Real Estate in the Cayman Islands
With so much to offer—gorgeous and unique natural beauty, a fascinating history, and a strong economy—the Cayman Islands have not only attracted tourists, but many residents as well, who come to take part in the laid-back island atmosphere all year round. Currently, the population of the Cayman Islands is 45,000, with Grand Cayman being the largest and most heavily populated. For those who are interested in relocating to the Cayman Islands, the real estate market is full of exciting housing opportunities including oceanfront and garden view condominiums, cozy Cayman cottages, cute country homes and larger traditional execute homes and oceanfront estates. Oceanfront condominiums and single family homes are highly desirable on the islands, particularly on Grand Cayman. Grand Cayman is divided into several areas, from east to west: East End, North Side, Cayman Kai, Bodden Town/Breakers, Savannah/Newlands, South Sound, George Town (the capital), Seven Mile Beach, and West Bay. Condominiums on Grand Cayman are affordable, ranging in price from the high $100,000s to over a $1 million. Many communities provide luxurious resort-style living, upscale amenities, and are located within close proximity to some of the island’s most popular attractions. Condominiums on Seven Mile Beach are especially popular within the beach-loving crowd; they typically cost anywhere from the mid-$300,000s to over $1 million, with garden, ocean, and canal views available. Single family homes on Grand Cayman range in price depending on their location—oceanfront estates can run well into the millions, while more modest homes in George Town, Bodden Town and Savannah/Newlands can be very affordable, ranging in price from the mid-$200,000s to over $1 million.
Cayman Brac and Little Cayman are much smaller than Grand Cayman, but also have housing available. Real estate on Cayman Brac and Little Cayman includes affordable condominiums and single family homes, as well as luxury estates. The defining feature on Cayman Brac, locally known as “The Brac,” is the huge bluff that rises 140 feet above sea level in the center of the island. The less than 2000 locals are referred to as “Brackers,” and are widely known for their friendliness to newcomers and visitors. Little Cayman is the smallest of the islands, but is one of the most premier diving destinations in the world. There are approximately 200 residents and only 40 vehicles, which makes for the small-town quiet island atmosphere that many people desire. No matter which island you choose—Grand Cayman, Cayman Brac, or Little Cayman—you will be living the good life with all the housing options the Cayman Islands real estate market has available. And with an expert team of real estate agents waiting to help you, it is easier than ever to find that perfect island home you’ve always dreamed of.