Rising building costs increase Cayman’s affordable housing challenge
The cost of construction has risen 44% in the past five years, a rate of inflation that is making it much harder for Cayman to build its way out of a significant affordable housing shortage.
A new Cayman Islands Construction Costs Index, which tracks inflation in building costs, shows a sustained trend of escalating costs since the pandemic.
Kevin Drysdale, a chartered surveyor who runs construction and property consultants KastleCay, said he developed the index using 15 years of data from the Building Control Unit to provide a Cayman-specific industry guide to construction costs. The index shows a sharp spike in the aftermath of COVID-19 amid global supply chain disruptions. For a more complete summary of the story, please see the below link:
Published on: Feb 07, 2026 02:05 PM