Hashtag: #BermudaRealEstate

Billionaire’s Former Bermuda House On Market

Billionaire’s Former Bermuda House On Market

The former home of Canadian billionaire K.C. Irving — who is said to have moved to Bermuda in the 1970s to avoid death taxes – is up for sale, with an asking price of $1.9 million. At the time of his death, in 1992, the New York Times reported that the Canadian billionaire had a “vast oil and timber empire that shaped the economy... Read more of this article

Bermuda-Style House Wins Award In Florida

Bermuda-Style House Wins Award In Florida

A ‘Bermuda-style’ house built in Florida won the annual Elizabeth L. and John H. Schuler Award from the Preservation Foundation of Palm Beach, according to the Palm Beach Daily News. The story said “A new Palm Beach house designed to look as if it might have been built decades ago and expanded over the years has been recognized with the... Read more of this article

Column: Common Legal Issues With Property

Column: Common Legal Issues With Property

[Written by Mathew Kelly] At the property legal clinic I held throughout March, I heard a range of issues from people who attended. Interestingly I found that many people raised the same two issues, namely lost title deeds and conflicts involving parental property. These two problems cannot be easily fixed, yet they can be easily avoided. I suspect... Read more of this article

Caroline Bay Residences For Sale From $2.5M

Caroline Bay Residences For Sale From $2.5M

Coldwell Banker Caroline Bay officially launched their local marketing strategy on 4th April 2017 and have introduce the first phase of the Caroline Bay, Bermuda development – The Cove, a Ritz Carlton Reserve Residence. “The initial phase is well under construction, situated directly on the beach and offering buyers the choice of 2 and 3... Read more of this article

Minister: No Intention Of Bringing Heavy Taxation

Minister: No Intention Of Bringing Heavy Taxation

Tourism, Transport and Municipalities Minister Michael Fahy believes “there will be significant growth in the vacation rentals and home stay market not just through AirBnB, but also through other organisations that promote tourism alternatives to hotels,” adding that “the Government has no intention of bringing heavy taxation to the... Read more of this article

‘Airbnb Arrangement Merits Close Examination’

‘Airbnb Arrangement Merits Close Examination’

“We welcome this new agreement for the positives that could be generated for Bermuda,” Shadow Tourism Minister Jamahl Simmons said, adding that “with Bermuda’s history of promoting monopolies as well as over-regulating and over- taxing new, competitive and innovative entrepreneurial enterprises, this new arrangement between the BTA... Read more of this article

Column: It Will Never Lose Its Value?

Column: It Will Never Lose Its Value?

[Opinion column written by Larry Burchall] Samuel Clemens – better known as Mark Twain and one of Bermuda’s early tourists – once said: “Buy land, they’re not making it anymore.” For Bermudians, that statement and investor sentiment was Bermudian-ized to “Buy a piece of the rock, it’ll never lose its value.” Until 2008, in Bermuda... Read more of this article

BTA Signs “Major” Agreement With Airbnb

BTA Signs “Major” Agreement With Airbnb

[Updated with video] The Bermuda Tourism Authority [BTA] and Airbnb have signed a “major agreement that will help to promote Bermuda as a world-class destination for leisure, group travel and tourism investment.” A spokesperson said, “This partnership will also create a framework that opens a dialogue between the Government of Bermuda... Read more of this article

Lawyer Mathew Kelly Offering Free Legal Clinic

Lawyer Mathew Kelly Offering Free Legal Clinic

Mathew Kelly, a director of Chancery Legal Ltd has volunteered to offer a free legal clinic to answer questions relating to real estate matters. Mr Kelly is a property attorney with over 15 years’ experience and is well known in the real estate market in Bermuda. “The clinic will be available to all regardless of their means. This is designed to... Read more of this article

Casling, Card & Mayes Receive RSIR Awards

Casling, Card & Mayes Receive RSIR Awards

Two veteran real estate professionals and one newcomer at Rego Sotheby’s International Realty [RSIR] received special recognition for their exceptional 2016 performance. The awards, held annually, went to Residential Sales Associate Rhonda Casling, Residential Rental Associate Helen Card and Agency Administrator Kristine Mayes for their contributions... Read more of this article

Grand Atlantic RFP Selection Process Complete

Grand Atlantic RFP Selection Process Complete

The Ministry of Public Works, on behalf of the Bermuda Housing Corporation [BHC], announced that the “selection process as it relates to the Grand Atlantic Condominium - Request for Proposal [RFP] has been completed.” Grand Atlantic was planned as a housing development, however only one unit sold in the first six months, and in 2014 the... Read more of this article

Redevelopment Into Emergency Housing Centre

Redevelopment Into Emergency Housing Centre

Cabinet has approved the proposed redevelopment of the Bishop Spencer site into a new Emergency Housing Centre operated by the Salvation Army, and also approved the negotiation of a lease arrangement with the Salvation Army with the rent set at $1.00 per annum. This was stated by Public Works Minister Craig Cannonier in reply to Parliamentary Questions... Read more of this article

Cove Named One Of “10 Exceptional Condos”

Cove Named One Of “10 Exceptional Condos”

The Cove — the planned development at Morgan’s Point — was featured by Keith Flamer of Forbes lifestyle as one of the “10 Exceptional Condos To Watch In 2017″. The report said, “The Cove, a Ritz-Carlton Reserve Residence in Southampton, Bermuda is the first phase of the island’s largest mixed-use development ever—Caroline... Read more of this article