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Houses in Bermuda (1 C, 1 P) This page was last edited on 13 December 2022, at 13:21 (UTC). Text is available under the Creative Commons Attribution-ShareAlike ...
A map of St. George's Parish, Bermuda, with Tucker's Town in the south.. Tucker's Town is a small community in St. George's Parish, Bermuda at the mouth of Castle Harbour.It is the only part of the parish on the Main Island, and includes the Tucker's Town Peninsula that today is the site of many homes belonging to wealthy non-Bermudians.
The fee for the licence is a substantial percentage of the market value of the real estate. With some limited exceptions, only real estate in the hands of non-Bermudians is available for sale to non-Bermudians. It is common for Bermuda real estate to be owned by trusts.
As recently as 2005, the government of Bermuda has imported pre-fabricated buildings in a somewhat controversial attempt to address the country's housing crisis. [41] The need for these alternatives is quite clear: by 2004, the cost of traditional construction was over $175 per square foot, combined with land prices of $1 million per acre. [42]
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Bermuda is considered an offshore financial centre. According to the Foot report, Bermuda is the second largest captive insurance domicile, and is the third largest reinsurance centre in the world. [23] It is the domicile of 6% of offshore funds (at 2010) [24] and has a presence in aircraft registration and maintains an open ship registry.
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