Loading the player…
Compass News
Compass News – 1 October 2025
Cabinet puts an end to a Conservation Council directive impacting landowners in East End.
A text scam is circulating in Cayman… can you tell the difference between real and fraudulent texts? We’ll tell you how, coming up.
And the US government has shut down for the 15th time in its history. We break down what that means globally.
| 00:28:13
Cayman Compass
Property forum: Cayman has little affordable housing
Cayman’s booming property prices might benefit owners, but they are preventing young Caymanians from getting on the housing ladder.
According to a panel of real estate experts, Cayman’s lack of affordable housing stock is the chief challenge. Other mooted solutions, such as cutting stamp duty and offering cheaper loans, won’t work until there is a ready supply of affordable housing on the islands.
Property prices in Cayman have soared over the last two decades. The Residential Property Price Index, launched by the government on 26 Sept., shows that average prices across the islands rose by between 334% and 517% from 1998 to 2024. That’s great for existing homeowners but makes it more challenging for Caymanians to purchase property.
