Property Prices in George Town, Cayman Islands

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Index Info
Price to Income Ratio: 5.56
Mortgage as Percentage of Income: 53.39%
Loan Affordability Index: 1.87
Price to Rent Ratio - City Centre: 13.25
Price to Rent Ratio - Outside of Centre: 7.96
Gross Rental Yield (City Centre): 7.55%
Gross Rental Yield (Outside of Centre): 12.57%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,350.00 KY$ 2,100.00-2,600.00
Apartment (1 bedroom) Outside of Centre 1,975.00 KY$ 1,650.00-2,400.00
Apartment (3 bedrooms) in City Centre 4,585.71 KY$ 3,800.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 3,714.29 KY$ 2,800.00-4,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 654.99 KY$ 465.00-999.99
Price per Square Feet to Buy Apartment Outside of Centre 325.00 KY$ 300.00-350.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,745.26 KY$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.42 5.75-9.00

These data are based on 64 entries in the past 18 months from 11 different contributors.
Last update: July 2024

Sources and References
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