Tag: property prices
Hint of slowdown in runaway property market
(CNS): The Cayman Islands real estate market is finally beginning to slow down after several years of a runaway sector where high demand and a shortage of homes to buy led to very high prices. According to a local real estate agent, both the value and number of sales fell during the third quarter of […]
Gov’t establishes task force to tackle housing crisis
(CNS): The government has created an inter-ministerial task force to access and address the housing crisis in the Cayman Islands. Premier Wayne Panton, Finance Minister Chris Saunders, Social Affairs Minister André Ebanks, Housing Minister Jay Ebanks, Education Minister Juliana O’Connor-Connolly and Tourism Minister Kenneth Bryan will be working together on the issue, according to a […]
CIG tackling rising rent and house prices
(CNS): The explosion in the cost of rent on Grand Cayman, which many believe is exacerbated by the growth locally in the use of short-term rental platforms like Airbnb, plus the rising property prices, often blamed on foreign investment, is having a huge effect on the cost of living. In response, Housing Minister Dwayne Seymour […]
