Property for sale in Bermuda

Although there is a parish of the same name, the city of Hamilton is in the parish of Pembroke. The City is named after Sir Henry Hamilton, governor from 1778 to 1794. The parish of Hamilton predates it.

Is a British overseas territory in the North Atlantic Ocean.  Located off the east coast of the United States. The nearest landmass is Cape Hatteras, North Carolina, about 1030 kilometres (640 mi) west-northwest. It is the oldest and most populous remaining British overseas territory, settled by England a century before the Acts of Union created the United Kingdom of Great Britain.

In terms of business and communications infrastructure, Bermuda offers Western European standards. The business environment is particularly well-attuned to the finance sector as a result of the island's long-term policy of promoting itself as an international finance centre, accompanied by a well-developed regulatory structure; as the economy depends heavily on the offshore financial sector, the government tries hard to avoid use of the island for money laundering. For this reason foreign banks have been excluded, and the domestic banks have themselves become international financial institutions with branches in many other countries.

Bermuda’s cost of living rates as one of the highest in the world, with the price of food equaling 2-3 times more overall than in USA/Canada. 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 for sale in Bermuda. Property sales to international purchasers are regulated by the Bermuda Government in an effort to protect the balance of foreign ownership on Island .

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