island property news june 2014

Featuring properties for sale and rent, helping residents and visitors to findthe perfect home. Available free every month, distributed island wide.

Year-end statistics on the Bermuda real estate market are giving realtors and home sellers reason to celebrate. Buddy Rego and his team at Rego Sotheby’s International Realty have labeled 2013 a “market turnaround” year for residential real estate, reporting the first year-over-year sales growth since 2008.

Meantime, Coldwell Banker is reporting growth in the first quarter of 2014 as well. Its latest market intelligence report reveals a 38% increase in the amount of sales closed in the first quarter of 2014 when compared with the first quarter of 2013.

www.islandpropertynews.com / May 2014 / Island Property News 01

Data Show SignS of RecoveRy By Glenn Jones

JUne 2014hoMeS foR ReSiDentS & viSitoRS

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Here are some of the highlights from Rego Sotheby’s statistical reporting which is also available on the company’s website:

Home SaleS Volume2013 - $225 million in total 2012 - $197 million in total

13% increase

ProPerty tranSactionS2013 - 107 units 2012 - 97 units

10% increase

condo ProPerty ValueSSales Prices 4%(ARV of $32,400 or less)Sales Prices 8%(ARV of $32,400 or more)

aVerage reSidential rental 1st Quarter 2014

Studios $1,000 per month

one Bedroom $1,750 per month

two Bedrooms $2,400 per month

three Bedrooms $4,000 per month

High demand parishes: Devonshire, Pembroke and Paget

Let your home look its best!Full range of residential and commercial cleaning

TELEPHONE: (441) 293-1162 • CELLULAR PHONE: (441) 334-9852 • E-MAIL: [email protected]

02 Island Property News / May 2014 / www.islandpropertynews.com

Real eState inDex

the Property groupisland cleaning ServicesRealtor listings and overseas purchasers guidelinestuckers Point real estatecrisson & company moura & associatesProgressive realitySinclair realtyRental listingsJoy lusher real estateCranfields Property BermudaBF&m

island Property news is published and printed by MediaHouse

Bermuda - Bermuda Sun and Island Press, in partnership

with Tricia Lines and Diana Heslop

Booking deadline:15th of the month prior to publication

artwork submission deadline: 20th of the month prior to publication

contactSales Carlita Burgess 278 1852Diane Gilbert 278 1853Claire James 278 1855Trikeita Outerbridge 278 1804

Sales & editorialLisa Beauchamp 278 1850Robyn Bardgett 278 1810

Distribution Larissa French 278 1851

Print Chris Mitchell 278 1809

Rental listingsLarissa French [email protected]

email:[email protected]

RealtoR liStingS

1609 ViP exec T. 232-1609 • F. 232-1610 E. [email protected] www.1609vipexec.com acorn realty T. 236-4800 • F. 232-4222 E. [email protected] www.acorn.bmBermuda longtail real estate ltd. T. 232-2769 • F. 232-2770 E. [email protected] www.bermudalongtailrealestate.comBermuda Property link ltd. T. 232-7272 • F. 232-7273 • C. 704-6212 E. [email protected] www.bermudapropertylink.comBermuda universal realty ltd. T. 295-1546 • F. 295-8734Boeotia Property company ltd. T. 297-3038 • F. 297-2348 E. [email protected] enterprises ltd. T. 295-0754 • 295-1495 E. [email protected] www.capcar.comc.r.e. Properties ltd. T. 535-5487 • F. 295-8158 E. [email protected] www.creproperties.comcarecorp ltd. T. 292-2432 • F. 292-2175 E. [email protected] Bermuda realty T. 735-3471 • F. 297-5873 E. [email protected] www.caribbermuda.free.bmcentury 21 Bermuda Properties T. 441-293-2121 F. 441-295-6840 www.century21bda.comcoldwell Banker Bermuda realty T. 292-1793 • F. 292-7918 E. [email protected]: www.bermudarealty.comcoral Properties limited T. 295-7434 • F. 295-5944cranfields Property Bermuda ltd. T. 305-8074 • E. [email protected] www.bda4sale.comcrisson & company ltd. T. 295-0826 • F. 295-3221 E. [email protected] www.crissonrealestate.comdale young Properties ltd T. 441-236-5200 • F. 441-236-5201 E. [email protected] www.dyproperties.bmdecouto & dunstan real estate ltd. T. 292-0616 • F. 295-4618 E. [email protected] www.decoutoanddunstan.com

