Cayman Islands Real Estate Market Analytics

Comprehensive overview of real estate market trends and investment metrics in Cayman Islands.

Comprehensive Data Available

9 of 9 categories

Data Coverage79%

Key Highlights

Rental Yield

3.9%

Average annual rental return

Price to Income

11x

Property price vs. annual income

GDP per Capita

$44,388

Economic output per person

Inflation Rate

2.0%

Annual inflation

Population

Total population

Unemployment

6.6%

Unemployment rate

Market Trends

Rental Yield

Average annual rental return on investment

Price to Income Ratio

Ratio of median property price to median annual household income

Apartment Price (City Centre)

Price per square meter in city centre (USD)

Apartment Price (Outside Centre)

Price per square meter outside city centre (USD)

1BR Rent (City Centre)

Monthly rent for 1-bedroom apartment in city centre (USD)

1BR Rent (Outside Centre)

Monthly rent for 1-bedroom apartment outside city centre (USD)

3BR Rent (City Centre)

Monthly rent for 3-bedroom apartment in city centre (USD)

3BR Rent (Outside Centre)

Monthly rent for 3-bedroom apartment outside city centre

Mortgage Interest Rate (20Y)

Average mortgage interest rate for 20-year fixed loan

Additional Insights

Expert analysis of Cayman Islands Real Estate Market trends and investment implications

Market Overview

Canada's real estate market offers a complex mix of opportunities and challenges for investors. While property prices have consistently appreciated at a rate that outpaces GDP growth, rental yields are under pressure due to rising interest rates. Population growth continues to strain housing supply, but quality of life remains a strong selling point. Investors should weigh the country's relatively high tax burden against potential returns.

Key Findings

Data-driven insights

•House price growth has consistently outpaced GDP growth by an average of 1.5% annually over the last decade, indicating robust property appreciation.
•Current average rental yields in major cities like Toronto and Vancouver are approximately 3-4%, below the average interest rate of 5%, making positive cash flow challenging without significant equity.
•Population growth at a rate of 1.4% annually is not being matched by housing supply increases, leading to upward pressure on prices.
•Canada’s quality of life index remains high, but with property prices averaging $800,000 in major cities, affordability is a growing concern.

Market Trends

Historical patterns

•An aging population is driving demand for smaller, more accessible housing.
•Regulatory changes, including foreign buyer taxes and mortgage stress tests, are impacting both domestic and international investors.
•Sustainability and green building trends are becoming increasingly important in new developments.

For Investors

Actionable takeaways

•Opportunities exist in smaller cities like Halifax and Ottawa, where growth potential is greater and entry prices are lower.
•The biggest risks include potential interest rate hikes and stricter regulatory measures affecting foreign buyers.
•Investors should consider focusing on suburban family homes and smaller urban apartments, which are in high demand.
•Given current market conditions, a cautious approach is advisable; consider buying in undervalued areas or waiting for a potential market correction.

Market Context

Compared to similar markets like Australia and the UK, Canada offers a stable investment environment with fewer restrictions on foreign ownership but similar challenges regarding affordability and market saturation. The country's economic resilience and high quality of life are key attractions for international investors.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.