Property Prices in Bermuda

Index Info
Price to Income Ratio: 7.19
Mortgage as Percentage of Income: 67.15%
Loan Affordability Index: 1.49
Price to Rent Ratio - City Centre: 15.49
Price to Rent Ratio - Outside of Centre: 10.42
Gross Rental Yield (City Centre): 6.45%
Gross Rental Yield (Outside of Centre): 9.60%
Rent Per Month
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Apartment (1 bedroom) in City Centre 3,343.33 $ 1,900.00-4,200.00
Apartment (1 bedroom) Outside of Centre 2,305.24 $ 1,500.00-4,000.00
Apartment (3 bedrooms) in City Centre 7,038.85 $ 5,000.00-10,000.00
Apartment (3 bedrooms) Outside of Centre 5,385.47 $ 4,000.00-8,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,130.18 $ 997.03-1,393.53
Price per Square Feet to Buy Apartment Outside of Centre 552.06 $ 529.08-569.68
Salaries And Financing
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Average Monthly Net Salary (After Tax) 6,299.70 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.06 6.50-8.00

These data are based on 123 entries in the past 18 months from 25 different contributors.
Last update: February 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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