February 11, 2022
As I’ve discussed in previous articles, our borders opened on November 20, 2021, and visitors began returning to our islands. Effective January 20, 2022, the Cayman Islands moved into Phase 5 of the National Border Reopening Plan. I thought I’d take the opportunity in this article to discuss the specifics outlined in Phase 5, new […]
January 13, 2022
To say that the real estate market is booming in the Cayman Islands is an understatement. In 2021, for the first time in our history, sales exceeded $1.054 billion. I thought I’d take this opportunity to provide a recap of the Cayman Islands real estate market in 2021 with respect to inventory, transactions, and volume, […]
December 23, 2021
Since our borders opened on November 20, we have begun to welcome back visitors to the Cayman Islands. As was expected we are not seeing a huge influx of tourists due to the limited flights available at this time and the fact that people cannot travel to our islands with children without being required to […]
December 10, 2021
Buying or selling a home is a significant milestone. Whether it’s that first-home buyer’s exciting moment of receiving keys, or a family move to the Cayman Islands, or finally buying that dream second home on the beach, these moments have long carried immense weight and importance in people’s lives. Yet in the current landscape, the real […]
November 25, 2021
On Saturday, November 20, the Cayman Islands borders officially opened, and we are welcoming back guests from far and wide to enjoy our tropical weather, white sand beaches, crystal clear blue waters and so much more. As I’ve received several enquiries from clients and customers asking about how people can begin to visit the Cayman […]
October 28, 2021
It’s official! Our borders are finally opening! It was announced Friday, October 22 by the Premier that the Cayman Islands borders will reopen on November 20. Not only that, but all quarantine requirements will be lifted for most vaccinated travellers, which is key in attracting visitors to the Cayman Islands. I thought I’d take this […]
October 21, 2021
Back in June 2021, I wrote an article that focused on construction material costs and availability as well as addressed two key factors that are contributing to the increase in overall property values in the Cayman Islands that particularly impacted new construction: building and shipping costs. In that article, I quoted a chief economist at […]
October 7, 2021
As we are already two thirds of the way through 2021, I thought I’d take this opportunity to do a deep dive into the Cayman Islands real estate statistics by not only looking at year-over-year numbers but comparing this same period to 2019 as well as the first half of 2021. I then look at […]
September 24, 2021
Since last week’s press briefing by the Cayman Islands government with respect to the community spread of COVID-19 in our islands and the unexpected, and some say sudden announcement that we “are pausing…our reopening plan for the rest of the year” as stated by the Premier Wayne Panton, there has been a substantial reaction, both […]
September 9, 2021
Affordable Housing Housing, and in particular affordable housing, have been the topics of much discussion of late in the Cayman Islands. I thought I’d take this opportunity to explore housing prices in the Cayman Islands, examine the housing market, salaries, and demographics on a global basis, as well as look at affordable housing in the […]