Mortgage practices and housing incentives hurt Caymanian buyers, say realtors
Delays in processing incentives, such as the stamp-duty waiver and pension withdrawal, are delaying mortgage approvals for first-time Caymanian homebuyers, say realtors.
First-time Caymanian buyers purchasing properties priced up to $600,000 don’t have to pay stamp duty and can withdraw money from their pension plan to help cover closing costs. Some lenders also have lower deposit requirements for Caymanian buyers. For a more complete summary of the story, please see the below link:
Published on: Jan 09, 2026 06:29 AM