CAYMAN’S RESIDENTIAL PROPERTY MARKET SHOWS STEADY RESILIENCE

By Staff Writer

A new report by the Lands and Survey Department (LSD), a division of the Ministry of Planning, Lands, Agriculture, Housing & Infrastructure (MPLAHI), has confirmed the resilience of Cayman’s real estate sector.

According to the just-released 2025 Residential Property Price Index (RPPI) - published alongside annual residential transaction statistics - the real estate market is “broadly stable”.

The report says this is characterised by steady pricing. There is also a “significant increase in total consideration,” which is the total price paid for property exchanges.

Director of Lands and Survey, Uche Obi, stated: “The 2025 RPPI and transaction data show a resilient market. We are seeing a marginal decline in the overall index. However, overall stability and the 10% increase in total consideration highlight continued confidence in Cayman’s real estate sector.”

In 2025, the Total Cayman Islands index was 282.8, compared to 286.7 in 2024—a marginal decline of −1.4%. “This suggests a broadly stable market with slight cooling after previous periods of growth.”

West Bay emerged as the fastest-growing district, with a 12.1% increase from 263.8 to 295.6. In contrast, Seven Mile Beach experienced the largest decline, falling −11% from 311.9 to 277.7.

George Town mirrored the national trend, rising 1.4% from 245.2 to 248.6, while Other Cayman Islands real estate sectors saw a modest increase of 0.9%, moving from 218.2 to 220.2.

Beyond price indexing, the Department reported a total of 2,188 residential transactions for the year. Despite a slight decrease in the number of transactions, the Total Consideration (the total price paid for property exchanged) rose by 10% to reach CI$1.36 billion, up from CI$1.24 billion in 2024.

Furthermore, the Average Consideration per transaction saw a robust 14% increase, rising from CI$544,000 to CI$620,000.

The new report by the Lands and Survey Department (LSD) reflects the broad confidence in Cayman’s real estate market, as outlined in a 2025 review published earlier this year by prominent sector firm IRG and reported by the Caymanian Times.

That comprehensive review which looked at 2025 and examined opportunities for 2026, concluded that the Cayman Islands real estate market experienced higher-value transactions, policy changes, and a shift toward a more normalised pace.

For 2026, it says the outlook remains “measured but confident”

According to IRG’s CEO and founder, Jeremy Hurst: “While inventory levels, financing conditions, and global dynamics will continue to influence activity, Cayman’s core fundamentals, including economic stability, international connectivity, and lifestyle appeal, remain firmly intact.”

The firm says in 2025, the Cayman Islands real estate market reinforced its position as one of the Caribbean’s, and increasingly the world’s, most resilient and regionally recognised real estate destinations.

“Cayman’s long-term fundamentals, lifestyle appeal, and limited prime inventory continued to provide powerful support across key segments,” it says, pointing to three key themes: resilient demand, market normalisation and opportunities ahead.