What do I need to know when buying property in Bermuda?

"When buying property in Bermuda, it is important to understand the local laws and regulations. It is also important to research the local market and be aware of any potential risks associated with the property. It is also important to be aware of the taxes and fees associated with purchasing property in Bermuda, as well as any restrictions on foreign ownership. Additionally, it is important to have a clear understanding of the process of purchasing property in Bermuda, including the steps involved and the timeline for completion. Finally, it is important to work with a qualified real estate professional who is familiar with the local market and can provide guidance throughout the process," explained one expat living in Bermuda.