Property Prices in Bermuda

Index
Price to Income Ratio:	6.41
Mortgage as Percentage of Income:	58.30%
Loan Affordability Index:	1.72
Price to Rent Ratio - City Centre:	13.91
Price to Rent Ratio - Outside of Centre:	10.88
Gross Rental Yield (City Centre):	7.19%
Gross Rental Yield (Outside of Centre):	9.19%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	3,390.00 $	2,800.00-4,500.00
Apartment (1 bedroom) Outside of Centre	2,207.42 $	1,600.00-4,000.00
Apartment (3 bedrooms) in City Centre	6,227.27 $	5,000.00-10,000.00
Apartment (3 bedrooms) Outside of Centre	4,730.20 $	3,500.00-6,500.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	964.51 $	929.02-999.99
Price per Square Feet to Buy Apartment Outside of Centre	528.70 $	500.00-557.41
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	6,270.96 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.71	5.50-7.50

These data are based on 98 entries in the past 18 months from 22 different contributors.
Last update: June 2022
Our data for each country are based on all entries from all cities in that country.

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