Property Prices in George Town, Cayman Islands

Index Info
Price to Income Ratio: 7.26
Mortgage as Percentage of Income: 68.10%
Loan Affordability Index: 1.47
Price to Rent Ratio - City Centre: 13.32
Price to Rent Ratio - Outside of Centre: 10.29
Gross Rental Yield (City Centre): 7.51%
Gross Rental Yield (Outside of Centre): 9.72%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,250.00 KY$ 2,000.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,857.14 KY$ 1,400.00-2,400.00
Apartment (3 bedrooms) in City Centre 4,757.14 KY$ 3,800.00-5,500.00
Apartment (3 bedrooms) Outside of Centre 3,585.71 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 400.00 KY$ 300.00-550.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,908.39 KY$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.10 4.25-9.00

These data are based on 63 entries in the past 18 months from 11 different contributors.
Last update: March 2024

Sources and References
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