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Property prices are likely to fall as the number of real estate transactions slides this year, realtors said. While the economic damage from measures to combat the spread of the novel coronavirus will hamper the sector this year, realtors are already...

The Department of Planning appreciates the patience and understanding of our valued clients as we continue to process and resolve planning applications remotely, as well as review and issue building permits. The convening of the Development Applicat...

Real estate transactions in play when the Covid-19 pandemic reached Bermuda continue to be processed, a leading realtor said yesterday. Sharon Cranfield, chair of the real estate division at the Chamber of Commerce said: “Sales transactions are progr...

Bermuda’s struggling real estate market will only recover if the island’s banks begin lending again, an economist told a construction and trades industry conference. Robert Stubbs, who is head of research at think tank Seed Bermuda, was speaking on a...

Requiring first-time homebuyers to live in their property for three years before receiving stamp duty relief has seen sales under a government programme “grind to a halt”, a leading real estate industry figure said. Sharon Cranfield, chairwoman of th...

Allowing work permit holders to purchase condominiums could stimulate the island’s struggling real estate market and provide relief for Bermudian owners seeking to sell their properties, leading industry figures said yesterday. Brian Madeiros of Cold...

When Karen Brine started in real estate, three decades ago, most people got married, had a family and bought a house. Today’s generation is turning everything on its head. “Millennials are career oriented,” she said. “They want to travel. They don’t...

Process times for some planning applications will be “greatly reduced” thanks to a new scheme, the home affairs minister pledged today. Walter Roban said that the change allowed the Development Applications Board to delegate the power to grant or re...

Bermuda’s residential property market slumped during the second half of 2019, a real estate newsletter reveals. Total sales transactions for the year are expected to be less than half what a normal market should produce, while many properties are tak...

Two of Hamilton’s most prominent commercial properties have hit the market for the first time since the 1800s. The Walker Arcade building and the Calypso building, which are owned by separate but related companies, are listed together for a sale pric...

Bermuda Realty Company Ltd and Coldwell Banker Bermuda Realty have presented awards to 11 team members who reached long-service milestones. The employees recognised have 165 years of cumulative service, and were presented with awards by Brian Madeiro...

Bermuda is too small to accommodate businesses like Airbnb because of the impact they have on the property rental market for residents, according to an expert who works in the real estate business. Ambika Scott, chief executive officer/broker of Moon...