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Real Estate in Pembroke, Bermuda | Expat Exchange
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Real Estate in Pembroke, Bermuda

By Joshua Wood, LPC

Last updated on Jun 13, 2024

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

William Russell
William Russell
William Russell
William Russell

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

"A typical expat home or apartment in Pembroke is often a charming blend of traditional Bermudian architecture and modern amenities. These homes usually feature bright, pastel-colored exteriors with white, stepped roofs designed to collect rainwater. Inside, one can expect spacious, open-plan living areas with large windows that let in plenty of natural light and offer stunning views of the surrounding landscapes. The homes often have two or three bedrooms, with the master suite usually featuring an en-suite bathroom. The kitchens are typically modern and well-equipped, often with high-end appliances and ample counter space. Many homes also have a separate dining area, perfect for hosting dinner parties or family gatherings. Outdoor living is a big part of life in Bermuda, so many expat homes come with a private patio or garden, and sometimes even a pool. These outdoor spaces are often beautifully landscaped, providing a tranquil spot to relax and enjoy the island's pleasant climate. Despite their traditional appearance, these homes are usually equipped with modern conveniences such as air conditioning, high-speed internet, and cable TV. Some may also have a garage or off-street parking, which can be a significant advantage in Pembroke where parking can be limited. In terms of location, many expat homes in Pembroke are conveniently situated close to the capital city of Hamilton, providing easy access to shops, restaurants, and other amenities. Some homes may also be located near the coast, offering breathtaking ocean views. Overall, a typical expat home in Pembroke, Bermuda offers a comfortable and luxurious living experience, combining the charm of Bermudian architecture with the conveniences of modern living," explained one expat living in Pembroke, Bermuda.

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What is the average cost of housing in Pembroke?

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

"The average cost of housing in Pembroke can vary greatly depending on the size and location of the property. However, it is generally quite high due to the island's limited land space and high demand. For a modest home in Pembroke, one can expect to pay well over a million dollars. Luxury homes and waterfront properties can cost several million dollars. Apartments and condos are typically less expensive, but still may cost several hundred thousand dollars. It's also worth noting that the cost of living in Bermuda is one of the highest in the world, which is reflected in the housing prices," said one expat who made the move to Pembroke.

Should I buy or rent a home in Pembroke?

If you have not spent a lot of time in Pembroke, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Pembroke depends on several factors. If you plan to stay in Pembroke for a long time, buying a home could be a good investment. Owning a home allows you to build equity and could provide tax benefits. It also gives you a sense of stability and the freedom to customize your space. On the other hand, renting might be a better option if you're not planning to stay long-term or if you prefer not to deal with the responsibilities of homeownership. Renting can offer more flexibility, as it's easier to move if your circumstances change. It also means you won't have to worry about maintenance costs or property taxes. It's also important to consider the real estate market in Pembroke. If homes are expensive and not likely to increase in value, renting might be more economical. But if property values are rising, buying could be a smart investment. Lastly, your financial situation is a crucial factor. Buying a home requires a significant upfront cost and ongoing expenses like mortgage payments, insurance, and maintenance. Renting can be more affordable in the short term, but you won't build equity. In conclusion, the decision to buy or rent a home in Pembroke, Bermuda depends on your long-term plans, the real estate market, and your financial situation. It's a decision that requires careful consideration and, ideally, advice from real estate and financial professionals," said one expat in Pembroke.

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.

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