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“Inventory may pick up in 2017. We are fortunate to be representing the sale of a number of new, beautiful homes that will be available to international purchasers,” says Sue Lusher, agent and owner at Joy Lusher Real Estate Ltd. “These include a delightful home with waterfront on Harbour Road in Warwick boasting charming typically Bermudian architecture, privacy and sheltered waterfront with a dock, at the very competitive price point of $5.25 million.” She adds that “one of the best buys currently on the market is stunning Burgess Point, located on a private peninsula in Riddell’s Bay, Warwick. Burgess Point affords a unique opportunity to purchase a private estate with substantial acreage, a spacious main house, two-bedroom guest cottage, pool and large pool house, plus a deep-water dock. The price has recently been reduced to $5.95 million, making this an exceptionally good buy. Our property market remains strong, and interest in investing in Bermuda real estate is high.” Meanwhile, the island continues to attract more visitors with more than half a million visitors in the last 12 months, and air arrivals are up by 14 percent on last year, even before the America’s Cup begins. Bermuda is looking at other major sporting events, including submitting a bid to host the 2020 International Triathlon Union World Grand Final, with two World Series races in 2018 and 2019. It is also looking at more ways to promote its off-season times, October to April, when the weather is perfect for sports such as golf and tennis, especially for those coming from the colder climates of North America and Canada. Bermuda has so much more to offer overseas purchasers and is definitely the place to buy your own “piece of the rock,” as the locals say. Not only are visitor numbers up, but so is the number of property sales, with 201 condos sold since 2014 and more than 135 homes changing hands during the same period. COLDWELL BANKER BERMUDA REALTY Atlantic House 11 Par-la-Ville Rd., Hamilton Tel: 292-1793 Website: bermudarealty.com Coldwell Banker Bermuda Realty is a trade name of Bermuda Realty Company Limited, serving Bermuda’s real estate needs for more than half of a century. Their range of services include residential sales and rentals, commercial leasing, commercial property sales, land surveying, property appraisals, property management, vacation property services, international referrals and auctioneering. Coldwell Banker Bermuda Realty is the largest real estate company in Bermuda. Due to their size, reputation and range of services, they are in contact with the largest number of potential real estate buyers and sellers in Bermuda and internationally. The Coldwell Banker system is a leader in speciality markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® marketing programme. �e;d;
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