Property Prices in Bermuda

Index Info
Price to Income Ratio: 6.40
Mortgage as Percentage of Income: 57.23%
Loan Affordability Index: 1.75
Price to Rent Ratio - City Centre: 12.23
Price to Rent Ratio - Outside of Centre: 10.84
Gross Rental Yield (City Centre): 8.18%
Gross Rental Yield (Outside of Centre): 9.22%
Rent Per Month
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Apartment (1 bedroom) in City Centre 3,337.50 $ 2,800.00-4,200.00
Apartment (1 bedroom) Outside of Centre 2,168.38 $ 1,600.00-3,000.00
Apartment (3 bedrooms) in City Centre 5,875.42 $ 5,000.00-10,000.00
Apartment (3 bedrooms) Outside of Centre 4,850.18 $ 3,500.00-8,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 819.21 $ 528.61-999.99
Price per Square Feet to Buy Apartment Outside of Centre 528.70 $ 500.00-557.41
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,670.94 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.50 5.50-6.50

These data are based on 113 entries in the past 18 months from 25 different contributors.
Last update: January 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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