Expat Exchange
Free MembershipSign In
Horseshoe Bay in Bermuda

Real Estate in Bermuda

By Joshua Wood, LPC

Last updated on Nov 27, 2021

Summary: Expats and retirees talk about real estate in Bermuda? How do you find a home in Bermuda? Should you buy or rent? What is the cost of housing?

AGS Worldwide Movers
AGS Worldwide Movers
AGS Worldwide Movers
AGS Worldwide Movers

How do I find a place to live in Bermuda?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"By word of mouth - Good reasonably prices apartments for rental do exist, but they never make it as far as the newspaper adverts. Tell everyone you know that you are looking for a place to rent. Keep your ear to the ground to find out who is due to move off the island - and ask if their apartment might be coming up for rent. Don't be too concerned about the neighborhood - there aren't any really bad places... even those areas with "a reputation" are far safer than anywhere in a European City," said another expat in Bermuda.

"I took a tour with a couple of real estate rental agents. They are frank and give you a good idea of the neighborhood and its constraints/positives," remarked another member in Bermuda.

Answer this Question

What is a typical expat home or apartment like in Bermuda?

"One bedroom apartment, attached to landlord's house. This is a typical set-up in Bermuda. In the past it was difficult to obtain a mortgage in Bermuda, they were not available for more than a 5 or 10 year period. So, to fund the building of a house, people built self contained apartments on to the side, to generate rental income," explained one person living in Bermuda, Bermuda.

"I rent a townhouse in a condo complex as do most expats. Prices in Bermuda (where there are limits on what type of housing expats may purchase and which also impose a hugely prohibitive tax on expat's house purchases!) are steep. For a 900 sq. foot, 2 bedroom apartment, I consider it a great deal at $3,000 a month. Electricity also runs at about $350 a month during summer, when you absolutely must run your air conditioning. Phone, cable and internet are also higher than you are probably used to. There are also a fair number of house-shares done by expats," said another expat in Bermuda.

Answer this Question

What is the average cost of housing in Bermuda?

If you are thinking about moving to Bermuda, cost of living in probably a key consideration. Expats commented about the cost of housing:

"Rent is expensive in Bermuda. But as the lifestyle is so much more focused on being outdoors I chose to rent a tiny one bedroom place - I only really use it to sleep anyway," said another person in Bermuda.

"Much, much higher than in Canada and, according to my American friends, also higher than most US places. However, we pay no income tax -- although there is a 5% payroll tax levied -- nor do we have sales tax. To purchase, the 'average' two-bedroom cottage sells for $950,000 and two-bedroom condo goes for $725,000. That's US $ and these are available only for purchase by Bermudians," remarked another foreigner who made the move to Bermuda.

Answer this Question

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

Horseshoe Bay in Bermuda

William Russell Health InsuranceExpat Health Insurance

Get a quote for international health insurance from our partner, William Russell.
GET A QUOTE

William Russell Health InsuranceExpat Health Insurance

Get a quote for international health insurance from our partner, William Russell.
GET A QUOTE

Contribute to Bermuda Network Contribute
Help others in Bermuda by answering questions about the challenges and adventures of living in Bermuda.

AGS Worldwide Movers
AGS Worldwide Movers

Guides to Cities in Bermuda
Hamilton
Country Resources
Health Insurance Moving & Shipping More Resources

Copyright 1997-2022 Burlingame Interactive, Inc.

Privacy Policy Legal