Discover the Latest Listings, Market Trends, and Success Stories!
Despite two holidays, 89 sales closed in May—averaging 4.5 sales per business day. That’s impressive momentum as we approach the traditional “slow season.” The numbers reflect strong local buying, investor confidence, and developer activity across the board.
💥 Hot Segments:
Large land parcels and luxury properties were the big movers.
❄️ Cooling Area:
The rental market has slightly softened—likely due to increased inventory. Historically, rental demand picks up again at the end of summer with incoming teachers, seasonal workers, and relocating families.
📈 June Already Buzzing:
We’ve seen 7 properties sold and 9 under contract—just in the first three days!
Despite two holidays, 89 sales closed in May—averaging 4.5 sales per business day. That’s impressive momentum as we approach the traditional “slow season.” The numbers reflect strong local buying, investor confidence, and developer activity across the board.
Right now, the rental market is experiencing more supply than demand. As a result, rental prices are starting to cool—and in many cases, it’s a much-needed correction.
Why the Dip?
Some older or poorly maintained properties had been priced unrealistically high, banking on location alone. With tenants becoming more discerning, value and condition matter more than ever.
The Landlord Perspective:
Owners—especially those of newer developments—are feeling the pinch. Rising interest rates, construction costs, and insurance premiums mean many are just breaking even.
Rental Trends Are Seasonal:
📉 A slowdown typically hits around June, when the school year ends.
🔁 Activity rebounds in August with new teachers, relocating families, and seasonal workers.
📈 Another bump comes year-end, driven by corporate staffing needs.
Current Market Snapshot:
CIREBA shows 300+ rentals on the market—250+ of them are residential.
Own a rental property?
Be prepared to adjust your pricing—or face a longer vacancy. Flexibility is key in today’s shifting market.
With schools winding down for summer, we’re hopeful that key roadworks projects will pick up speed ahead of the Fall 2025 school term.
Several vital routes remain only partially completed—and while reasons vary (land acquisition delays, planning debates, and shifts in political leadership), one thing is clear: Cayman needs progress.
Critical projects still pending:
East-West Arterial extension
Walkers Road connection from Bobby Thompson Way to Burger King/Windjammer Plaza
Third lane from Grand Harbour Roundabout to CUC Roundabout heading into town
These improvements aren’t just helpful—they’re essential.
Let’s keep the pressure on for better infrastructure and smoother commutes by September.