dunlop realty co. ltd T. 295-0734 • F. 295-8266 E. [email protected] www.dunloprealty.bmele Properties T. 296-7096 • F. 297-3787 E. [email protected] www.eleproperties.comFiduciary realty T. 705-9538 • Lea T. 505-0675F. 232-2989 • E. [email protected] www.fiduciaryrealty.comgar Bermuda ltd. T. 234-1674 • C. 332-9770 E. [email protected] W. www.garbermuda.bmgutteridge-Hart Property management & rentals T. 232-2437 or 504-0022 E. [email protected] realty ltd. T. 296-1518 E. [email protected] Property Services estate agents, auctioneers & appraisers T. 292-9328 • F. 278-9928 E. [email protected] Properties T. 236-2644 • F. 236-6202 E. [email protected] realty & associates T. 331-5532 • F. 234-2050 E. [email protected] www.jbmrealtyandassociates.comJoy lusher real estate ltd. T. 236-5120 • F. 236-7409 E. [email protected] www.joylusher.comKm realty ltd. C. 535-2400 • E. [email protected] www.kmrealty.bmKim Sheen Properties C. 734-1264 • T. 541-4977 E. [email protected] www.kimsheenproperties.bmKirkland realty & associates T. 335-3975 E. [email protected] & company ltd. P.O. Box HM 449, Hamilton HM BX T. 295-2525 • F. 295-0814 E. [email protected] www.kitson.bmleonard o. gibbons real estate ltd., T. 292-4905 • F. 292-2175 E. [email protected] orchard real estate ltd. T. 524-6905 • E. [email protected] www.More.bmmasterkey management ltd. T. 234-7287 • C. 300-7287 E. [email protected] www.masterkey.bm

mcinnis & associates ltd. T. 295-1663 • Cell: 737-5753 F. 292-1210 • E. [email protected] www.hmcinnis.commoura & associates T. 236-0737 • F. 236-0413 E. [email protected] www.mouraandassociates.commy-Bermuda-House.com limited Tel. 292-6245 E. [email protected] www.my-bermuda-house.comPlatinum realty T. 238-6037 • F. 238-6035 E. [email protected] www.platinumrealty.bmPremier Properties T. 232-0083 • F. 232-0083 E. [email protected] www.premierpropertiesintl.comPrime equities real estate T. 295-4446 • F. 292-8324Progressive realty ltd. T. 295-4255 • F. 292-9950 E. [email protected] • www.prg.bmProperty group ltd., the T. 234-6900 • F. 234-6892 E. [email protected] www.property-group.comrego Sotheby’s international realty T. 292-3921 • F. 295-7464 E. [email protected] www.regosothebysrealty.comrego realtors T. 292-3921 F. 295-7464 E. [email protected] www.regorealtors.comroderick decouto real estate ltd. T. 292-4990 • F. 295-8530 E. [email protected] www.decoutore.comruby dane realty T. 232-4461 • F. 232-7280 E. [email protected] www.rubydanerealty.comSinclair realty/christie’s great estates T. 296-0278 • F. 295-8693 E. [email protected] www.sinclairrealty.comSmithBridge realtors T. 292-1388 • F. 296-0069Somers realty ltd. T. 236-4001 • F. 236-5588 E. [email protected] gauntlett realty Tel. 295-4747 • Fax. 295-4746 E. [email protected]. www.bermuda.com/hosted/tedgauntlettWigwam real estate ltd. T. 297-3800 • F. 297-3801 E. [email protected]. Seymour real estate ltd. T. 441-292-2342 • F. 441-292-8210 E. [email protected] www.wjseymour.bm

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the pURchaSe of pRopeRty in BeRMUDa By non BeRMUDian / inteRnational BUyeRS iS SUBJect toceRtain ReStRictionS anD it woUlD Be USefUl to have a knowleDgeaBle Real eState pRofeSSional to help navigate the pRoceSS. Information supplied by Cranfields Property Bermuda

generally speaking:International Buyers may only buy a house with an Annual Rental Value (ARV) over $177,000 or a condominium with an ARV over $32,400 which is in a Designated Development. Prospective International Buyers must apply for a Licence to Acquire Land and submit an application along with a consideration fee of $1 416.00 (refunded if the license to own property is granted).

From 1st April 2013 the cost of a License to Acquire is reduced from 18 percent to 6 percent of the purchase price of a condominium and from 25 percent to 8 percent of the purchase price of a house.

