By Alex Wright

Bermuda’s housing market has remained steady over the past six months - that is the view of Coldwell Banker Bermuda Realty’s Susan Thompson.

She said, despite Government’s introduction of laws restricting the purchase of properties by Bermudians with non-Bermudian spouses, the market was still buoyant.

And she is now planning to publish her next report on market trends at the end of the year.

“I don’t really think it has changed substantially over the last six months,” she said.

“It is pretty much the same as it was back in round about June time and we are finding is is still busy.”

Mrs. Thompson said there was a lull in the market while everyone waited for Government to enact changes to its Immigration Protection Act concerning Bermudians with non-Bermudian spouses.

“The Government came out with the guideline notes as of last week and we’ll see what happens,” she said.

“But, in general, it is pretty steady - there is a lot of interest out there and people are still buying.”

She said a two-bedroom condominium now costs around $800,000 to $875,000, while a two to three-bedroom cottage with four acres of land is in the region of $1.4 million to $1.6m.

“The market has pretty much stayed the same and I will probably not do another report until the end of the year,” she said.

“It is business as usual - people are still in the market for houses and are looking at multiple properties, which is promising as well.”