Non-Bermudians Acquisition of Property.

Purchasing of property by a Non-Bermudians is valued above a set minimum Annual Rental Value (ARV). The ARV for houses is $126,000 and  condominiums is $25,800.The ARV is not the Market Value of the property, but to determine land tax.

ARVs of any homes can  be viewed on the Department of Land Valuation.

Houses with a qualifying ARV start at approximately $2,350,000 and condominiums at approximately $320,000.

There are certain guidelines that Non-Bermudians have to follow when purchasing property. These guidelines means that only the highest valued properties are available to Non-Bermudian purchasers. The guidelines are as follows:

  • They are permitted to own up to 2 properties.
  • Non-Bermudians are not permitted to purchase vacant land unless it is in specific Tourist Developments.
  • Non-Bermudians if on a work permit are required to acquire a Residency Certificate to purchase a condominium, which they are eligible for. The Residency certificate only applies to the purchase of Condominiums not houses.

Non-Bermudians may be granted permission to rent their property upon application to   the Department of Immigration which is subject to a tax of 7.25%.They are not able to rent the property out for short-term or vacation rentals unless it is located in a specific Hotel Tourist Development

Under certain situations a Non-Bermudian is permitted to purchase a house with more than one assessment number upon application. The ARV of one of the assessment numbers alone  however must be above the $126,000 minimum.


Get in touch with us today

Please note that JBM Realty & Associates will use the above details to contact you only. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.

We have been renting an apartment on Cove Valley Road through JBM Realty for the past 4 years. The service provided by Judy Maybury was phenomenal. She was always readily available to respond to our emails and addressed any issues promptly and efficiently. She always seemed to have our best interest at heart and made every effort she could to see that our tenancy was as comfortable as possible. We would highly  recommend her services to anyone seeking property in Bermuda. JBM Realty is first class
Terry & Karen Henry, St Davids
“I have no hesitation in recommending JBM Realty and & Judy Maybury. Her hard work and experience in real estate were invaluable to a successful outcome.”
V.B, Bermuda
“Mrs. Maybury has a very good work ethic. Her manner of dealing with people is most admirable. She is honest yet tactful. She also expects quality service, a feature that is so important for the work with which she is involved. She is also very personable, pleasant, polite, and considerate. I am truly grateful that she agreed to work with me and assisted in getting my property not only on the market but in a very short time, she was able to secure tenants for the property. Judy Maybury does excellent work indeed. In my view, she is a most valuable asset to JBM Realty & Associates.”
V.M, Bermuda
“I am writing to express my utmost gratitude for your services over the past 2 ½ years which I searched for the right home to buy. I can assure you that I will always recommend you as an agent to anyone I know that is looking to buy, sell or rent.
Thank you for all you have done and all that you continue to do. JBM really has a super-agent!
B.N, Bermuda

Latest News

8th September

What is the best thing you can do during showings of your house?Make yourself scarce. Ever shopped in a store...

7th September

Scents and aromas can have a dramatic impact on people’s emotions.  Don’t ignore the power of fragrance when...

23rd August

Want to learn how to do some outdoor or indoor grilling?  Here are some helpful tips to follow: A hot gri...

Sign Up For Property Alerts