Real Estate in Hamilton, Bermuda
Last updated on Apr 12, 2023
Summary: The most desirable neighborhoods in Hamilton, Bermuda are Pembroke, Paget, and Warwick. The average cost to buy a nice 2 bedroom home in Hamilton is around $1.2 million USD, and a nice 3 bedroom home is around $1.5 million USD. These properties typically include modern amenities such as granite countertops, stainless steel appliances, and hardwood floors. Some properties may also include a pool, outdoor patio, and/or a private garden. Foreigners are allowed to purchase property in Hamilton, however, they must obtain a permit from the Bermuda Immigration and Protection Authority. When searching for a home to buy in Hamilton, it is best to consult with a local real estate agent who is familiar with the area and can provide advice on the best neighborhoods and properties. Additionally, it is important to research the local market and compare prices to ensure that you are getting the best deal.
How do I find a place to live in Hamilton?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Hamilton is to search online for rental listings. There are a variety of websites that offer listings for apartments, houses, and other types of rental properties in the area. Additionally, you can contact local real estate agents who specialize in the Hamilton area to help you find a place to live. You can also look for rental postings in local newspapers and on bulletin boards in the area. Finally, you can ask friends and family who live in the area for recommendations," explained one expat living in Hamilton, Bermuda.
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What is a typical expat home or apartment like in Hamilton?
"Expat homes and apartments in Hamilton are typically modern and spacious, with large windows that let in plenty of natural light. Many of the homes and apartments have balconies or terraces with stunning views of the harbor and the surrounding islands. The interiors are often decorated with bright colors and modern furnishings, and many of the homes and apartments come with amenities such as swimming pools, gyms, and private gardens. Expats in Hamilton can also enjoy the convenience of living close to the city center, with easy access to shops, restaurants, and other attractions," said one person in Hamilton.
What is the average cost of housing in Hamilton?
If you are thinking about moving to Hamilton, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Hamilton is generally quite high. Renting an apartment or house in the city can range from moderately expensive to very expensive, depending on the size and location. Prices for a one-bedroom apartment in the city center can range from $2,000 to $3,500 per month, while a three-bedroom house in the suburbs can cost anywhere from $3,500 to $5,000 per month," explained one expat living in Hamilton, Bermuda.
Should I buy or rent a home in Hamilton?
If you have not spent a lot of time in Hamilton, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Whether you should buy or rent a home in Hamilton depends on your individual needs and preferences. If you plan to stay in the area for a long period of time, buying a home may be a better option as it can provide you with a sense of stability and security. On the other hand, if you are only planning to stay in the area for a short period of time, renting a home may be a more cost-effective option. Additionally, renting a home can provide you with more flexibility and freedom to move around if your plans change. Ultimately, the decision to buy or rent a home in Hamilton, Bermuda should be based on your individual needs and preferences," explained one person living in Hamilton, Bermuda.
What do I need to know when buying property in Hamilton?
When we asked expats what advice they would give a foreigner before buying a property in Hamilton, they said:
"When buying property in Hamilton, it is important to research the local market and understand the current trends. It is also important to understand the local laws and regulations regarding property ownership, as well as any taxes or fees associated with the purchase. It is also important to consider the location of the property, as well as any potential risks associated with the area. Additionally, it is important to work with a qualified real estate agent who is familiar with the local market and can provide advice and guidance throughout the process," explained one foreigner living in Hamilton, Bermuda.
Are foreigners allowed to own property in Hamilton?
When we asked expats what advice they would give a foreigner before buying a property in Hamilton, they said...
"Foreigners are allowed to own property in Hamilton, but there are certain restrictions and requirements they must meet. The Bermuda Government regulates the purchase of real estate by non-Bermudians, and they are typically limited to buying properties within specific price ranges and designated areas. Additionally, foreigners are required to obtain a license from the Bermuda Government before purchasing a property, which involves paying a substantial fee. The process can be lengthy and expensive, but it is possible for foreigners to own property in Hamilton, Bermuda, if they meet the necessary criteria and follow the proper procedures," explained one person living in Hamilton, Bermuda.
What appliances are typically included in a rental?
We asked foreigners in Hamilton what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Hamilton typically include a refrigerator, stove, oven, dishwasher, washer, and dryer. Additionally, some properties may include a microwave, toaster, and other small kitchen appliances," explained one expat in Hamilton.
Additional Information about Searching for a Home in Hamilton:
We asked foreigners in Hamilton what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats searching for homes in Hamilton typically begin by browsing online property listings on local real estate websites and popular international property portals. They may also reach out to local real estate agents who have expertise in the area and can provide personalized assistance in finding a suitable home. Additionally, expats may join social media groups and online forums dedicated to expats living in Bermuda, where they can ask for recommendations and advice from fellow expats who have gone through the home search process. Some expats may also visit Hamilton in person to explore neighborhoods and attend open houses or schedule property viewings with real estate agents. Word of mouth and networking with friends, colleagues, or acquaintances who have connections in Bermuda can also be helpful in finding a suitable home," said one person in Hamilton.
About the Author
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.
Additional Information:
- Expat Guide to Hamilton
- Healthcare & Health Insurance in Hamilton
- Tips for Expats Driving in Hamilton
- Cost of Living in Hamilton
- Health Care in Hamilton
- Discover the Best of Hamilton
- Healthcare & Health Insurance in Bermuda
- Best Places to Live in Bermuda
- Pros & Cons of Living in Bermuda
- Is Health Insurance Required When Moving to Bermuda?
- Pros and Cons of Living in Bermuda 2024
- 2024 Guide to Moving to Bermuda