Are foreigners allowed to own property in Bermuda?

"Yes, foreigners are allowed to own property in Bermuda. Non-Bermudians may purchase property in Bermuda with the approval of the Bermuda Government. The process involves submitting an application to the Minister of Home Affairs, who will review the application and make a decision based on the applicant's financial and personal circumstances. The application must include a detailed description of the property, the purchase price, and the applicant's financial information. Once approved, the applicant will be granted a permit to purchase the property," explained one expat living in Bermuda.