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Bermuda House Sales Stagnate As Prices Fall, But Help May Be On The Horizon
22 February 2012

Property prices in Bermuda dropped dramatically in 2011,with many properties on the Island now taking as long as a year or longer to sell. Condos in the under $32,400 ARV (Annual Rental Value) were the hardest to sell, with double digit drops in both price and volume sold in 2011, however, the luxury home market saw increases in the number of sales and average price. That said, the under $153,000 ARV housing market suffered significantly in the economic downturn, representing less than half o...

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