Cayman Islands Demographics Analytics

Population trends and statistics

Population

Total population

Home Ownership

66.5%

Percentage of population that owns their home

Household Debt

101.9%

Household debt as percentage of GDP

Population

Total population

Home Ownership Rate

Percentage of population that owns their home

Disposable Income

Average disposable personal income

Personal Savings

Personal savings rate

Additional Insights

Expert analysis of Cayman Islands Demographics trends and investment implications

Market Overview

The Cayman Islands' demographic trends indicate a strong rental market potential driven by population growth and a high influx of expatriates. A younger population and increasing urban migration suggest sustained demand for diverse property types, while rising household debt may signal affordability issues. Investors should focus on strategic locations and property types that cater to both expatriates and local needs.

Key Findings

Data-driven insights

•The population of the Cayman Islands has grown from 5,564 in 1915 to approximately 68,000 in 2023, indicating robust population growth.
•Expats make up around 57% of the population, significantly impacting rental demand as many prefer renting over homeownership.
•Approximately 60% of the population is aged 20-49, suggesting a stronger demand for smaller units like studios and apartments suitable for young professionals.
•Homeownership rates hover around 44%, implying a strong rental market due to the significant portion of the population unable to or uninterested in buying property.

Market Trends

Historical patterns

•Consistent population growth with significant spikes post-1970s due to the tourism and financial services industry boom.
•Urban migration trends are increasing, with George Town and West Bay experiencing the most significant population influx.
•Household debt has risen from negligible levels in the mid-20th century to moderate levels, reflecting increased access to credit but also potential affordability challenges.

For Investors

Actionable takeaways

•Focus on rental properties in urban centers like George Town and West Bay to cater to the high expat population.
•Invest in smaller units such as studios or one-bedroom apartments, capitalizing on the young professional demographic.
•Monitor household debt levels closely as rising debt could hinder purchasing power, bolstering rental demand.
•Consider targeting mixed-use developments to appeal to both commercial and residential tenants, leveraging urban migration trends.

Market Context

The Cayman Islands' real estate market is characterized by a high expatriate population and consistent urbanization, driving rental demand and diverse property needs. However, investors should be cautious of potential affordability issues due to rising household debt.

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