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.