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The dormancy of Bermuda’s real estate market for a number of fiscal cycles reached its lowest point in the sales of 2012, reflecting a number in the region of 200. This represented a formidable 70% decline in market activity since the height of the ...

Government’s $4.4 million payout over the Dame Lois Browne Evans Building went to two local companies, a Public Works Ministry spokesman said. The “settlement fees” to contractors LLC and Universal Electric Ltd covered works done during the construct...

In recent weeks, there seems to be a lot of optimism that the local economy will start to improve towards the second half of the year. Following positive growth in North America and stabilisation in some of the European markets, we have seen improvem...

By the time you are reading this, our home of the week may already be under contract. Trebor’s View, a renovated two-bedroom cottage with an income apartment on a hilltop in Spanish Point, is priced to sell at $610,000. The property has attracted mu...

Government paid out $4.4 million on a court settlement over the Dame Lois Browne Evans Building, according to Public Works Minister Trevor Moniz. The overall bill for the Court Street facility was just over $94 million, Mr Moniz told MPs. Overall, th...

The number of condos sold in the City of Hamilton has dropped sharply in the last five years. Figures for 2012 confirm that the number of closed sales in Hamilton has been reduced year over year since 2008, when they spiked. “A major part of the rea...

The real estate sector yesterday applauded a reduction in the licence fees for non-Bermudians to buy property. Coldwell Banker Bermuda Realty described them as “an amazing opportunity”. Finance Minister Bob Richards had earlier said the changes amoun...

Realtors say they are listing more properties that are in or facing foreclosure as an unprecedented number of Bermudians fall behind on their mortgage payments. One realtor said they’ve seen more people having trouble paying their mortgages “in the p...

The recent news of pending policy changes to be implemented with the 2013 Budget for Bermuda is designed to assist a broad spectrum of Bermuda’s population with real estate planning. The proposed changes in Alien License Fees payable to Government b...