Property Prices in Bermuda

Index Info
Price to Income Ratio: 7.11
Mortgage as Percentage of Income: 66.03%
Loan Affordability Index: 1.51
Price to Rent Ratio - City Centre: 14.26
Price to Rent Ratio - Outside of Centre: 10.41
Gross Rental Yield (City Centre): 7.01%
Gross Rental Yield (Outside of Centre): 9.60%
Rent Per Month
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Apartment (1 bedroom) in City Centre 3,415.62 $ 2,200.00-4,500.00
Apartment (1 bedroom) Outside of Centre 2,375.00 $ 1,500.00-4,000.00
Apartment (3 bedrooms) in City Centre 7,346.54 $ 5,000.00-10,000.00
Apartment (3 bedrooms) Outside of Centre 5,685.29 $ 4,250.00-10,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,073.52 $ 829.99-1,393.53
Price per Square Feet to Buy Apartment Outside of Centre 575.70 $ 557.41-600.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 6,245.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.98 6.50-8.00

These data are based on 124 entries in the past 18 months from 25 different contributors.
Last update: May 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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