After 1st October 2014 the licence fees will rise to 8 percent of the pur-chase price of a condominium and 12.5 percent of the cost of a house

Agreement in principle between an international buyer and seller includes a deposit of 10 percent of the purchase price. The deposit is held in escrow, subject to contract, and deducted from the overall purchase price.

Properties that form part of a Tourism Designated Development or a Resort property are subject to a 6.5 percent licence fee.

International Buyers may not buy land without a dwelling on it, commercial real estate or property intended mainly to earn rental income.

International owners may be granted permission to rent their property by the Immigration Department. Permission rarely extends to periods of more than a year and includes a tax of 7.25 percent.

Prospective international buyers may want to review the Bermuda Immigration and Protection Act 2007 amended 2012 or contact me for assistance.

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cURB appeal can help BooSt yoUR hoUSe foR pRoSpective BUyeRSBy Robyn Bardgett

The look and feel of a home starts with the first impression –– the outside, or what many call the “curb appeal”.An overgrown, messy garden can send prospective buyers retreating before they’ve even had a chance to see what you are offering.So what are some easy ways to make your house look more appealing?“Keep your lawn well-manicured and tidy to make a good first impression,” says Eddie Simas, manager

Creative Commons photoNeat and tidy: Make sure to give your home that desired curb appeal by maintaining your garden.


hoMeMaDe willSCheri Minors, Associate, Cox Hallett Wilkinson Limited

at Brighton Nurseries in Devonshire. “Hiring a good landscaper to ensure that your garden is tidied up is a good idea. Pull up any weeds and make sure that the grass isn’t overgrowing into the driveway or paths. If you have a good view, make sure to trim back any growth so that you can see the view.”Colour can always help to bring out the natural beauty of your garden.Mr Simas suggests picking up a few colourful glazed or terracotta pots and planting some an-nuals, which can be a valuable way to brighten up the outside of your home.“Plant a few colourful flowers or trees in a pot that can be taken with you to your new home when you move, which can be very cost effective but also give a little pop of colour,” he says.Another cost effective but colourful idea is to plant annuals.“If you know you are planning to sell your home, a couple of months in advance pick up a few an-nuals to plant in flower beds around your home. Window boxes can also be made up,” he says. “Another thing you can do if you have flower beds is add some colourful mulch, which helps keep everything looking nice and tidy.”Along with planting colorful blooms and making sure the grass and shrubbery are nice and tidy, it’s always a good idea to have the outside of the house painted and take care of any unused items that might be left out on the lawn.“If you have empty pots around fill them with plants,” says Mr Simas. He adds: “Taking care of the upkeep of your home by having a nice manicured garden makes a good first impression.”

Tel +1 441 296 0278 | [email protected] | www.sinclairrealty.com

Bermuda’s Luxury Real Estate Specialist

Whether you are seeking a beach, boating or golf estate, historic home, private island or quality condominium, Sinclair Realty offers the finest cache of properties island-wide.

As Bermuda’s exclusive affiliate of Christie’s International Real Estate, we look forward to providing you with the depth of expertise and excellence that is characteristic of everything Christie’s does.

SINC03-1436_Island Property News Artwork for JUNE.indd 1 5/20/14 12:05 PM


Rental liStingSdeadline For tHe SuBmiSSion oF rental liStingS iS tHe 15tH oF tHe montH Prior to PuBlicationPlease send your rentals to Larissa French at [email protected] or phone 278-1851

2 BeDRooM$2,700.00/month: This delightful 2 bed, 1 bath traditional Bermuda cottage off Whale Bay Road is a short walk to the bus. Well maintained and ready for immediate occupancy. Boasting a bright white eat-in kitchen with gas stove, fridge and pantry. A home for all Seasons with brand new reverse cycle air conditioners and living room fireplace for winter nights. Large front porch. Spacious yard with peach and banana trees plus a sheltered/enclosed garden area perfect for the gardening enthusiast. There is a basement with laundry hook up (also hook up in kitchen). Sorry - no pets. Crisson & Co. Real Estate 295-0826

$2850.00/month: Top floor apartment at Shelly Hall in Hamilton Parish. This lovely property has 2 swimming pools, tennis courts and is very close to The Marketplace Grocery, Pizza House, Shelly Bay Beach and major bus route. A very quick drive into Hamilton along North Shore Road. The apartment consists of master bedroom with en suite bathroom, second bedroom, second bathroom, bright and sunny living room with


soaring ceilings and a bricked patio just outside, kitchen with all major appliances including laundry. Available now. Crisson & Co. Real Estate 295-0826

