Cayman Islands' housing market is making a comeback!
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After several challenging years, Cayman Islands´ property market is now improving considerably. Growth is centred along Seven Mile Beach for condominiums, and Cayman Kai, on the island’s north, for single-family homes. This growth reflects increased consumer and investor confidence in the island.
In 2013, the average value of property transfers rose by 13.5% y-o-y to KYD365,800 (US$446,098), based on a property review conducted by Charterland Ltd. This is in sharp contrast to the 14.5% annual drop in the value of property transfers in 2012.
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