Hashtag: #BermudaRealEstate

Govt Expands Mortgage Guarantee Programme

Govt Expands Mortgage Guarantee Programme

Starting on April 1, the Government will expanding Phase 2 of the Mortgage Guarantee Programme to “include employees of Government quangos and part-time Regiment soldiers who will now also be eligible to transfer their mortgages into this programme,” Premier David Burt announced in the Budget, The relevant extract of the 2024 Budget statement... Read more of this article

Govt: Brookfield Project Is A ‘Major Investment’

Govt: Brookfield Project Is A ‘Major Investment’

“The development of Brookfield Place is a real and tangible demonstration of the significant confidence that investors have in Bermuda as a premier business centre,” said the Minister for the Cabinet Office, Vance Campbell “following the Brookfield Place planning approval decision.” A Government spokesperson said, “The... Read more of this article

RSIR Celebrates Their 75th Anniversary

RSIR Celebrates Their 75th Anniversary

Rego Sotheby’s International Realty is celebrating its 75th anniversary this year, having been founded by Benjamin “Benny” Rego Sr. in 1949 as Rego Agency with four employees and agents. A spokesperson said, “2024 marks Rego Sotheby’s International Realty’s 75th Anniversary. As Bermuda’s longest serving real estate company, Rego... Read more of this article

Gencom Updates On Fairmont Renovation Work

Gencom Updates On Fairmont Renovation Work

Westend Properties and its managing partner, Gencom, provided an update on the “preliminary work being carried out at the Fairmont Southampton property in preparation for the extensive renovations planned for the hotel and Beach Club.” A spokesperson said, “These early phases of demolition and site preparation are crucial to enabling... Read more of this article

Newly Established South East Hamilton EEZ

Newly Established South East Hamilton EEZ

The Bermuda Economic Development Corporation [BEDC] announced the “expansion of the Economic Empowerment Zones [EEZ] with the newly established South East Hamilton Economic Empowerment Zone [SEHEEZ], with the aim of aiding business growth and economic development in Bermuda.” A spokesperson said, “This expansion opens up a realm of... Read more of this article

Historical Lookout Tower To Be Demolished

Historical Lookout Tower To Be Demolished

“The decision to demolish the tower has not been taken lightly,” stated Minister of Public Works Lt/Col David Burch on the decision to demolish the Lookout Tower near Paynter’s Road, Hamilton Parish. The Government spokesperson said, “The tower is a historical landmark located within the woodland reserve and originally erected by the... Read more of this article

Two Parts To Southampton Redevelopment

Two Parts To Southampton Redevelopment

Westend Properties said they would like to clarify points about the Fairmont Southampton redevelopment; noting that there are two parts to the redevelopment, one is the renovation of the hotel and beach club and the other is the construction of the new tourism and residential units. A spokesperson said, “Westend Properties would like to clarify... Read more of this article

BHB Purchases Craig Appin House Building

BHB Purchases Craig Appin House Building

The Bermuda Hospitals Board [BHB] announced it has “purchased Craig Appin House in Hamilton in a favourable deal that protects it from future rental increases.” A spokesperson said, “BHB has rented space in Craig Appin for over ten years, after it had to decant its Human Resources, ITS and Finance offices from the Queen Elizabeth Nurses... Read more of this article

Mini Bermuda Homes Placed On Roundabout

Mini Bermuda Homes Placed On Roundabout

The Crow Lane roundabout in Paget has been transformed into a display of traditional Bermudian charm, featuring miniature Bermuda-style homes that were created by the Department of Works and Engineering’s carpentry shop. “This collaborative effort embodies the spirit of unity within our Ministry,” remarked Minister of Public Works Lt.... Read more of this article

Video: SOI Plans For Seniors Living Facility

Video: SOI Plans For Seniors Living Facility

[Updated] The Minister of Public Works Lt/Col David Burch and the Minister of Youth, Social Development and Seniors Tinee Furbert, along with the Bermuda Land Development Company, held a press conference “to announce a housing initiative that will benefit seniors.” We will have additional information later on, and in the meantime the video... Read more of this article

Westmeath Unveils Newly Restored Verandah

Westmeath Unveils Newly Restored Verandah

Westmeath celebrated the restoration of their verandah on their historically listed home, and thanked all the “carpenters and painters for the hard work and skills to restore the verandah with all its historical integrity.” Speaking at the ribbon cutting, Susan Jackson said, “Good morning and thank you for joining the Westmeath family... Read more of this article

Minister On Bermuda’s Housing Shortage

Minister On Bermuda’s Housing Shortage

“Bermuda is now facing what can be considered a housing crisis,” Minister of Economy and Labour Jason Hayward said, adding that “various policies and interventions are needed at distinct levels relying on both public and private sector involvement to garner solutions.” Speaking in the House of Assembly today [Nov 10] the Minister... Read more of this article

Video: Homeworthy Features Bermuda Home

Video: Homeworthy Features Bermuda Home

Homeworthy has showcased the home of architect Georgia Crowe Benevides, providing a view at the luxurious property which they called a “tropical escape” with “stunning ocean views.” As Homeworthy toured her home, Ms Benevides told the popular channel, “I’ve lived here for 35 years, my husband was born here and I... Read more of this article

Video: Minister Grants Fairmont Hotel SDO

Video: Minister Grants Fairmont Hotel SDO

[Updated] Minister of Home Affairs Walter Roban held a press conference this morning [Oct 26] to provide an update on the Fairmont Southampton SDO. Update 11.58am: The press conference is still underway, the Minister announced he will grant the SDO, with some conditions related to the building and environmental measures. Update 2.35pm: Deputy Premier... Read more of this article

Govt & BHC Unveil New Accessible Housing

Govt & BHC Unveil New Accessible Housing

The Government and BHC recently unveiled a newly renovated 3-bedroom 2-bathroom home which was converted to meet accessibility standards, with the Government noting they “promised to create inclusion in our society for the differently abled by designing and constructing accessible units. ” Speaking at a press conference, Minister of Public... Read more of this article

Video: Amendments To The Stamp Duty Act

Video: Amendments To The Stamp Duty Act

The Bermuda Government today released a short video highlighting its Stamp Duty Amendment Act 2023. A Government spokesperson said, “In March 2023, the Bermuda Government made revisions to the Stamp Duty Act of 1976 with the aim of aiding first-time homebuyers and enhancing the equity of stamp duty fees. These changes involved increasing the exemption... Read more of this article