$3,200.00 (Listing No. 717) Amazing views from penthouse unit at Landmark in Southamp-ton. Enjoy Landmark’s resort living, complete with shared swimming pool, private Landmark Beach and two tennis courts, all within walking distance to Whale Bay Beach and Park. This delightful top floor unit has cathedral ceilings and is bright and airy, with two bedrooms, two bathrooms (master bedroom ensuite), open plan living room and dining area, kitchen and covered balcony. The unit comes furnished, and has reverse cycle air conditioning. Located in Southampton. Roderick DeCouto Real Estate Ltd. Email: [email protected]. Ph. 292-4990

$3,500.00 (Listing No. 678) Charming two-storey Bermuda Cottage at Roxdene available now. This unique cottage location on the grounds of Roxdene is within easy walking distance of Hamilton and is part of a friendly residential

complex. The cottage comprises an open plan living/dining room with a working fireplace, plenty of windows giving it lots of natural light, wood floors, a spacious kitchen with gas stove, fridge/freezer, and a brand new stacked washer and dryer. Upstairs there are two spacious bedrooms and one full bathroom. The cottage has a concrete patio area off the living room for outdoor entertaining, and tenants of the cottage may use the industrial size laundry facilities of the Roxdene Condominiums for heavy-duty items. Roderick DeCouto Real Estate Ltd. Email: [email protected]. Ph. 292-4990

$3,800/month: In the highly sought after Pokiok estate is this delightful semidetached 2 bedroom, 2 bathroom apartment with living room and full kitchen with granite countertops, gas stove, microwave, dishwasher, new fridge and stackable washer and dryer. Two good sized bedrooms with wooden floors. Two bathrooms - 1 with shower only, the other with claw foot tub and shower. Living room leads to a shared covered porch with stellar south shore water views room for a table and chairs for entertaining. Spacious

grounds. private beach access, good sized tank, close to bus stop, grocery store, gas station and pharmacy. No pets. Includes gardeners but does not include gas or utilities. Please call William 777-9449 or [email protected]

$3,850/month – South-ampton - Newly renovated 2 bedroom, 2 bathroom stand-alone cottage in quiet residential Southampton estate. Open plan living, dining, kitchen with French doors that lead out to covered patio ideal for outdoor entertaining. Both bedrooms have baths en-suite. Available now. Listing #RSN063 - Contact Debbie Moura at Moura & Associates Real Estate Services, [email protected] or 236-0737

$4,000.00/month: Upper level condo with views of Flatt’s Inlet. 2 bedrooms, 2 bathrooms. Unfurnished. Living room with terrace. Modern kitchen and bathrooms. Available June. Elevator building. Garage parking for car. Very convenient location for bus routes, the Aquarium, Railway Trail, shops and restaurants in Flatts Village. Crisson & Co. Real Estate 295-0826

$4,500 per month: North Gate is a spacious, attractive and extremely well maintained executive two bedroom, two and a half bathroom house, with a front entrance foyer, living room with a fireplace, dining room that opens onto a large porch with views of Belmont golf course, a large kitchen with stainless steel appliances, pantry and a large family room with an eight foot bar: all tiled floors, split AC’s and ceiling fans. Attached there is a garage with loft storage and and office/playroom area. There is a large, flat fenced in backyard with an assortment of trees and flowers, ideal for children and pets are welcome. This home is very close to bus routes, beaches, the railway trail, schools (nursery) and grocery stores. Please call William 777-9449 or [email protected]

$4,500/month – Warwick - Newly renovated and spacious 2 bed, 2.5 bathroom townhouse with shared pool and option for walk on berth (at additional cost) located on Riddell’s Bay Road. Tiled and split ac throughout. Available now. Contact Debbie Moura at Moura & Associates Real Estate Services, [email protected] or 236-0737.

$4,800/month. Smith’s Parish. Bi Lines is conveniently located near Harrington Hundreds grocery store, school and

public transportation. This two bedroom stand alone home comprises: Downstairs dining room, kitchen with stainless appliances, living room with wood floor and fireplace and a bathroom with shower. Upstairs are two bedrooms with wooden floors, one bathroom, balcony. There is a large garden featuring several mature cedar trees, and views from Harrington Sound all the way to St. George’s. Available furnished, partially furnished or unfurnished from May 1. Pet friendly. Joy Lusher Real Estate Ltd. Contact: Donna Bennett: [email protected] or 535-9909 or Diana Martin: [email protected] or 337-0226 or Christie Plathe: [email protected] or 332-2296

$5,000/month – Paget - Designer-style cottage located in good family neighbourhood and minutes from Hamilton. This 2 bedroom, 2 bathroom upper main house consists of a gourmet kitchen, living/dining room with wood burning fireplace, laundry and office. The L-Shape covered porch is perfectly situated off of kitchen and living/dining areas which drastically increases living space as it is ideal for outdoor entertaining. Finished to a high standard with wood floors throughout, exposed beams, stainless appliances, stone tile in bathrooms etc. Available now. Listing #RPG064 - Contact Debbie Moura at Moura & Associates Real Estate Services, [email protected] or 236-0737.

