November 26, 2020
The Cayman Islands have always been a popular destination for real estate investment and the Cayman real estate market is thriving. Historically, we have many new residents and investors who are retired or semi-retired looking for a safe, secure and warm place to relocate. Due to our close proximity to the US, as well as […]
November 12, 2020
At the time of writing, it appears that there will be a transition from the Republican to the Democratic party in the US and even during this early transition, the Cayman Islands real estate industry is already seeing a positive impact. Historically, any transition of power in the US has positively affected the Cayman Islands […]
November 11, 2020
Crystal chats about why it’s important to have photos, videos and virtual tours on our website when selling a property. This is a way we connect with clients and buyers that are overseas. This gives them the ability to view the home in detail so they can then picture themselves in the property.
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 […]