Reliable and transparent property data is critical not only for investors but also for families and policymakers,” he said. The indices will be published annually, with a quarterly George Town index for greater insight into Cayman’s capital. In George Town, prices are almost two and a half times what they were in 2015. While local statisticians stressed the importance of this information, it’s not clear what government intends to do about the realities of local rising property prices. “This index gives us the ability to track residential property prices with precision, identify emerging risks, and safeguard financial stability,” he added.