Hashtag: #BermudaRealEstate

Column: Getting Ahead In Your Fifties

Column: Getting Ahead In Your Fifties

[Written by Carla Seely] You have worked hard, saved hard, almost paid off your mortgage and the children have left the nest and are now financially independent. For most, this shift occurs in your fifties; your financial commitments lessen and your focus shifts towards your future. The reality is, when you are in your 50s you can see retirement on... Read more of this article

Rego SIR Participates In Real Estate Event

Rego SIR Participates In Real Estate Event

Rego Sotheby’s International Realty [Rego SIR] recently participated in the 2016 Sotheby’s International Realty Global Networking Event. A spokesperson said, “The event, which took place in Las Vegas, Nevada, brought together approximately 2,300 members of the Sotheby’s International Realty network, with more than 165 of the brand’s companies... Read more of this article

What To Know About Real Estate Compliance

What To Know About Real Estate Compliance

In conjunction with Certainty, the Bermuda Chamber of Commerce will be hosting a Lunch & Learn on June 14, 2016, from 12 noon till 1:30 pm, a session for all those in Real Estate, Property, and Land Zoning on how to become AML compliant by 2017. This session will cover the fundamental concepts, terms and steps to comply with the anticipated anti-money... Read more of this article

Total Cost Of Victoria Row Demolition: $331,400

Total Cost Of Victoria Row Demolition: $331,400

The total cost for demolishing the Victoria Row units is $331,400, Minister of Public Works Craig Cannonier said in the House of Assembly today [May 27] in reply to a question from Shadow Public Works Minister Dennis Lister. Audio of the Minister’s reply about the costWEDCo said that they “reluctantly” started on the demolition of Victoria... Read more of this article

9 Beaches: BLDC Applies For Vacant Possession

9 Beaches: BLDC Applies For Vacant Possession

[Updated] The Bermuda Land Development Company Limited [BLDC] said it is applying for vacant possession of the former 9 Beaches property in Sandys, and “once the Vacant Possession Order has been obtained, BLDC will give the occupants two months’ notice to vacate the property.”The former 9 Beaches property is operated by IRC Sandys Ltd,... Read more of this article

BEST: Cross Island Suggestions Not Revealed

BEST: Cross Island Suggestions Not Revealed

Since WEDCo held its first public consultation meeting on the end-uses for the Cross Island landfill a list of the suggestions put forward has not been publicly revealed which “suggests that  WEDCo is setting itself up to repeat the mis-steps that resulted in the Supreme Court quashing their original application,” the Bermuda Environmental... Read more of this article

Column: Deciding How To Allocate Net Worth

Column: Deciding How To Allocate Net Worth

[Written by Carla Seely] Real estate is a much-loved investment in Bermuda and over the course of the last thirty years has rewarded home owners substantially as property values have increased. The stock market has delivered significant returns to investors as well during the same period. The real estate vs. stock market debate has been argued on both... Read more of this article

Meeting To Be Held On Future Of Cross Island

Meeting To Be Held On Future Of Cross Island

More people are to get a chance to have their say over the future use of the America’s Cup village once the event is over, as the West End Development Corporation [WEDCo] has already held one public meeting into the future of Cross Island at the Royal Naval Dockyard and it is set to hold another public meeting in Hamilton. Andrew Dias, the General... Read more of this article

RamRe House Renamed Innovation House

RamRe House Renamed Innovation House

The original Lines Building, located in the heart of Hamilton, has been renamed Innovation House. The building, most recently known as Ram Re House, was taken over in December 2015 by Innovation Ltd. The directors of Innovation Ltd. are Michael Branco, CEO of Fireminds, and Michael Freisenbruch, President of Freisenbruch-Meyer Group (FMG). A spokesperson... Read more of this article

Habitat ‘Sets Record Straight’ On Victoria Row

Habitat ‘Sets Record Straight’ On Victoria Row

Following WEDCo’s statement that they have “reluctantly” started on the demolition of Victoria Row, Habitat for Humanity chairperson Sheelagh Cooper said she thinks it is “important to set the record straight” about Habitat’s offer to renovate the units. WEDCo said they ”met with different groups and offered to let Victoria... Read more of this article

RFP Issued For Grand Atlantic Development

RFP Issued For Grand Atlantic Development

The Government has today issued a Request For Proposal [RFP] for the Grand Atlantic Development in Warwick and is inviting responses from investors and potential buyers. Grand Atlantic was planned as a housing development, however only one unit sold in the first six months, and in 2014 the Government announced it will be taken over by Caribbean-based... Read more of this article

Minister: Reduction Of ARV Levels For Purchases

Minister: Reduction Of ARV Levels For Purchases

Government plans to lower the minimum Annual Rental Value at which non-Bermudians and non-permanent residents may purchase residential property from $153,000 to $126,000, as well as reduce the minimum ARV threshold of $32,400 for condos to $25,800, Minister of Home Affairs Michael Fahy announced today. The Minister said, “Such action will help... Read more of this article

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