Property Prices in Hamilton, Bermuda

Index Info
Price to Income Ratio: 7.17
Mortgage as Percentage of Income: 67.92%
Loan Affordability Index: 1.47
Price to Rent Ratio - City Centre: 14.66
Price to Rent Ratio - Outside of Centre: 11.14
Gross Rental Yield (City Centre): 6.82%
Gross Rental Yield (Outside of Centre): 8.98%
Rent Per Month
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Apartment (1 bedroom) in City Centre 3,337.50 $ 2,700.00-4,000.00
Apartment (1 bedroom) Outside of Centre 2,133.33 $ 1,500.00-3,000.00
Apartment (3 bedrooms) in City Centre 7,875.00 $ 5,000.00-10,000.00
Apartment (3 bedrooms) Outside of Centre 5,266.67 $ 4,500.00-7,000.00
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 562.16 $ 529.08-600.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 6,347.62 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.22 5.00-10.00

These data are based on 74 entries in the past 18 months from 14 different contributors.
Last update: April 2024

Sources and References
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