Cayman Islands' housing market is gaining momentum
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After several challenging years, Cayman Islands´ property market is now gaining momentum, amidst increased consumer and investor confidence. House prices are rising strongly. Property transactions are picking up. Residential property construction is improving considerably.
During the first ten months of 2015, the average value of freehold property transfers rose by 11% to KYD329,702 (US$402,076) over the same period last year, based on figures from the Lands & Survey Department. This was in sharp contrast to the 9.5% y-o-y decline in the average value of property transfers in 2014.
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