3 BeDRooM$5,500.00 (Listing No. 729) The Bluffs is a four-condominium development on Admiral Lane in Southampton perched high on a hill, close to Church Bay beach, bus routes and restaurants. Upper level condominium is on one level and has stunning views of the Great Sound, looking all the way to Dockyard. The unit comprises three spacious bedrooms, two full bathrooms and one powder room. French doors to a spacious covered verandah for outdoor entertaining. There is a built in gas fireplace, surrounded by rustic cut rock accented by a cedar mantle piece. The kitchen is fitted with modern stainless steel appliances. A large granite island connects the kitchen area and the living room. The island provides a perfect area for family socializing. Adjacent to these areas is a separate dining room, and a separate den or office. Roderick DeCouto Real Estate Ltd. Email: [email protected]. Ph. 292-4990

$7,000/ month - This delightful home is located in Paget near to schools, the city and the hospital. Visalia Cottage has been tastefully updated and is secure and private with fenced terraced gardens. 3 bedrooms and 4 bathrooms make this a perfect family home. It comes with or without furniture and is available immediately. Contact Sharon Cranfield, Cranfields Property Bermuda Ltd. email: [email protected] or 305 8074

$8,000/month: Warwick. This beautiful one level condo is located next to Surfside Cottages and shares that complex pool and has direct access to the beach below. Comprising three bedrooms, two with bathrooms ensuite, a third bathroom, large open-plan modern kitchen with new appliances/dining room/living room with gas fireplace. Tiled floors throughout. There is a lovely wraparound porch, and the views of South Shore are incredible!! Available June, partially furnished or unfurnished. Joy Lusher Real Estate Ltd. Contact Diana Martin: [email protected] or 337-0226 or Donna Bennett: [email protected] or 535-9909 or Christie Plathe: [email protected] or 332-2296.

$18,000/ month - Wake to breakfast on Tilbury’s deep covered veranda overlooking the pool with a backdrop of the stunning South Shore! Here is an opportunity to live in a comfortable 3 Bedroom 3 ½ bathroom family home near Tuckers Town with private access to a beautiful beach. There is a cottage, garage and pool. It comes fully furnished and is available immediately. Contact Sharon Cranfield, Cranfields Property Bermuda Ltd. email: [email protected] or 305 8074

5 BeDRooM$18,000/month. Elegant large home in Tucker’s Town for rent: Two and a half acres of grounds with lovely swimming pool, five bedrooms and five and a half bathrooms, large living room with fireplace, formal dining room, study with fireplace, cozy den/TV room with fireplace, country kitchen and butler’s pantry large covered porch, tray ceilings throughout. This beautifully furnished well-proportioned home stands high overlooking the Mid Ocean Club golf course and South Shore is available as of September 1st with a live-in housekeeper. Please call Gill 534-7746 or [email protected]

BF&M GENERAL295-5566 [email protected] www.bfm.bm112 Pitts Bay Road, Pembroke HM 08, Bermuda

Update Your Home InsuranceBF&M’s Home Insurance can make sure you are protected – from building and contents to mortgage protection that provides benefits in case of disability or death. Are you renting? BF&M offers contents-only cover that includes everything from possessions to tenant liability.

Phone 295-5566 for details or go online at www.bfm.bm.

I N S U R A N C E M AT T E R S F O R Y O U R H O M E

Home Insurance


Alton Hill Lot Southampton 10 Acre ocean front land

170 feet of waterfront

Panoramic views

$ 4,500,000

Check www.bda4sale.com for photos and full details on all our Sales, Rentals and Vacation properties

Member of the Real Estate Division of the Bermuda Chamber of Commerce

Pearmans Hill Lot Warwick 0.13 Acre zoned Res 1

Pleasant established area

Fully approved plans

$ 295,000 Fantastic Value!

Elrie Cottage Sandys Quiet neighbourhood

Move in ready

2 Bed, 1 Bath Bermuda Cottage

$ 695,000

island property news june 2014

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