The results of the Cayman Islands’ 2025 general election, held on April 30, have ushered in a new chapter that will continue to shape the future of real estate across the islands.
With Premier André Ebanks at the helm of a coalition government made up of The Caymanian Community Party (TCCP), the Cayman Islands National Party (CINP), and several independent voices, a renewed focus on affordability, sustainability, and economic resilience is now taking center stage.
For those involved in the property sector, from homeowners to developers, these changes signal more than just political movement. They reflect evolving priorities that are already starting to influence the local market.
“The focus on enhancing our island’s attractions through tourism will certainly create a competitive edge,” observes Lucy Wood, a real estate professional with ERA Cayman Islands.
“In addition, the government’s effective management of economic factors within the finance sector, combined with a detailed understanding of the cost of living, should significantly contribute to real estate market activity.”
Opening doors for first-time buyers
One of the most impactful changes ahead of the elections has been the recent adjustment to stamp duty regulations for Caymanian first-time buyers. Homes valued up to CI$ 550,000 are now fully exempt from duty, while reduced rates apply to properties up to CI$ 650,000. For many young residents trying to get on the property ladder, this is a much-needed boost.
Moreover, the benefits from this initiative go deeper than the numbers. “The emphasis on preparing our youth to represent our local culture with hospitality and a friendly atmosphere will enhance the overall appeal of living in or visiting Grand Cayman,” Lucy points out, underscoring how economic and cultural investments go hand-in-hand.
Sustainability in focus
Environmental concerns were a major theme during the election season and are expected to remain high on the new administration’s agenda.
“Looking at the government’s environmental protection initiatives, I anticipate this will indeed influence the location and methods of new property development,” Lucy shares. “I am optimistic that the government will implement effective environmental measures. It will be important for all development requirements to align with the regulations to avoid potential delays.”
Likewise, she also calls attention to the importance of industrial zoning. “An increase in industrial land zoning would be a very positive step for the island, especially considering the significant industrial growth we’ve seen in the last decade and the current shortage of this type of zoning.”
What buyers may look for next
Affordability and environmental awareness have already been influencing buyer preferences, and these trends are expected to continue. In the last few years, energy-efficient homes, sustainably built properties, and mixed-use spaces have become increasingly attractive to modern buyers.
This increased interest in sustainable homes creates an opportunity to encourage both innovation and practical support for the local economy.
“Considering the new government’s focus on both the environment and the cost of living, I believe this will shape the types of properties people are looking for,” Lucy shares. “Promoting the use of local soil and building materials could be important, alongside a review of existing measures to ensure a balance with the economic benefits of imported products.”
“It might also be beneficial to consider adjusting import duty costs for certain essential items, perhaps based on input from industry experts regarding specific local needs,” she adds.
Moving forward together
With new leadership and a realignment of priorities shaped by the call of the times, Cayman’s real estate market may be entering a dynamic new phase. Though challenges remain — particularly around affordability, supply, and environmental protection — there is a strong sense of possibility in the air.
“Overall, this new government has the potential to bring about significant positive change for the Cayman Islands by addressing key areas such as the cost of living, finance, education, and environmental concerns,” Lucy notes. And as the islands navigate this new direction, the real estate industry is likely to serve not just a reflection of national priorities, but a key partner in shaping them.
Ready to explore your property options in the Cayman Islands? Contact ERA Cayman today and let our real estate experts guide you home.