Hashtag: #BermudaRealEstate

OBA Urge Landlords To Help As Much As Can

OBA Urge Landlords To Help As Much As Can

“I am being contacted several times a day by people who rent homes or business space who are desperate for help as their landlords are not prepared to reduce rent,” OBA Leader Craig Cannonier said. Mr. Cannonier said, “This is totally unacceptable, especially when you consider two things – the banks have granted a three-month mortgage break... Read more of this article

Govt Starts Legal Proceedings Over Caroline Bay

Govt Starts Legal Proceedings Over Caroline Bay

The Bermuda Government has “commenced legal proceedings intended to place the assets at Caroline Bay under the control of Provisional Liquidators.” Last year Finance Minister Curtis Dickinson confirmed that the developers defaulted on their loan, and since the previous administration provided a guarantee of up to $165 million for the project... Read more of this article

Cannonier Urges Landlords To Help Tenants

Cannonier Urges Landlords To Help Tenants

“Landlords must work with their tenants to try and provide some relief as the economy faces huge disruption due to Covid-19,” according to the Leader of the One Bermuda Alliance, Craig Cannonier. Mr. Cannonier said, “For the immediate survival of many small to medium sized Bermudian businesses, rent relief could be vital. Many buildings... Read more of this article

Covid-19: Bermuda Housing Trust Preparation

Covid-19: Bermuda Housing Trust Preparation

In light of the global Covid-19 pandemic, the Bermuda Housing Trust [BHT] is taking steps to protect their 194 tenants living in five properties located across Bermuda. A spokesperson said, “At the Bermuda Housing Trust [BHT], we are constantly monitoring the risk that Covid-19 might represent to the 194 tenants living in our five properties located... Read more of this article

Commission Of Inquiry To Host Hearing

Commission Of Inquiry To Host Hearing

The Commission of Inquiry into Historic Losses of Land in Bermuda will hold a public Planning Hearing on Thursday, March 19th. A spokesperson said, “The Commission of Inquiry into Historic Losses of Land in Bermuda will hold a public Planning Hearing on Thursday, 19th March 2020 from 10:00 a.m. until 2:00 p.m. and from 4:00 p.m. until 7:00 p.m.... Read more of this article

Column: Market Vacation Rental On Social Media

Column: Market Vacation Rental On Social Media

[Column written by Ade Brown] Vacation rental owners should use social media to market their properties directly to a wide variety of potential guests. Social media can be used as a free advertising tool in reaching people all around the world. People can come across your page simply by scrolling through their feed, and every post you make is an opportunity... Read more of this article

Coldwell Banker Real Estate Market Update

Coldwell Banker Real Estate Market Update

Coldwell Banker Bermuda Realty has released their annual update, saying that “the year 2019 was challenging to navigate.” A spokesperson said, “The year 2019 was challenging to navigate and certainly difficult to make predictions even after compiling and interpreting our quarterly sales transactional data. “Although the early part... Read more of this article

Walker Arcade & The Calypso Building For Sale

Walker Arcade & The Calypso Building For Sale

The Walker Arcade and Calypso Building are for sale, with the two Hamilton properties comprising over 36,000 square feet. A spokesperson said, “Coldwell Banker is pleased to announce that they have received instructions to sell two of the cities most recognized commercial properties, The Walker Arcade and The Calypso Building. The two properties... Read more of this article

$15,000 Loans For Seniors Home Modifications

$15,000 Loans For Seniors Home Modifications

Through the BHC and in conjunction with Age Concern, “families will be able to apply for interest free loans of up to $15,000 to support home modifications to promote their senior loved ones remaining at home as opposed to in rest home care,” Premier David Burt announced. Speaking at a press conference this afternoon [Jan 29], Premier Burt... Read more of this article

Column: Why I Never Use Airbnb’s Smart Pricing

Column: Why I Never Use Airbnb’s Smart Pricing

[Column written by Ade Brown] One of the most common questions I get asked is whether or not to use Airbnb’s pricing tips. Don’t! This is a very common mistake that new hosts make, even myself. I fell victim to Airbnb’s pricing band. While using smart pricing was great in getting my calendar filled, it was horrible for my property’s revenue... Read more of this article

Bermudiana Beach Resort Appoints Management

Bermudiana Beach Resort Appoints Management

Bermudiana Beach Resort has appointed three Bermudians — Allen Walker, Deborah Leverock, and Donovan Simmons — as the senior management team as the South Shore, Warwick property prepares to officially open later this year. A spokesperson said, “Bermudiana Beach Resort has appointed three Bermudians as the senior management team at... Read more of this article

Column: How To Price Your Airbnb Rental

Column: How To Price Your Airbnb Rental

[Column written by Ade Brown] About 60% of your potential income comes from the intrinsic value of your property, location, and amenities. The other 40% is dependent upon implementing an effective Airbnb pricing strategy. Your strategy should take into account the fluctuating demand for your property throughout the year. Airbnb allows you to set different... Read more of this article

Rental Property Owners Urged To Attend Meeting

Rental Property Owners Urged To Attend Meeting

The Bermuda Rental Association of Vacation Home Owners [BRAVO] is urging all vacation rental property owners and managers to attend a meeting tomorrow [Jan 16] at 6.00pm at Ignite Bermuda on Wesley Street in Hamilton. A spokesperson said, “All vacation rental property owners and managers are invited to attend a meeting to learn about the new vacation... Read more of this article