Hashtag: #BermudaRealEstate
Green Family Purchase Former HSBC Building
The Green family have completed the purchase of the former HSBC Building on Front Street in Hamilton, and said the property will be “comprehensively renovated and renamed Point House.” The Green Family — who also own the Hamilton Princess — said the plan is to make the building “more visually attractive,” with the... Read more of this article
Land Title Registration Office Closed From 12-3
The Ministry of Public Works is advising that the Land Title Registration Office will be closed today, 28 March, from 12.00 pm until 3:00 pm. Related Stories Govt Highlights Mortgage Guarantee Programme Harmony Hall & Riddell’s Bay Stations For Lease Expressions Of Interest For Admiralty House Land Taxpayers Reminded To Submit Forms New Units... Read more of this article
Housing Trust Audited Financial Statements
Minister of Public Works Lt/Col David Burch tabled the Bermuda Housing Trust Audited Financial Statements for the year 2017/18 [PDF] in the House of Assembly today [March 13], noting that “not only are they up-to-date in their annual audits but are also in a healthy financial position.” “This is no accident – but can be attributed... Read more of this article
Aunt Nea’s Inn For Sale, Open House To Be Held
This Saturday [March 9] there will be an open house at the historic Aunt Nea’s Inn in St George’s, with the guest house having been listed for sale at a price of $2,995,000. In describing the property, the sales agent said, “Built in 1791, historic Aunt Nea’s Inn represents a unique opportunity to invest in Bermuda’s growing tourism... Read more of this article
Photos: Luxury Property ‘Aragon’ For Sale
Aragon — a luxury 4-bedroom, 5 bath property on Trimingham Hill in Paget — is for sale at $5,250,000. An RSIR spokesperson said, “Sitting atop the highly sought-after Trimingham Hill in Paget is the significantly redeveloped 4-bedroom, 5 bath home known as Aragon. “Rego Sotheby’s International Realty introduces the sophisticated... Read more of this article
Consider Taxing Multiple Units Over $90K ARV
Individuals or companies who own multiple rental units in aggregate at or above the $90,000 ARV “should be taxed at the 5% rate,” Citizens Uprooting Racism in Bermuda [CURB] said, as this would “bring about a greater wealth redistribution and have those who are in a wealthier position pay a fairer share of the tax burden.” Minister... Read more of this article
Proposed Delisting: Hureka House In St David’s
The Ministry has proposed the delisting of a building of ‘Special Architectural and Historical Interest,’ noting that the wooden cottage in St. David’s has been deteriorating and is “now beyond repair.” This is according to a recent Official Government Notice, as the Minister “must before removing the historic monument... Read more of this article
Minister: No Residential Rental Tax In Budget
[Updated] Finance Minister Curtis Dickinson has reportedly announced that the proposed residential rental tax that was in the pre-budget report will not be included in the 2019/20 budget. This follows after Government’s statement released earlier today which said that a number of people have contacted Consumer Affairs about the proposed tax,... Read more of this article
Govt: No Decision Made On Proposed Rental Tax
[Updated] Due to a number of people contacting Consumer Affairs saying that their landlord informed them “their rent will be increased due to the new tax,” the Government noted that while the proposal was contained in the Pre-Budget Report “no decision has been made by the Government to implement it at this time.” The Government’s... Read more of this article
Age Concern: 84% Not In Favor Of Rental Tax
Age Concern Bermuda thanked the “over 500 persons” who responded to their request for input over the idea of a rental tax, saying that “84% of respondents were not in favor of a rental tax and of those, 94% expressed that seniors should be exempted from a rental tax, should it be imposed.” The Government is considering taxing... Read more of this article
Chubb Building Earns Green Re-Certification
The Chubb Building on Woodbourne Avenue is the first in Bermuda to be twice recertified as LEED Gold by the U.S. Green Building Council, the company announced today. “LEED, or Leadership in Energy and Environmental Design, is a green building certification program that recognizes best-in-class building strategies and practices,” Chubb said. “The... Read more of this article
New Co-Working Space Launched In Hamilton
[Written by Don Burgess] Collaboration is at the heart of a new business co-founded by Natasha Tucker. She has a vision of entrepreneurs investing in themselves with their start-ups at The House, a new co-working space in the heart of Hamilton. Having spent the past six years working in London, Ms Tucker fell in love with co-working spaces and the... Read more of this article
