Shipwrecked colonists originally settled Bermuda in 1609. Since
that time, the development of this beautiful island has been no
accident. From the Victorian era until recently, Bermuda's economy
was led by tourism. However, in the 1990's a new economic era began
with international business, financial and technological
services.
Successful economic growth over the years, coupled with past
exchange controls and limited investment opportunities, has
resulted in Bermudians building wealth through residential and
commercial real estate holdings. Today's real estate market
continues to offer opportunities to many, although under supply and
over demand have driven prices up in recent years. Many factors,
including the number of comparable properties on the market,
location, and the state of the economy affect the price you can
expect to pay for either rental or sale of a property in Bermuda.
Property sales to international purchasers are regulated by the
Bermuda Government in an effort to protect the balance of foreign
ownership with the land ownership of Bermudians for future
generations.
