Lunch and PRC's

Colonel Burch as guest speaker at the Chamber of Commerce Real Estate division’s AGM was amusing and charming - more so than I had expected. We were interested to find out whether the moratorium on Condominium Purchases by PRC’s will be lifted in June 2010 but the prognosis doesn’t seem good – although he didn’t technically say no.

PRC holders were previously able to buy condominiums with a lesser ARV than full Non Bermudian Purchasers.

Having said that there are a few Landmark Condos on the market at the moment that I believe still represents good value for money. Especially when you consider the amenities that are there – waterfront, beach, clubhouse, pool, tennis courts and even guest apartments for visitors. Landmark 2E with 3+ bedrooms has beautiful ocean views and an asking price of $1,050,000

It's worth a look!