Sunday, June 7, 2015

Bermuda Real Estate News Update - More Property Choices for International Buyers in Bermuda

Changes in Bermuda breathe new life into the Bermuda housing market

Good news for the Bermuda housing market! The Bermuda Immigration and Protection Amendment Act 2015 was just approved by the House of Assembly on 29 May 2015 increasing opportunities for non-Bermudians to purchase property in Bermuda.

This is positive news for homebuyers and sellers alike -  as well as the Bermuda economy as a whole!

We  hope that this will lead to increased real estate sales and associated consumer spending which will stimulate the economy at the higher end of the property market. The housing market has certainly suffered in recent years and the Act can only serve to help open up the market.

Here is a breakdown of the Act and how it has changed the previous laws and what this means for ‘restricted persons’ (permanent resident certificate holders and non-Bermudians):

Purchasing houses
PRC holders: PRC holders will be able to purchase any house they wish. The ARV for PRC holders to purchase properties in Bermuda has now been lowered from $63,600 to nil.

This eases property ownership limitations on permanent residents by allowing them to own, or otherwise have a beneficial interest in, two properties instead of one. Apartments attached to these properties are not treated as separate accommodations, which means that PRCs can buy or own houses with apartments attached. They can also now rent them out without needing to seek permission from the Bermuda Government.

Non-Bermudians: The residential ARV threshold for non-Bermudians has been lowered from $177,000 to $153,000 – these homes this would likely equate to an asking price of at least $3million. This opens up over 150 additional residential properties (excluding condominiums) into the market. This would place an additional 160 residential units back into the Restricted Persons market, and the new percentage of available residential stock would be 3.7%.

Purchasing condos
PRC holders: Previously, PRC holders could purchase any condominium (except where it is a tourist accommodation or hotel residence) provided it had been privately developed. The new law does not change this.

The license fee payable by PRCs is 4% of the value of the property. This will increase to 6% on October 1, 2015.

Non-Bermudians: The new law enables all non-Bermudians eligible to purchase any condominium with an ARV of at least $32,400, as long as it has been privately developed.

Under the new Law, the license fee payable by a non-Bermudian is unchanged at 6% of the value of the property, increasing to 8% as of the October 1, 2015.

Tourist accommodation and hotel residences
Previous regulations have been repealed meaning that properties which meet the basic requirements to be considered tourist accommodation or hotel residences (primarily that the property be situated within the grounds of a hotel) are now eligible for purchase by PRC holders and non-Bermudians.

The 90 day and 120 day occupancy limits of license holders, their families and guests in tourist accommodations have also been removed, so that those holding licenses would get up to 6 months annually. “Clause 16 amends the Bermuda Immigration and Protection (Tourist Accommodation and Hotel Residences) Regulations 2010 to remove restrictions on occupancy of tourist accommodation.”  I think the RG got it wrong

Territorial restrictions
The total area of land in Bermuda that can be owned by PRC holders and non-Bermudians remains the same – limited to 2,500 acres.

If you would like to see more about this or updates on properties currently available for purchase in Bermuda visit my website or check out our Cranfields Property Facebook Page for updates about Open Houses and  properties currently for sale.

Saturday, June 6, 2015

Bermuda Island Style - Patios and Porches - Outdoor Lounging Areas

Bermuda Outdoor Lifestyle - How to Improve, Enjoy and Add Value to your home
Our climate in Bermuda lends itself to outside living. We all appreciate a sheltered shady spot leading right off the house for entertaining and relaxing. How great it is to be able to fling open a door year round and step out to a pretty patio!

Outdoor lounging areas are big draws for buyers. It’s a joy to show an attractive outdoor area that expands the living space.  It gives added benefit to purchasing your home.

Lights, Action, Ambiance!

Colourful and bright

Enchanting ambiance at night

Upgrading patios and porches adds value for the homeowner.  If you can utilize your outdoor space comfortably and often, doesn’t it make sense to invest in it? Huge changes in weather resistant materials have made things easy and introduced many exciting choices which are altering our style of living and bringing neglected patios, porches and pool areas back into our home’s useable space.

Weather resistant – pricey or modest 
Simple and Elegant 

Budget friendly
Any space no matter how modest can become a mood lifting refuge for evenings after work.  By adding comfortable seating, a few lights, soft fabrics you can create your own welcoming retreat.  

Quick and rewarding ways to beautify your outdoor room
·         Start by creating shelter for day or night –  an awning, a patio umbrella, or even peg a canopy of fabric overhead
·         Decorate with plants
·         Find interesting vessels to plant with herbs and flower seedlings and water daily.
·         Wrap branches or drape pergola / canopy with strands of small outside Xmas lights.
·         Cover an outside table in colourful cloth and set with candles in jam jars and flowers.
·         Style to your taste with wind chimes, chandeliers, bird feeders, mobiles etc

Be creative and let your lights shine! Upgrading the exterior of your home makes your home a more enjoyable place while also increasing the value of your home in the eyes of the buyer. It’s a win-win!

