|
Last Updated: Dec. 02, 2009 |
| CAYMAN ISLANDS condos-mixed |
COST (US$) |
YIELD (p.a.) |
PRICE/SQ.M. (US$) |
| TO BUY |
MONTHLY RENT |
TO BUY |
MONTHLY RENT |
| 75 sq. m. |
299,475 |
n.a. |
n.a. |
3,993 |
n.a. |
| 120 sq. m. |
522,240 |
2,814 |
6.47% |
4,352 |
23.45 |
| 160 sq. m. |
759,360 |
4,146 |
6.55% |
4,746 |
25.91 |
| 225 sq. m. |
1,339,875 |
5,153 |
4.61% |
5,955 |
22.90 |
| CAYMAN ISLANDS condos-7 Mile |
|
| 120 sq. m. |
662,880 |
3,185 |
5.77% |
5,524 |
26.54 |
| 160 sq. m. |
1,049,600 |
4,963 |
5.67% |
6,560 |
31.02 |
| 225 sq. m. |
1,751,175 |
5,603 |
3.84% |
7,783 |
24.93 |
| 385 sq. m. |
4,503,730 |
n.a. |
n.a. |
11,698 |
n.a. |
| CAYMAN ISLANDS condos-other areas |
|
| 75 sq. m. |
268,725 |
n.a. |
n.a. |
3,583 |
n.a. |
| 120 sq. m. |
355,320 |
2,526 |
8.53% |
2,961 |
21.05 |
| 160 sq. m. |
479,360 |
2,600 |
6.51% |
2,996 |
16.25 |
| 225 sq. m. |
615,150 |
n.a. |
n.a. |
2,734 |
n.a. |
| CAYMAN ISLANDS houses-mixed |
|
| 250 sq. m. |
801,500 |
n.a. |
n.a. |
3,206 |
n.a. |
| 500 sq. m. |
2,264,500 |
n.a. |
n.a. |
4,529 |
n.a. |
| 1000 sq. m. |
7,398,000 |
n.a. |
n.a. |
7,398 |
n.a. |
Districts researched:
Cayman Islands: Cayman Brac, East End / High Rock, NE Coast / East Inland / Colliers, Northside, Rum Point, Seven Mile Beach, South Sound, Spotts / Prospect, West Bay Note: 1. We did not use our usual method of computing the rental yields because rents are seasonal in the country. Instead, we used the expected/projected rental income in our computation.
2. The first table, Cayman Islands condos-mixed, is a combined study of the second and third tables - Cayman Islands condos-7 Mile and Cayman Islands condos-other areas.
3. Cayman Islands condos-7 Mile covers only the condos located in & Mile Beach while Cayman Islands condos-other areas, covers the condos located in the other upscale areas stated above.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
Our Cayman Islands rental yields data this year covers condominiums (only). Reasonably attractive yields can be earned, varying from 3.8% at the unattractive end, to 8.5% on better-performing condominiums, which in our view are smallish condominiums outside 7 Mile Beach.
Our rentals information is however sketchy, because so many lets are short-term. We therefore used projected/expected incomes in our computation, which means that the rental yield figure is much less reliable, than it would be if we used on advertised prices and rentals.
Sale prices. Our best estimate is that sale prices have moved little since 2005. There appears to have been an upward blip in 2006/7, but that has been followed by a downward movement in prices during 2008.
Add your comment