Tag: #BermudaRealEstate

BTA Releases Vacation Rental Discussion Paper

BTA Releases Vacation Rental Discussion Paper

In a just-completed discussion paper to the Ministry of Tourism and Transport, the Bermuda Tourism Authority [BTA] has recommended four improvements for the island’s vacation rental property market, with no taxation of homeowners proposed. While the 23-page document, titled “Bermuda Accommodations: The Vacation Rental Property Market,” can... Read more of this article

Former Harrington Sound Post Office For Sale

Former Harrington Sound Post Office For Sale

The Department of Public Lands and Buildings said they wish to “advise the public that The Government of Bermuda will, from Monday the 11th of May, offer for sale, the freehold of the former Harrington Sound Post Office and adjoining land parcel. Conditional and or unconditional offers are invited for the whole to be submitted by 12 noon on Friday... Read more of this article

Besco Selected For West Hamilton Contract

Besco Selected For West Hamilton Contract

Bermuda Energy Services Company Ltd. [BESCO] today [May 6] announces that it has been awarded the contract for Belvedere Residences in West Hamilton. As part of the 16-month contract, BESCO will design and build the mechanical and electrical systems for the residences. Belvedere Residences is a condominium complex developed by West Hamilton Holdings.... Read more of this article

Rego Sotheby’s Hosts City Real Estate Event

Rego Sotheby’s Hosts City Real Estate Event

Rego Sotheby’s International Realty hosted an event yesterday [Apr 30] at the Bermuda Underwater Exploration Institute focused on the case study, ‘Waterfront Development in Hamilton, Bermuda’. Visiting the island to present on this topic were Justin Throwbridge, Adam Coleman, Brannen Blazer, and Mason Ellerbe, all of the University... Read more of this article

Sheen: Setting Your Real Estate Selling Price

Sheen: Setting Your Real Estate Selling Price

[Written by real estate agent Kim Sheen] If you’re selling or renting your house, one of the first steps you’ll take is setting an asking price, a maneuver that requires the ability to find the perfect balance between attracting solid offers and ultimately receiving top dollar. If you’re working with a Real Estate Professional, you’ll... Read more of this article

America’s Cup Team Moving Into Grand Atlantic

America’s Cup Team Moving Into Grand Atlantic

Team Oracle — which is due to be housed in the Dockyard area which is presently under construction — will move into the Grand Atlantic development starting in April for approximately three months, the Government announced today [Mar 27]. A spokesperson said, “The Bermuda Housing Corporation [BHC], in conjunction with the Bermudiana... Read more of this article

Morgan’s Point Submits First Phase To Planning

Morgan’s Point Submits First Phase To Planning

Morgan’s Point Ltd. – the company developing a hotel and residential complex in Southampton —  announced that plans for the first phase of the development, including an Environmental Impact Study [EIS], have been submitted to the Department of Planning. The company said the plans include an “ultra high-end 84-room hotel, a marina... Read more of this article

Minister Outlines Immigration Amendment Act

Minister Outlines Immigration Amendment Act

Minister of Home Affairs, Sen. Michael Fahy today [Mar 21] provided clarification regarding the Bermuda Immigration and Protection Act Amendment Bill to be debated on Wednesday, March 25, 2015 in the Senate. Outlining the intent of the Bill, Minister Fahy noted:‎1. The bill will lower the minimum Annual Rental Value [ARV] from $177k to $153k for... Read more of this article

Parliamentarians Discuss $9M Grand Atlantic Fee

Parliamentarians Discuss $9M Grand Atlantic Fee

[Updated] Public Works Minister Craig Cannonier told the House of Assembly the developer will be paying $9 million over four years for the Grand Atlantic Development. “The Grand Atlantic loan balance currently stands at $36.7 million,” Minister Cannonier said. “It is anticipated that the agreement with the new developers for Grand... Read more of this article

Update On Plans For Grand Atlantic Development

Update On Plans For Grand Atlantic Development

The Government announced that the Bermudiana Beach Resort development team lead partner, MacLellan and Associates, has provided them “with a Memorandum of Understanding Presentation Pack which provides documentation for the specified conditions set forth in their agreement to acquire the development property currently known as Grand Atlantic.” Last... Read more of this article

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