November 11, 2020
James Bovell talks about open houses in this 60 Second Series video. An open house offers the opportunity to allow people to come to the property and review the property at leisure. It also allows us to set the house up so that people can come through and take their time so they can get […]
November 11, 2020
Welcome back to the 60 Second Series. In the video Crystal chats to us about due diligence. Due diligence is the process of verification, investigation or audit of a potential deal of an investment opportunity to confirm all information is correct. Due diligence is completed before a deal closes to provide the buyer with […]
November 11, 2020
Today Mabel shares information on Chattels in our 60 second series. Chattels are also known as inventory. Most homes and condos in the Cayman Islands come already furnished with saves the purchaser money when they are starting out in a new place. Chattels are usually hard furnishings, including bedrooms, dining rooms, and there are almost […]
November 11, 2020
In this video, Mabel discusses the difference between strata and homeowners association. Stratas cover maintenance of a complex such as a condo, as well as the gardening, insurance and things in the common areas. This generally comes at a fee to every owner and the cost is split between all the owners. We also […]
November 11, 2020
James Bovell explains what stamp duty is and why it’s included when you purchase a property. Stamp duty is the only government associated charge related to property. At the moment the stamp duty charge stands at 7% of the real estate value and this is paid at closing or within 45 days of the paperwork […]
November 11, 2020
Welcome to the Bovell 60 Second Series! We created this series to bring you information about the marketplace, properties, compliance and more. Different members of the team will be sharing information on various topics relating to real estate throughout this series. We hope you enjoy it!
September 30, 2020
I don’t believe that we have ever seen as many cranes along the Seven Mile Beach corridor as we have currently, and those numbers are only set to increase by the end of this year. Such large construction equipment is a telling and obvious sign of the huge number of developments currently taking shape along […]
August 9, 2020
The Cayman Islands Government announced late yesterday, after my article was published, to extend Cayman’s border closures to October 1 citing the continuing spread of COVID-19, particularly in the United States. The border closing for an additional 30 days will be reassessed as we get closer to October 1. While obviously this can be disappointing […]
August 6, 2020
As you may be aware, the Cayman Islands’ borders have been closed to visitors, from a general aviation perspective, since March, in the jurisdiction’s quest to prevent the spread of Covid-19 within the Islands. This strict approach has meant Cayman has had very few cases and eventually has led to us becoming COVID-free for the […]
July 22, 2020
Pension withdrawals under the Government’s coronavirus emergency withdrawal plan have the potential to greatly contribute to the real estate industry, and thereby the economy as a whole if they are invested wisely. They also have the potential to ease one of the biggest financial burdens an individual will face during their lifetime: the cost of […]