Hashtag: #BermudaRealEstate

Bill For Tax Relief For Bermudiana Beach Resort

Bill For Tax Relief For Bermudiana Beach Resort

A Bill tabled in Parliament seeks to offer relief from customs duty, hotel occupancy tax and exemption from the employer’s share of the payroll tax for a period of ten years for the Bermudiana Beach Resort. Titled the “Tourism Investment [Bermudiana Beach Resort] Order 2018,” the Bill is in relation to the Grand Atlantic property on the... Read more of this article

Bermuda Style Town In USA Ranks In Top Fifty

Bermuda Style Town In USA Ranks In Top Fifty

In an article that “ranks the nation’s most visually stunning locales” across the United States, Architectural Digest highlights the town of Alys Beach, Florida, likening its look to that of our own island in noting its “Bermuda-style architecture with courtyards, fountains, pools, and popped-out shutters.” In naming the... Read more of this article

Senator Answers Questions On Grand Atlantic

Senator Answers Questions On Grand Atlantic

The 78 Grand Atlantic condos are vacant, the approximate annual operating and staffing costs are $168,400, and the plans with the property are advancing. This was stated as Junior Minister for Public Works Vance Campbell responded to questions in the Senate from Opposition Senator Marcus Jones relating to the Grand Atlantic development on South Shore... Read more of this article

Housing Project: MP Moniz Responds To Minister

Housing Project: MP Moniz Responds To Minister

“This project, like the Grand Atlantic project, would have been nothing more than a white elephant, a complete waste of the people’s money,” OBA MP and former Minister Trevor Moniz said, and the decision to change the 100 housing project “was made in the full light of public scrutiny over 5 years ago.” His comments follow... Read more of this article

Minister: OBA Govt ‘Destroyed’ Housing Project

Minister: OBA Govt ‘Destroyed’ Housing Project

“The former OBA government has completely and unequivocally destroyed a project that was to bring housing relief to 100 families in this country,” Minister of Public Works Lt/Col David Burch said. Speaking in the House of Assembly, the Minister said that the project started in 2012, and after the OBA won the 2012 election they reduced the... Read more of this article

Stronger Penalties For Unauthorised Development

Stronger Penalties For Unauthorised Development

New amendments provide the Department of Planning with additional powers to take action against those who proceed with unauthorised development, by imposing penalties including the “enforced removal of already built unauthorised structures,” Minister of Home Affairs Walter Roban said. Speaking in the House of Assembly on Friday [Nov 23],... Read more of this article

Nov 30: Real Estate Licensing Outreach Session

Nov 30: Real Estate Licensing Outreach Session

The Superintendent of Real Estate is advising real estate brokers and agents that there will be an outreach session on Friday, November 30 at 10.30am at The Cathedral Hall, Church Street in Hamilton. A Government spokesperson said, “The Superintendent of Real Estate [the “Superintendent”] hereby advises real estate brokers and agents that there... Read more of this article

Tourism Minister On Vacation Rentals Tax Relief

Tourism Minister On Vacation Rentals Tax Relief

Speaking in the House of Assembly today [Nov 16], Minister of Tourism and Transport Zane DeSilva provided information on the “reasons this Government will seek to amend the Tourism Investment Act to implement a fair and equitable approach to the provision of tax relief on all vacation properties.” “This Government is committed to... Read more of this article

Arbitrade: ‘We Acquired Victoria Hall Building’

Arbitrade: ‘We Acquired Victoria Hall Building’

[Updated] According to an announcement posted today [Oct 31] on Arbitrade’s website, they have “completed the acquisition of the Victoria Hall Building” which “will serve as Arbitrade Ltd. Bermuda World Headquarters.” The company announced back in July they were expecting the buy the building, and their announcement today... Read more of this article

Video: Update On St Regis Hotel Development

Video: Update On St Regis Hotel Development

There are currently 55 people working on the construction of the St. Regis Bermuda Hotel in St. George’s, and a “tremendous amount of hard work has been carried out on the final stages of piling and foundations of the three blocks of the hotel,” and it is anticipated that the structure of the hotel will be complete by April 2019. This... Read more of this article

Bermuda Vacation Rental Collection Agreements

Bermuda Vacation Rental Collection Agreements

“Online vacation rentals website BermudaRentals.com will collect the new 4.5 percent visitor fee from guests to maximise convenience for both visitors and property owners,” the BTA said today. “The legislatively required guest fee goes into effect November 1, 2018. Earlier this month Airbnb announced it would add Bermuda to the list... Read more of this article

Barricades In Place At Derelict Canadian Hotel

Barricades In Place At Derelict Canadian Hotel

The City of Hamilton is advising that “barricades have been put in place along the south-facing façade of the derelict Canadian Hotel at the corner of Reid and Court Streets,” as “the integrity of the building has been severely compromised over the years due to its derelict condition.”“The City of Hamilton’s Senior Engineer... Read more of this article

Photos: Azura Property Hosts ‘Sneak Preview’

Photos: Azura Property Hosts ‘Sneak Preview’

Azura Boutique Hotel and Residences recently opened its doors to welcome almost 200 guests for a ‘sneak preview’ look at the completed units in the first phase of the development. The one, two and three bedroom units are located within 10 minutes drive of Hamilton in Warwick on the site of the former Surf Side Beach Club with views of the... Read more of this article