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Real estate

Letters to the Editor

"Unintended consequences"

Dear Sir, Earlier this year the Bermuda Government revised the rules for foreigners purchasing homes in Bermuda. The threshold ARV was raised from $155, 000 to $176,000. Bermudian owners as well as foreign owners of properties exceeding the threshold...
Oct 08, 2012
Other

"New novel from Bermuda resident Joy Chambers"

Bermuda resident Joy Chambers has released a new novel. Ms Chambers, one of the stars of long-running Australian soap opera ‘Neighbours’ and the wife of media mogul Reg Grundy, has written ‘The Great Deception’, a thriller about Australians in the S...
Oct 05, 2012
Other

"Hamilton has enough empty office space for 4,000 workers"

The City of Hamilton has more than 600,000 square feet of empty office space that could accommodate up to 4,000 city workers. That’s according to local real-estate agency Coldwell Banker, which has a five-person team specialising in commercial rental...
Sep 28, 2012
Other

"Strong interest in real estate market from overseas"

Interest in Bermuda real estate is strong from overseas, say realtors looking for a boost in business from a recent change in property laws that will make more homes available to foreign buyers. Rego Sotheby’s International Realty has noticed thousan...
Aug 10, 2012
Local Business

"Parking demand boosts West Hamilton profits"

West Hamilton Holdings Ltd yesterday announced that its operating profit rose 35.9 percent in the first six months of the year to more than $396,682. Total revenue for the period was $1,049,431 — representing a slight decrease of 1.3 percent. In a s...
Aug 01, 2012
Politics

"Land licence law is rolled back"

A controversial law forcing Bermudians married to non-Bermudians to obtain a licence for the purchase of their own homes has been rolled back in the House of Assembly. However, such couples will still require approval to buy a second home — which One...
Jul 14, 2012
Politics

"Homes licence law rolled back"

A controversial law forcing Bermudians married to non-Bermudians to obtain a licence for the purchase their own homes has been rolled back in the House of Assembly. However, such couples will still require approval to buy a second home — which One Be...
Jul 13, 2012
Local Business

"Lopes to push ahead with third Hamilton condo project"

Developer Gilbert Lopes is planning to proceed with his third condo development in Hamilton, offering some of the lowest prices in Bermuda for brand new upscale one and two-bedroom units. Mr Lopes’ planned Seven Park Road, which he hopes to begin bui...
Jul 04, 2012
Other

"Law change creates new opportunities for foreign property buyers"

International buyers with at least several million to spare can now snap up some of the Island’s most prestigious estates after major changes to Government land holding policies finally took effect. “Our inventory for non-Bermudian houses has increas...
Jun 25, 2012
Other

"Realtors back land policy bill"

Bermudians are no longer restricted from selling their homes to non-Bermudians as a result of a series of long-awaited changes to Government land holding policies. Local realtors hailed yesterday’s announcement by Government as “exciting” news for th...
Jun 23, 2012
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