Hashtag: #BermudaRealEstate

Minister Updates On BHC Housing Initiatives

Minister Updates On BHC Housing Initiatives

“The Government through the BHC are making steady progress and we intend to see the completion of all 105 of these housing projects as quickly as possible,” Minister of Public Works David Burch said in the House of Assembly today [May 31] as he provided an update on housing initiatives. The Minister’s full statement follows below: Mr.... Read more of this article

Premier David Burt Visits Brookfield Place

Premier David Burt Visits Brookfield Place

Premier David Burt conducted a site visit of the Brookfield Place development. A Government spokesperson said, “Earlier this week [Apr. 29], Premier David Burt conducted a site visit of the Brookfield Place development with members of the company’s leadership team – Brian Kingston, CEO, Real Estate; Charlie Howe, Vice President Investments,... Read more of this article

Women’s Resource Centre On Housing

Women’s Resource Centre On Housing

The Women’s Resource Centre [WRC] said they ”are encouraged to see the issue of affordable housing being discussed on a national level” and wanted to ”add our voice – the collective voice of women in Bermuda – to the conversation.” A spokesperson said, “The Women’s Resource Centre [WRC] understands the complex... Read more of this article

Compass Point Commercial Property For Sale

Compass Point Commercial Property For Sale

Rego Sotheby’s International Realty has introduced Compass Point, offering “a rare chance to own a large scale, robust commercial building with coveted onsite city parking.” A spokesperson said, “Rego Sotheby’s International Realty introduces a rare chance to own a large scale, robust commercial building with coveted onsite city... Read more of this article

Photos & Video: Battery Road Development

Photos & Video: Battery Road Development

The Government unveiled Phase One of the Battery Road Development Project in St. David’s, with the Minister noting that they completion of Phase I comprises 4 units; 3 studios and one 2-Bedroom/1-bath unit. A Government spokesperson said, “Ensuring that Bermudians have access to affordable housing is priority of the Government. It is a pledge... Read more of this article

Column: Chris Famous On Housing & OBA

Column: Chris Famous On Housing & OBA

[Opinion column written by Chris Famous] In 2022 I was asked to join the board of the Bermuda Housing Corporation. There I met persons dedicated to providing affordable housing for almost 800 Bermudian families of various stations in life. For full disclosure, board members are paid $50 per month / Chairman $100 per month. Over the course of the last... Read more of this article

Florida Bermuda-Style House Sold For $13M

Florida Bermuda-Style House Sold For $13M

A luxury house described as ‘Bermuda-style’ in Palm Beach, owned by the executive chairman of Ross Dress for Less’ parent company, has been sold for $13.075 million. An Aol report said, “The executive chairman of the parent company of retailer Ross Dress for Less has sold — for a recorded $13.075 million — the North End house... Read more of this article

$25M Guarantee For Bermudiana Beach Resort

$25M Guarantee For Bermudiana Beach Resort

Premier David Burt announced the issuance of a $25 million government guarantee for the completion of the development of the Bermudiana Beach Resort. Speaking in the House of Assembly, Premier Burt said, “Mr. Speaker, in accordance with Section 2 AA [3] of the Government Loans Act 1978, I rise to inform this Honourable House of the issuance of... Read more of this article

Vacation Rentals For Newport Bermuda Race

Vacation Rentals For Newport Bermuda Race

Noting the visitors expected to arrive due to international events this summer, Coldwell Banker Bermuda Realty has urged people interested in listing a vacation rental property to contact them, saying “now is the time to list your property, not later in the season.” A spokesperson said, “On Friday, June 21, 2024, approximately 200 yachts... Read more of this article

Bermuda-Inspired Home Listed For $59M

Bermuda-Inspired Home Listed For $59M

A Bermuda-inspired oceanfront property in Palm Beach, Florida has been listed for sale at a cost of $59 million. The Palm Beach Daily News report said, “A new $59 million listing for an oceanfront house facing Midtown Beach is a spot-on example of how pricing has evolved in Palm Beach in the years since the coronavirus hit town in early 2020. “During... Read more of this article

Govt Expands Mortgage Guarantee Programme

Govt Expands Mortgage Guarantee Programme

Starting on April 1, the Government will expanding Phase 2 of the Mortgage Guarantee Programme to “include employees of Government quangos and part-time Regiment soldiers who will now also be eligible to transfer their mortgages into this programme,” Premier David Burt announced in the Budget, The relevant extract of the 2024 Budget statement... Read more of this article

Govt: Brookfield Project Is A ‘Major Investment’

Govt: Brookfield Project Is A ‘Major Investment’

“The development of Brookfield Place is a real and tangible demonstration of the significant confidence that investors have in Bermuda as a premier business centre,” said the Minister for the Cabinet Office, Vance Campbell “following the Brookfield Place planning approval decision.” A Government spokesperson said, “The... Read more of this article

RSIR Celebrates Their 75th Anniversary

RSIR Celebrates Their 75th Anniversary

Rego Sotheby’s International Realty is celebrating its 75th anniversary this year, having been founded by Benjamin “Benny” Rego Sr. in 1949 as Rego Agency with four employees and agents. A spokesperson said, “2024 marks Rego Sotheby’s International Realty’s 75th Anniversary. As Bermuda’s longest serving real estate company, Rego... Read more of this article

Gencom Updates On Fairmont Renovation Work

Gencom Updates On Fairmont Renovation Work

Westend Properties and its managing partner, Gencom, provided an update on the “preliminary work being carried out at the Fairmont Southampton property in preparation for the extensive renovations planned for the hotel and Beach Club.” A spokesperson said, “These early phases of demolition and site preparation are crucial to enabling... Read more of this article

Newly Established South East Hamilton EEZ

Newly Established South East Hamilton EEZ

The Bermuda Economic Development Corporation [BEDC] announced the “expansion of the Economic Empowerment Zones [EEZ] with the newly established South East Hamilton Economic Empowerment Zone [SEHEEZ], with the aim of aiding business growth and economic development in Bermuda.” A spokesperson said, “This expansion opens up a realm of... Read more of this article

Historical Lookout Tower To Be Demolished

Historical Lookout Tower To Be Demolished

“The decision to demolish the tower has not been taken lightly,” stated Minister of Public Works Lt/Col David Burch on the decision to demolish the Lookout Tower near Paynter’s Road, Hamilton Parish. The Government spokesperson said, “The tower is a historical landmark located within the woodland reserve and originally erected by the... Read more of this article