Cayman Real Estate Market: Q1 2025 Review

Real Talk, Real Estate. Stuff to know.

Once again, Cayman proved why these three small islands command big attention—where lifestyle, resilience, and real estate all align.

Yes, the numbers tell a story—but it’s the people, the energy, and the unwavering confidence in this place that really matters. While headlines across the world continue to buzz with volatility and uncertainty, here in Cayman, we’re charting our own course—and at Property Cayman, we’re all in.

Q1 in Numbers (Because they matter)

There were 200 property transactions in Q1 2025, a 8.7% dip year-over-year, yet momentum remains strong. Sales volume totaled US$256M, a 5% decline from Q1 2024, but still up 35.07% from Q4 2024, a healthy rebound that speaks to sustained demand despite global uncertainty.

One standout: 41 Lakeside units closed this quarter, contributing approximately $13M—making up 20% of all transactions. It’s a reminder that bulk deals can skew quarterly reports, so it’s important to zoom out and assess longer-term patterns.

Inventory & Listings: The Push and Pull

Listings are up—512 new properties came to market in Q1 2025, a 59% increase from Q4 2024, and an estimated 22% rise year-over-year. That’s a sign of growing seller confidence and renewed activity.

Average list value climbed to $1.82M, reinforcing Cayman’s premium positioning. Inventory overall also edged upward, yet with just 1,334 active listings, supply remains tight. The real headline? The total market value of that inventory just passed $3.6 Billion—evidence of deep and sustained interest from both local and international buyers.

By the Segments

• Residential Under $3M:
  $148M in sales, with the average transaction at $835,000 (up 4% YoY).
• Luxury ($3M+):
  $110M in transactions, averaging $9.4M per deal. Volume may have dipped, but quality remains top tier.
• Commercial:
  A quieter quarter at $14M in sales, down 56% YoY, yet average deal size rose 7%, and leasing inquiries stayed strong.

What’s Really Happening?

In the big picture, the global tide is shifting, and Cayman is holding firm. International buyers remain drawn to the island’s lifestyle, safety, and tax-neutral status. Meanwhile, local appetite, particularly in the mid-range residential market, is still active.

Yes, we’re seeing caution in Commercial, and interest rates remain a point of global tension. And yes, affordability and inventory constraints are real, especially for Caymanians. But this isn’t a market for quick flips. It’s about lasting value and connection—between people and places.

That’s why we’re focused on evolving within this new era: to support Caymanians entering the market, and to meet the growing interest from long-term residents, new expats, and investors alike.

Looking Ahead: Cayman, Always

Here’s the truth: we believe in this place. Deeply.

Cayman isn’t just a market—it’s a community, a lifestyle, a sanctuary. As global instability reshapes where and how people live, Cayman continues to rise as an answer to those questions.

But with that comes responsibility. Demand is climbing, while supply—especially affordable and mid-tier inventory—is lagging. Younger Caymanians are feeling the pressure, and we can’t ignore that.

At Property Cayman, we stand for growth with purpose. This isn’t about closing doors. It’s about ensuring the people who built this island aren’t left outside them. Development must be thoughtful, equitable, and sustainable.

Keep an eye on Property Cayman CARES and stay tuned for a new campaign rooted in meaningful, long-term support for Cayman’s next generation of homeowners.

Looking ahead, a new government arrives in May, and we expect reform across:

• Stamp Duty tiers
• Developer concessions & collaboration
• Immigration and work permit policies

There’s Still Room at the Table

Whether you're buying, browsing, building, or just dreaming—we’re here for it. Cayman has space for everyone, and we love connecting good people with great places. That’s who we are.

Because let’s be honest—there’s no better place to live, work, and play. With love, optimism, and a whole lot of local know-how.

(Please note that this is a broad analysis of the overall market. Please reach out for a bespoke detailed report tailored to your personal property journey).