For more information on selling or staging your home for sale you are welcome to contact or Cranfields Property’s Website

Sunday, December 28, 2014

Bermuda Wishes!!!

With 2014 drawing to a close all of us here would like to say thanks to all of our Blogger friends and our clients - near and far, for all your support during 2014 and to wish you all a fab 2015 - may your needs be met - your targets exceeded and your dreams fulfilled...!!!

May you live in Bermuda!!!
We welcome the opportunity to show Bermuda’s properties to you.
 For more information on these or any other properties in Bermuda please contact 
    Sharon Cranfield of Cranfields Property Bermuda Ltd   
      tel: 1 441 305 8074  or email :

Member of the Bermuda Chamber of Commerce

Tuesday, December 2, 2014

New Executive Bermuda condo available to International buyers $975,000

Want to buy a home in Bermuda? 

#7 The Grove, Smiths, Bermuda 

Bermuda condo available to International buyers $975,000

  Make your home on the Island of Bermuda – in picturesque Flatts Village US$ 975,000. 

  This is completely turn-key with  2 bed 2 bath + study with new kitchen,

 bathrooms and gleaming  wood flooring in Smiths, Bermuda

Water views and private access to the serene waters of Harrington Sound 
are an added bonus for the homeowner.

This brand new large executive style ground floor apartment overlooks the pool area and  Harrington Sound. It is truly a blank canvas with a 32' long living room,dining room and study with many windows. 

It has new AC, gleaming wood flooring, a stylish kitchen and a fabulous master suite with an enlarged new bathroom including a double vanity, a soaking tub and ample closet space.The delightful patio leads into 4 acres of cultured gardens. This is absolutely turn-key with easy access to the City of Hamilton and LF Wade International Airport.
We welcome the opportunity to show Bermuda’s properties to you.
 For more information on these or any other properties in Bermuda please contact 
    Sharon Cranfield of Cranfields Property Bermuda Ltd   
      tel: 1 441 305 8074  or email :

Member of the Bermuda Chamber of Commerce


Thursday, October 2, 2014

Beautiful Bermuda Skylines to Wake Up To! - $695,000

'Baywatch' is a perfect little 2 bed cottage overlooking the sea in St. Georges, Bermuda

Situated right on Tobacco Bay, this home enjoys beautiful ocean cove views. It was newly built in 2008 and parking was created on site for bikes and car.

The eat-in kitchen is attractive and modern, with stainless appliances and solid surface counters. Both bathrooms are well finished and tastefully tiled.

Upstairs the master bedroom opens to an old fashioned sleeping porch overlooking the bay, allowing ocean breezes to fill the room. Another couple of rooms up here offer good space for a hobby room, study as well as lots of storage. As a bonus the attic above has windows and is good useable space. The basement near the parking area is convenient outside storage and is a comfortable standing height.

For an appointment to view this property or for more information please contact Sharon at Cranfields Property Bermuda Ltd on tel: 1 (441) 305 8074 or by email You can also visit our website:

Click here for more photos

Download the flyer

Tuesday, September 16, 2014

Attractive Family Home in Bermuda - Farmers Lane 18A - $1,100,000

Newly constructed duplex style, 3 bedroom freehold townhouse on Burnt House Hill with nearly 1/3 acre of private garden.

Internally the large square footage and garage make this a very attractive family home for a large family or executive style living.

A fabulous master suite with spacious en-suite bathroom and walk in closet is situated on the upper level with 2 further bedrooms and bathroom as well as the kitchen, living and dining rooms on the ground floor off.
The kitchen is attractive, country-style open plan to the living area and outside patio. On the lower ground floor there is a garage, with internal access to the house.  Here we also find the laundry, storage area together with an attractive 3rd bathroom.

For an appointment to view this property or for more information please contact Sharon at Cranfields Property Bermuda Ltd on tel: 1 (441) 305 8074 or by email You can also visit our website: 

Thursday, August 28, 2014

The Grove - Available to Local and International Buyers!

The Grove #8 - $875,000 - 2 bed 2 bath apartment
Lovely views of Harrington Sound can be enjoyed from this 2nd floor apartment.  

The kitchen and bathrooms have been updated and this unit has the added benefit of a study providing extra space.
The apartment is serviced by elevator, has a very spacious interior and secure entry from the covered parking. New windows and central air have been installed.

There are 2 bedrooms. The master bedroom has an en-suite bathroom, large closet space and an enclosed verandah with views of Harrington Sound. There is plenty of guest parking, a swimming pool and a waterfront on Harrington Sound over Palmetto Beach
The Grove’s Residents enjoy an easy walk to Flatts Village, Rustico, Aquarium and bus stops. 

For an appointment to view this property or for more information please contact Sharon at Cranfields Property Bermuda Ltd on tel: 1 (441) 305 8074 or by email You can also visit our website: