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 […]
August 26, 2021
In my July 16th article I outlined the Cayman Islands reopening plan. As we are less than two weeks away from Phase 3 of the reopening plan, I thought I would revisit the opening phases, share flight information, and most importantly share my thoughts on the impact our reopening will have on the Cayman Islands […]
August 12, 2021
Since the publication of my recent article, Cayman Islands reopening plan announced, I have received several emails and calls from clients and customers stressing additional impacts property owners are facing particularly with respect to investment properties. In fact, one client who owns property in The Cayman Islands is at his breaking point and approached me […]
July 1, 2021
It will be no surprise to anyone that the real estate market in the Cayman Islands and throughout much of the globe is booming. From the impact of new construction and the related costs for development which I spoke about last week to a record-setting price for a single-family home in the Cayman Islands, the […]
June 24, 2021
As I’ve mentioned in several articles, housing prices are continuing to increase in the Cayman Islands, as well as in much of the world due to several reasons. In addition to the many factors I’ve previously touched on including the work-from-home movement, a desire to live outside of major metropolitan markets, and many homeowners re-evaluating […]
June 8, 2021
Source: Cayman Compass Cayman’s real estate market is booming. Despite the pandemic, market activity last year was only slightly below that of 2019. This year, real estate sales are “off to the races”, said RE/MAX broker/owner James Bovell. Property transfers during the first four months of 2021 have significantly exceeded the same periods in previous […]
June 8, 2021
Source: Caymanian Times Cayman’s continued closure of its borders could detrimentally affect its real estate prices as possible purchasers turn to competitor jurisdictions for investment, a roomful of property professionals heard last week at the 2021 RICS Cayman Chapter Real Estate Forum. The Forum, organised by the Royal Institute of Chartered Surveyors (RICS), was supposed […]
May 27, 2021
Cayman kindness Besides our tropical climate and stunning beaches, I’m often asked what makes Cayman so special and the answer is simple – the people. The people of any community or country can make or break its success and in Cayman’s case I’d have to say that it’s the people who make it so great. […]