Housing market rebound: Michael Schrum, president and chief financial officer, Butterfield Bank (Photograph supplied)A Butterfield Bank executive told analysts yesterday how Bermuda’s residential property market has undergone a powerful rebound since the global financial crisis. Speaking during the bank’s second-quarter earnings call, Mr Schrum, Butterfield said the island’s housing market was showing exceptional resilience despite broader economic uncertainty. “The Bermuda market is very vibrant right now with multiple offers, probably as strong a recovery as I have seen in my 25 years of banking here,” Mr Schrum said. Mr Schrum said the property market in the Cayman Islands, where Butterfield also operates, was “cooling off a little bit” while remaining a vibrant market in terms of the number of transactions. Bri Hidalgo, Butterfield’s chief risk officer, said the bank was carefully watching the UK and Channel Islands market.