Hashtag: #BermudaRealEstate
Minister Updates On BHC Housing Plans
Over the 2023/24 fiscal year “barring any unforeseen circumstances,” through the Bermuda Housing Corporation [BHC], the Government will see the refurbishment of 48 affordable rental units and 42 new units added to the BHC rental stock, Minister of Public Works David Burch said. “Over the next twelve months it is projected there will... Read more of this article
CURB & BNT On Watlington House Demolition
[Updated] CURB said they are “dismayed to learn that, once again, a building of historical importance is demolished” while the Bermuda National Trust [BNT] said they are ”saddened by the loss of this important piece of Bermuda’s cultural heritage.” CURB A spokesperson said, “CURB is dismayed to learn that, once again,... Read more of this article
Expand ‘Approved Residential Scheme’ To City
Noting that we must ensure that there is more housing given the “need to grow our working population,” Premier David Burt said the “Government will advance a bill that will amend the Economic Development Act to expand the eligibility for Approved Residential Schemes from solely the Economic Empowerment Zones to the entire City of Hamilton.” The... Read more of this article
Govt’s Mortgage Programme To Enter Phase 2
Starting on April 1st 2023, the Government will be transitioning into phase 2 of the Mortgage Guarantee Programme “where public officers with mortgages at other institutions will be eligible to transfer them over and participate in the programme,” Premier David Burt said, adding that they will also “be removing the age restriction... Read more of this article
Cabinet Approves Morgan’s Point Project
[Updated] The Cabinet has approved the completion of Morgan’s Point, with 101 residential units planned for phase one along with an amenity village with restaurants, shops, a boardwalk and more, with the Premier saying that “initial cost estimates for this first phase are $130 million.” Premier Burt tweeted the images below, saying: “Exciting... Read more of this article
‘Bermuda-Style’ House For Sale For $48 Million
A house billed as ‘Bermuda-style’ house in Florida returned to the market, with a price tag of $48 million after selling for $30.7 million in 2021. The Palm Beach Daily News website said, “An ocean-to-lake estate near Palm Beach has returned to the market with a price tag of $48 million after selling for $30.7 million in 2021. “The... Read more of this article
Over 12.5% Of Land In City Used For Parking
“Over 12.5% of land within the City is dedicated to parking facilities of various forms” and “the current volume and spread of parking facilities is to the detriment of the pedestrian environment and we believe that a better balance could be achieved.” This is according to the recently released City of Hamilton Plan 2023 Consultative... Read more of this article
Robert Richardson Earns RICS Membership
Robert Richardson has successfully earned membership with the globally recognized Royal Institution of Chartered Surveyors [RICS] as a Chartered Quantity Surveyor. The qualification is a significant milestone in Mr. Richardson’s 15 year career in construction project management and cost management, and he noted that it “demonstrates his commitment... Read more of this article
15% Vacancy Rate At City Ground Floor Level
The City of Hamilton “has a vacancy rate of 15% at ground floor level” and “we predict that this figure is likely to increase as the full and long-term impacts of the pandemic are felt. ” This is according to the recently released City of Hamilton Plan 2023 Consultative Draft which said, “Our research has found that the... Read more of this article
Minister Updates On BHC Housing Initiatives
“We will not cease in our efforts to address the housing needs of Bermudians through the provision of affordable and appropriate housing initiatives,” Minister of Public Works Lt/Col David Burch said today [Dec 9] in the House of Assembly. The Minister said, “Through the Bermuda Housing Corporation [BHC] I am pleased to share the following... Read more of this article
‘Keys To The Rock’ Releases Episode 12
Keys to the Rock [K2TR], a Bermuda real estate podcast hosted by industry professionals Daniel Woods and Ben Rego, is aiming to “educate the Bermuda public about all things real estate,” with episode 12 recently released. A spokesperson said, “Keys to the Rock [K2TR] is Bermuda’s only Real Estate podcast, hosted by industry professionals Daniel... Read more of this article
New Southampton Architectural Heritage Book
The Bermuda National Trust is launching ‘Southampton,’ the tenth and last in its Bermuda’s Architectural Heritage series. A spokesperson said, “The series, begun in 1995, covers every parish and the City of Hamilton. It highlights the architecture of the most interesting buildings on the island and the people who built, lived and... Read more of this article
