Knight Frank Property for Sale in Bermuda
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Located in the North Atlantic Ocean, east of South Carolina, Bermuda consists of approximately 138 islands, and is famous for its pink sandy beaches and cerulean blue oceans. Bermuda is the oldest remaining British overseas territory and the historic town of St. George is a designated World Heritage Site. Following 160 years of immigration from the Portuguese islands, 10% of Bermuda’s population is of Portuguese decent, so the islands have two official languages, Portuguese and English.
Climate
With an average temperature of 20 degrees Celsius in the winter, and 30 degrees in the summer, Bermuda usually offers mild weather all year round.
History of the area
Bermuda watercolours and hand-carved cedar sculptures are unique to Bermuda culture. Bermuda also hosts an annual International Film Festival
Properties on the islands range from development flats to waterfront villas, to family homes
Types of property available
Bermuda’s two tiered property market restricts the number of properties that are available to non-Bermudian purchasers. The local side of the market has been active recently but the upper end of the non-Bermudian market has been quieter than usual. As at mid 2007 there are only 10 properties available for sale to non-Bermudians, ranging in price from US$4,800,000 to $29,000,000.
The average price of a Bermuda home is $1,600,000. Condominiums are available from $500 per square foot, while luxury apartments can exceed $1000 per square foot.
Access
Direct flights are available to Nassau airport from London Heathrow, and the islands have two further international aiports at Grand Bahama Island and The Exumas.
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