Property Prices in Bermuda

Index Info
Price to Income Ratio: 6.85
Mortgage as Percentage of Income: 64.12%
Loan Affordability Index: 1.56
Price to Rent Ratio - City Centre: 13.15
Price to Rent Ratio - Outside of Centre: 9.28
Gross Rental Yield (City Centre): 7.60%
Gross Rental Yield (Outside of Centre): 10.78%
Rent Per Month
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Apartment (1 bedroom) in City Centre 3,519.23 $ 2,700.00-4,500.00
Apartment (1 bedroom) Outside of Centre 2,346.15 $ 1,600.00-4,000.00
Apartment (3 bedrooms) in City Centre 8,363.64 $ 6,000.00-15,000.00
Apartment (3 bedrooms) Outside of Centre 7,083.33 $ 4,500.00-12,000.00
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) 6,478.93 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.08 5.00-10.00

These data are based on 101 entries in the past 18 months from 20 different contributors.
Last update: March 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References
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