Condos, Homes, Commercial Real Estate Trends

Condominiums comprised 26% of closed sales during 2017, significant challenge continues to be felt in the commercial real estate market, and a prediction that 2018 will mirror last year in terms of performance within the various real estate market segments.

This is from Coldwell Banker Bermuda Realty’s January 2018 sales market update, which said, “Our residential agents report that activity within their listing portfolios during the latter part of 2017 was relatively buoyant.

“Our market intelligence indicates that condominiums comprised 26% of closed sales during 2017 and the percentage of cash buyers remained high at approximately 40%. This is interesting to note, as this number was well under 10% prior to 2008.

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