Mixed-use developments combine multiple types of spaces within one development, typically blending residential, commercial, and office areas.
Vertical mixed-use developments combine different uses of space stacked on top of each other in a multi-story building. Retail spaces might be on the ground floor, office spaces on the second and third floors, and residential units above.
Horizontal mixed-use developments are spread out over a larger area, typically in a low-rise configuration, often where a shopping mall is adjacent to residential houses, or an office park with restaurants and cafes nearby.
Live/Work developments are where people can live and work in the same building, often ideal for individuals with small businesses, artists, or entrepreneurs who prefer a short commute.
Retail-centric mixed-use developments are a mix of residential and office space, that can be shopping malls with residential units or offices located on upper floors, or mixed-use developments with a strong emphasis on entertainment and dining.
Commercial and residential integration aims to create effective work-life balance in a single location, allowing for a flexible living environment, and are often found in urban or suburban areas.
Mixed-use developments can take many forms, depending on the location, goals, and needs of the community, but they all share the common goal of creating dynamic spaces that foster interaction, reduce the reliance on cars, and enhance the quality of life for residents and visitors alike.
Why Buy or Invest in New New Real Estate Developments in Bermuda.
Bermuda is one of the wealthiest territories in the world, driven by its financial services, insurance, reinsurance, and tourism sectors. The economy is stable, making it an attractive market for investors seeking safety and consistency.
Bermuda has no capital gains tax, no wealth tax, and no inheritance tax, which makes it a tax-efficient place to invest compared to many other countries.
The Bermudian government has a strong commitment to maintaining a robust real estate market, offering incentives for investors, especially when purchasing off-plan property, to contribute to the development of residential and commercial property development.
Bermuda is known for its natural beauty—stunning beaches, mild climate, and cultural attractions. This makes it an attractive destination for both tourists and long-term residents.
Bermuda’s geographical constraints (it’s a small island) make land scarce, driving demand and competition for available real estate. This scarcity can lead to higher property values over time.
If you're considering high-end developments, such as gated communities and luxury resorts, Bermuda’s luxury real estate market offers properties in prime locations that attract wealthy individuals looking for exclusive properties.
There’s an increasing trend toward sustainable development in Bermuda, with an emphasis on green building practices and eco-friendly designs. Investing in eco-conscious developments may offer a competitive edge as demand for sustainable properties rises globally.
Bermuda’s attractive tax environment, stable economy, luxury appeal, and high demand for real estate from both locals and expatriates make it a favorable place for new real estate developments.
