Note that all rental properties are available to either Bermudian or non-Bermudian tenants.
As Bermuda is so small, and in order to ensure that property is preserved for Bermudians, overseas purchasers face certain restrictions in acquiring property in Bermuda.
Overseas purchasers may buy a house with an ARV of $126,000.00 or a condominium of $25,800.
Acquisition of undeveloped land is prohibited by non-Bermudians. (Spouses and children of Bermudians may acquire ownership of the property owned by the respective Bermudian spouse or Bermudian parent)
Ownership of commercial property is limited to a 40% share, as is investment in local business. The exception to this is ownership of major hotel properties.
In recent years, fractional ownership within private membership property developments has become a popular form of property ownership in Bermuda by non-Bermudians. Fractional ownership offers the purchaser a deeded real estate interest in a "residence". These developments offer many amenities such as swimming pools, tennis courts, golf course/club, beach clubs etc.
(This information has been updated as of June 2015. Fees and conditions are subject to change without notice.)
In order to ensure that property is preserved for Bermudians, overseas purchasers face certain restrictions in acquiring property in Bermuda. For more information on these restrictions, see Acquiring Property in Bermuda.
There is a 'virtual' multiple listing system with other real estate agents in Bermuda, so we can also show you properties you may not see represented on this site. Contact The Property Group today.