Rental yields in Bermuda
Gross yield is a year of the median local rent over the median local asking price. It is a rough guide to how the two markets sit relative to each other, and today the widest gap is in Pembroke at 12%. It is not a return: it takes no account of costs, voids, tax or what the place actually sells for.
By size
| Bedrooms | Median asking price | Median rent | Gross yield |
|---|---|---|---|
| 1 bed | $950,000 | $6,000 pcm | 7.6% |
| 2 bed | $950,000 | $8,000 pcm | 10.1% |
| 3 bed | $1,800,000 | $8,000 pcm | 5.3% |
| 4 bed | $2,850,000 | $15,500 pcm | 6.5% |
By area
| Area | Median asking | Median rent | Gross yield |
|---|---|---|---|
| Pembroke | $800,000 | $8,000 pcm | 12% |
| Devonshire | $1,000,000 | $9,750 pcm | 11.7% |
| Paget | $975,000 | $9,000 pcm | 11.1% |
| Smith's | $1,995,000 | $18,000 pcm | 10.8% |
| Southampton | $1,295,000 | $9,000 pcm | 8.3% |
| Warwick | $1,495,000 | $6,500 pcm | 5.2% |
| City of Hamilton | $2,400,000 | $9,000 pcm | 4.5% |
| Hamilton Parish | $2,400,000 | $7,000 pcm | 3.5% |
While you are here
Development
Where is Bermuda actually being built?
City of Hamilton accounts for 13% of every new dwelling proposed on the island — 142 of 1,136.
What would make this wrong: Proposed, not built. One large scheme can carry a whole parish, and a refusal or an abandonment leaves the number standing.
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The market
How concentrated is Bermuda's market?
Three agents hold 64% of everything advertised — 114, 74, 58 listings out of 385. 23 agents share the rest.
What would make this wrong: It counts adverts, not sales. An agency that lists everything it is asked to and one that sells everything it lists look identical here.
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The market
Do agents agree on what a house is worth?
1 property is marketed by more than one agent here. Both figures are published as given.
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Everything the data says about Bermuda
More ways into Bermuda
Yields outside 1–12% are suppressed everywhere on this site: they are almost always a holiday let priced by the night being read as a monthly rent.