|Last Updated: Jan. 28, 2014|
|BERMUDA - Condos||COST (€)||YIELD (p.a.)||PRICE/SQ.M. (€)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|BERMUDA - Houses|
The high-end areas are: Tuckers Town area, Point Shares, Fairylands, Harbour Road, and Paget South.
Property listings collected are not limited to these areas.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
Note: There are very strict laws applying to Non-Bermudians buying property in Bermuda. Please read the " Buying Guide " section for more details.
Renting in Bermuda is cheaper this year, based on the Global Property Guide survey of properties for sale and properties for rent. Which means that rental yields have slightly dropped.
The average rental yield of condominiums is around 5.46%, slightly lower than last year´s 6.25%. The same downward trend is observable for houses in Bermuda, where average rental yields dropped to 4.37%, from 4.87% last year.
Prices of smaller investment properties in Bermuda have gone up a bit. One bedroom condos sell for an average of US$616,000, slightly higher than last year´s US$594,000. Similarly, two-bedroom houses now cost an average of US$1,085,235, up from last year´s US$1,042,813.
Surprisingly, two-bedroom condos have the highest rental return at around 6.41%, while one-bedroom condos earn the lowest rental return at 3.91%.
A three-bedroom condominium still costs around US$1 million, a similar price to last year.
The data we collected for Bermuda were not limited to high-end areas, data was also gathered for surrounding areas within Hamilton.