OWN A PIECE OF PARADISE

Yes, foreigners can purchase property in Bermuda!

There continues to be mystique surrounding the purchase of property here. While it’s true that there is a limited number of vacation homes in our 21 square miles, there are some unique choices. Although housing must be kept for locals, visitors are welcomed with open arms. What’s more, there are now more options than ever for making Bermuda a second or vacation home destination — and a great investment for the future that will maintain its value.

Bermuda is an ideal location, with easy access via daily direct flights to U.S. gateway cities, as well as Canada and the U.K. The island has a high standard of living, with excellent healthcare, a safe and modern infrastructure, and enviable weather. With Bermuda’s pinksand beaches, clear turquoise waters, and vibrant culture, it’s no wonder visitors may want to own a slice of paradise.

Fractional And Whole Ownership

Historically, a select number of homes above $3 million were the only options for foreigners to buy property in Bermuda. But with fractional (shared) and whole ownership options, there are a few opportunities for those working in Bermuda for an indefinite period, or those choosing to make this island a vacationhome destination. Those interested in buying vacation properties now have more to choose from as hotel developers have entered the market with luxury as well as more affordable options. Luxury fractional condominiums have been on the market for some time, with the ability to spend as many as eight, five, or four weeks on the island.

Located on the waterfront of beautiful Hamilton Harbour, Newstead Belmont Hills is a favourite for those looking for a central and relaxed lifestyle within a tranquil setting. It offers freehold ownership opportunities for a spectacular vacation home with all the benefits of a luxury resort, including an award-winning 18-hole golf course, golf teaching centre, private ferry, beach access, three awardwinning restaurants, tennis, a fitness centre, and spa. There are two ways to invest in this island haven.

A very limited number of Newstead’s suites are available to buy outright as your Bermuda resort-living home. With all the amenities and benefits of being in a resort, the residences have a modern look and high-end appliances, fixtures, and furnishings. Belmont Golf Course membership is included with your purchase. Homeowners who will not be living full-time at Newstead have the option of placing their home or a lock-off room (with its own entrance and patio) into the hotel’s rental pool to earn income. Prices start at $850,000.

Under the property’s shared vacation ownership programme, owners at Newstead purchase a one-sixth or one-twelfth fully deeded, transferrable interest in one of the resort’s 44 studios, or in one of its one- and two-bedroom suites. Owners are guaranteed to enjoy four to eight weeks of usage annually — two weeks at a time, four times a year or one week at a time, four times a year. There is also the option to place any weeks not required by the owner, their friends, or family into the resort’s rental pool to earn income. Newstead is the only property that allows this. Pricing for this option starts at $59,500.

Other fractional properties include Tucker’s Point on Bermuda’s prestigious East End. The Harbour Court Residence Club is a fractional ownership property with a one-tenth interest in an 1,800 square-foot, two-bedroom, two-bathroom luxurious villa. Here, you’ll find 14 high-end, fully furnished villas with waterfront infinity pool and unrivalled water views. Ownership affords a minimum of five flexible weeks per year. Whether you seek rest and relaxation or activity and adventure, this is a great option starting at $199,000.

Perched on a limestone cliff, adjoining the Reefs Hotel is an enclave with 19 elegantly appointed two- and threebedroom residences overlooking the resort’s private pink-sand beach. Your family will befriend other families at the owner’s lounge, enjoy a private infinity-edge club pool, fitness centre, and rooftop putting green at The Reefs. Prices start at $185,000.

If you prefer full ownership “condo hotel” living, we have just what you’re looking for in Bermuda. Located just 10 minutes from the City of Hamilton, The Azura Bermuda development is To nestled on the cliffs along Bermuda’s coveted stretch of South Shore beaches. Available for purchase are spectacular full-ownership one- to four-bedroom residences starting at $995,000.

The newly opened St. Regis Bermuda Resort and Residences in charming St. George’s is available for purchase by international buyers seeking something on the higher end of the market. This contemporary hotel boasts 120 rooms and suites and features an 18-hole golf course designed by Robert Trent Jones Jr. The St. Regis offers visitors the island’s first hotel casino and features world-class amenities, including multiple restaurants with panoramic ocean views, spa, pool, lounge bar, beach, and marina. The luxury condominiums are available for purchase starting at $1.8 million.

The Bermudiana development on the coveted South Shore features studios, one-, two-, and three-bedroom options as well. These more affordable units start at $375,000.