INTERNATIONAL BUYERS
Why overseas buyers purchase in Bermuda The experts at The Property Group explain why property on the island is a priceless investment
T
he year-round beauty of Bermuda, with its pastelcoloured houses and white roofs, exotic flowers, pink beaches, and mild subtropical climate, is a great lure for the hundreds of international buyers who purchase homes in Bermuda. Also of great appeal are the high
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standard of living, excellent health care, the presence of international legal and accounting firms and banks, excellent schools, and regular direct flights to the Island from the USA and regular direct flights to the United Kingdom. Typically, international purchasers who buy property here as a permanent residence or a holiday home, already know Bermuda, having worked here, vacationed here, or simply want to retire here. Property has grown steadily in value over the decades and remains secure, thanks to the island’s history of political and social stability. A diverse range of properties is available for those from abroad to purchase – from grand houses with asking prices
between approximately $3 million up to $20 million. You can also purchase a condominium as long as it is in a designated development, that is affiliated with a hotel. It provides the opportunity to rent one or more bedrooms back to the hotel which allows a purchaser to earn income. Fractional ownership is another option, you can purchase weeks or Bermuda Property Matters 2023
