the site,” Craig Christensen said, with the Caroline Bay Director adding that the first phase of the Ritz-Carlton Reserve Residences are “projected to be delivered on time.” Artist rendering #1 of Caroline... Read more of this article

Condos, Homes, Commercial Real Estate Trends

Condos, Homes, Commercial Real Estate Trends

Condominiums comprised 26% of closed sales during 2017, significant challenge continues to be felt in the commercial real estate market, and a prediction that 2018 will mirror last year in terms of performance within the various real estate market segments. This is from Coldwell Banker Bermuda Realty’s January 2018 sales market update, which said,... Read more of this article

Moura & Associates Join With Keller Williams

Moura & Associates Join With Keller Williams

Moura & Associates announced today that they have joined forces with Keller Williams, the world’s largest real estate franchise by agent count, with 173,000 professional agents in over 30 countries and regions. As part of the new franchise agreement, the company has rebranded to Keller Williams Bermuda and will continue to specialise in the sale... Read more of this article

BLDC: Building Available For Rent In Southside

BLDC: Building Available For Rent In Southside

The Bermuda Land Development Company [BLDC] is seeking Expressions of Interest for a building in Southside. The information flyer “For Rent: Standalone building with street frontage & parking. Ideal for restaurant or café. “Perfectly located to attract customers from Southside’s existing community, daytime workforce, beach tourists, Airport/St.... Read more of this article

Realtors Brokers Licensing Act Now In Effect

Realtors Brokers Licensing Act Now In Effect

The Office of the Superintendent of Real Estate has advised that the Real Estate Brokers’ Licensing Act 2017 came into operation on 2 October 2017. “The Act repeals the Real Estate Agents’ Licensing Act 1976 and modernizes the operation and supervision of the real estate industry in accordance with the international standards established by... Read more of this article

Column: Land Tax Bills After Selling House?

Column: Land Tax Bills After Selling House?

[Written by Harry Kessaram] Remember learning about the Boston Tea party in history class and the rallying cry, “no taxation without representation”? Well, if you find yourself being billed for land tax on a house you’ve sold, that could be a case of “taxation without accurate representation”. Simply put, you may still be represented as the... Read more of this article

Minister: ‘Adopt A Public Building’ Outreach

Minister: ‘Adopt A Public Building’ Outreach

Saying that our architecture, old buildings, bridges and forts are “in need of care and attention,” Minister of Public Works Lt/Col David Burch said he “will create an avenue of outreach to the private sector by asking them to Adopt A Public Building.” Speaking in the House of Assembly today [Oct 6], the Minister said, ”Our... Read more of this article

Dorchester House Building For Sale: $3.75 Million

Dorchester House Building For Sale: $3.75 Million

The Dorchester House office building on Church Street is available for sale, priced at $3.75 million. Sales agent Mark Orchard advised: “The owners of the building have decided to offer this building at the very attractive price of $3.75 million and as a result I have received very good response from various segments of the market. “The building... Read more of this article

Minister: ‘Alleged Schemes’ For Land Ownership

Minister: ‘Alleged Schemes’ For Land Ownership

Speaking in the House of Assembly today [Sept 22], Minister of Home Affairs Walton Brown provided an update on “investigations into alleged schemes for non-Bermudians to own land without the benefit of a land licence,” saying there are approximately 120 properties being investigated. Minister Brown said, “Prior to the enactment of... Read more of this article

Minister: BLDC Not Met Requirements Of Act

Minister: BLDC Not Met Requirements Of Act

The Bermuda Land Development Company [BLDC] has not met the requirements of the Companies Act 1981, Minister of Public Works Lt/Col David Burch said in the House of Assembly today [Sept 15], adding that this is “a serious breach of financial regulations” and he is “astounded by the lack of oversight by the previous shareholders.” Minister... Read more of this article

Advisory: Rental Accommodation Online Scam

Advisory: Rental Accommodation Online Scam

The police have urged people to be vigilant following a reported scam involving a fake online rental ad in which someone claimed that two month’s rent plus security deposit should be sent via wire transfer to an overseas account, however no further contact could be made with the individual supposedly offering the apartment for rent once the transaction... Read more of this article

Coldwell Named #1 Office For Island Affiliates

Coldwell Named #1 Office For Island Affiliates

Charlie Young, President & CEO, Coldwell Banker Real Estate LLC recently congratulated Brian Madeiros, President of Coldwell Banker Bermuda Realty and staff on being named 2016 Number One Office in Adjusted Gross Commission Income, for the Island Affiliates. Mr. Young said, “An accomplishment of this magnitude requires individuals who are dedicated... Read more of this article

BLDC Continuing To Gather Ideas For Southside

BLDC Continuing To Gather Ideas For Southside

The Bermuda Land Development Company Limited [BLDC] has provided its initial feedback on the results of a public consultation and community survey conducted on the development of Southside, St. David’s properties under BLDC’s mandate. “We would like to thank everyone who participated in the consultation meeting held on April 27th, and those who... Read more of this article