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…
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September 3, 2020
The coronavirus has had a massive impact on the way in which we live and work, restricting many to working from home for quite a few months during the lockdown. But the restrictions imposed in lockdown have born an interesting and positive phenomenon: a new way of working which has the potential to have a […]
August 21, 2020
During my first webinar a few weeks ago (click to request the webinar link), I provided an overview of the Cayman real estate market. Where we were, how COVID-19 affected our industry and where we are heading in the future. Please keep in mind that all of this information is from the webinar (click to […]
June 24, 2020
Over the years, people from overseas who have purchased a second or third home in the Cayman Islands have been motivated to invest here for a number of reasons. Years ago, they looked to Cayman because they were attracted by our tax neutral status which meant they could own and enjoy a property in Cayman […]
June 11, 2020
For many years the Cayman Islands has attracted high net worth individuals (HNWIs) and ultra-high net worth individuals (UHNWIs) from all over the world to our shores, as a place where they can enjoy the fantastic benefits of a primary, second or perhaps third home. Cayman’s sophisticated infrastructure, its proximity to the United States, its […]
June 1, 2020
With many people in Cayman now contemplating whether it is worthwhile withdrawing money from their pension under new Government rules permitting people to do so, I thought it would be worthwhile exploring whether this would be a good idea or not, from the perspective of the real estate industry. Withdrawing pension funds, which are supposed […]
May 14, 2020
The impact of COVID-19 and the restrictions imposed on business to help eradicate this terrible virus will be felt for several months. How Cayman has proactively managed the virus and how it handles the gradual easing of these restrictions will be critical to its future success. Despite the necessary restrictions under which we all have […]
April 30, 2020
The global economy is seeing unprecedented challenges as a fallout from the COVID-19 pandemic. The real estate and construction and development industries in the Cayman Islands have often been touted collectively as the third pillar to Cayman’s economy, after the financial services and tourism industries. As an essential component of Cayman’s economic success, Cayman needs […]
July 25, 2019
I know I promised an article on volumetrics this month, but following recent discussions on Dart’s proposal to build a skyscraper tower, I thought I would look at this subject (in the meantime we are busy gathering information for an article on volumetrics next month). The tower proposed will be similar perhaps to the 160-storey Burj Khalifa in Dubai or the former 104-storey World Trade Centre in New York. Plans to create a new skyline for Grand Cayman recognisable the world over were first unveiled by Premier McLaughlin at this year’s Cayman Economic Outlook conference, and have been the subject of a lot of discussion ever since, including at the Chamber of Commerce’s Economic Outlook event.
April 16, 2019
The issue of economic substance is not a new one for the Cayman Islands, as the subject was much talked about some years ago and this was a motivating factor in the development of the Cayman Enterprise City project. As a result, Cayman passed its Cayman’s Special Economic Zones Law in 2011. Businesses located within CEC have been growing steadily in numbers since it first opened its doors to the likes of technology, media, intellectual property, shipping, aviation, commodities and derivatives trading businesses that wanted to establish a physical presence in a tax-neutral jurisdiction such as ours while meeting globally recognised economic substance requirements.