1. Healthy Real Estate Market: Despite the global downturn of recent years, Bermuda’s real estate market has weathered the real estate crisis very favourably, particularly in comparison with the United States. Condominium values even increased by an impressive 9 percent in 2009, with home values dropping only slightly. 2. Location: With non-stop flights from London (eight hours), Boston and New York (two hours, 15 minutes), Toronto (two hours, 40 minutes) and Miami (three hours), the logistics of reaching your piece of paradise couldn’t be easier. 3. Family Friendly: Unlike in parts of the Caribbean, the safety factor does not come into consideration for families purchasing in Bermuda. Easy public transportation, myriad outdoor sports opportunities and abundant kid-friendly restaurants add to the appeal of the island for family living. 4. Tax and Fee Friendly: The Bermuda government does not apply capital gains taxes or transfer fees to property sales in Bermuda. A one-time licensing fee to own the land is the only fee applied to a real estate purchase, with investors in fractional properties paying the lowest licensing rates. U.K. citizens domiciling here are also exempt from U.K. tax laws. 5. Opportunity: Particularly in the upper-end of the market, 2009 and early 2010 have seen decreased turnover, which equates to increased opportunity for home buyers looking for a window into the market at prices that are more attractive than in years past.
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