Hashtag: #BermudaRealEstate
‘Increase In The Number Of Luxury Market Sales’
“2020 saw a substantial increase in the number of luxury market sales, increase in average prices, higher commercial rental demand and short- term rental supply challenges,” according to Rego Sotheby’s International Realty. “Luxury residential home sales with an ARV greater than $126,000 saw a remarkable recovery with an increase... Read more of this article
Photos & Video: Luxury Property Up For Auction
A waterfront property — offering a lot size of 1.4 acres with a single level 6,000 square foot residence and a private dock — is up for auction, with the ‘No Reserve Auction’ set to be held on Saturday, March 20th. The listing said, ”For luxury property buyers seeking to create their perfect Bermuda waterfront haven within... Read more of this article
Photos: ‘Bermuda Style’ House For Sale At $45M
A luxury property located in Palm Beach, Florida billed as being “Bermuda-style” is listed for sale at $45 million, with the 7,500 square foot property incorporating features including a moongate, buttery and welcoming arms staircase. “Incredibly conceived Bermudian gem ‘Tarpon Cove’ affording an incredibly rare level... Read more of this article
Housing Trust Audited Financial Statements
Minister of Public Works Lt/Col David Burch provided the Bermuda Housing Trust [BHT] Audited Financial Statements for the fiscal year ending 2020 in the House of Assembly today [Feb 19], saying that they ”indicate that the Trust remains in a strong financial position.” The Minister’s full statement follows below: Mr. Speaker, I... Read more of this article
BNT: 300 Year Old Property To Be Improved
One of Bermuda’s most historic houses is undergoing renovations, with the Verdmont property in Smith’s Parish — which is more than 300 years old — to remain closed to the public until the work is completed this spring. A Bermuda National Trust spokesperson said, “One of Bermuda’s most important historic houses is undergoing renovations... Read more of this article
Commission Of Inquiry Hearings Adjourned
The Commission of Inquiry into Historic Land Losses in Bermuda announced that proceedings “have been adjourned until further notice due to unforeseen circumstances.” A spokesperson said, “Pursuant to the Commissions of Inquiry Act 1935, this Commission of Inquiry was established on 31st October 2019 by the Premier, the Honourable... Read more of this article
Sharika Tucci Earns PCAM Credential
Local entrepreneur, Sharika Tucci of Masterkey Management Ltd. has earned the Professional Community Association Manager [PCAM] credential – the highest level of professional recognition in the condominium management field – from the Community Associations Institute [CAI]. Mrs. Tucci is one of just over 2,200 managers worldwide who have... Read more of this article
STEP Bermuda Talk To Be Held On January 29
The Society of Trust and Estate Practitioners [STEP] will be hosting a STEP Talk entitled ‘Bermuda Property, Stamp Duty, and Land Title Registration’ on Friday, January 29. A spokesperson said, “Join us for a free informative STEP Bermuda Talk – proudly supported by Bermuda Business Development Agency – on Bermuda’s real... Read more of this article
Bill To Postpone The Next Land Valuation List
Minister of Home Affairs Walter Roban introduced the Land Valuation and Tax [Special Provisions and Postponement of Preparation of Draft Valuation List] Act 2020 in the House of Assembly. “This Bill seeks to modify the effect of the Land Valuation and Tax Act 1967 so as to extend the validity period of the current valuation list and postpone the... Read more of this article
Officials Tour St. Regis Bermuda Resort Site
Minister of Home Affairs Walter Roban along with others visited the St. Regis Bermuda Resort site for a tour and progress update from the developers. A Government spokesperson said, “On Thursday, November 5th 2020 Minister of Home Affairs the Hon. Walter Roban JP, MP visited the St. Regis Bermuda Resort site in St. George’s for a tour and progress... Read more of this article
BHT Opens Newly Renovated Westcott Cottage
The Bermuda Housing Trust [BHT] announced the official opening of Westcott Cottage, a newly renovated property in the Ferguson Park, St. David’s seniors housing community managed by the BHT. A spokesperson said, “During a ceremony held on Friday, August 28, Premier David Burt joined Lt. Col. David Burch, BHT Chairman John Barritt, Deputy Chairman... Read more of this article
Proposed Delisting: Cedar Park Variety Building
The Ministry of Home Affairs has proposed the “delisting of a building [historic monument] of special architectural and historical interest,” namely the “Cedar Park Variety”, a building in Devonshire that used to house a convenience store and was badly damaged by a fire in January of this year. The Official Government Notice posted... Read more of this article
