Cayman Islands Real Estate News

James Bovell at Flowers Sea Swim 2018

17 July 2018

James Bovell, Broker/Owner of RE/MAX Cayman Islands at the Flowers Sea Swim 2018. RE/MAX Cayman Islands is a proud sponsor of this event year after year.

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A teaser of things to come - and words of caution

06 July 2018

The first six months of this year have almost closed, so I thought it would be a good point in time to reflect on how the market has progressed in 2018 so far, while at the same time offering readers a glimpse into what’s moving and shaking the real estate industry in the months ahead.

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Evolving of new style tourist accommodation

01 June 2018

In the last year I have noticed an upsurge in the number of high end vacation rentals that have become available for visitors who may be part of a multi-generational family group looking to share a single family home for their vacation.

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Blockchain and Cayman's real estate industry

30 May 2018

While readily admitting that I am not the world’s expert on the subject of Blockchain, I would like to acknowledge that I am starting to see a definite trend towards the employment of this software platform for digital assets within the real estate industry globally and stirrings of interest even within Cayman’s own real estate industry.

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Is over supply on the horizon?

07 May 2018

This is one question that I’m being asked with increasing frequency by investors based overseas, as people take in the scale of development currently happening in Grand Cayman.

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Not a time for complacency

19 April 2018

The devastating hurricane season that hit competitor islands in the Eastern Caribbean last year (in particular hurricanes Irma and Maria which wreaked havoc in places such as the British Virgin Islands and US Virgin Islands, St Martin and Anguilla) has undoubtedly created some additional uplift as far as diverting tourists to Cayman.

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Diverse product offering benefits all

22 March 2018

Parts of the Caribbean impacted by the dreadful hurricane season of 2017 are currently undergoing tremendous change as they rebuild their tourism and real estate products. This means increasing pressure on the Cayman Islands to improve our own product by diversifying our offering for visitors and residents, in terms of where they can stay and where they can live. There is a danger that those jurisdictions now receiving insurance payouts for the damage inflicted by hurricanes Irma and Maria last year will eventually end up with a superior product than what we can offer, so in many respects it’s important for us to keep ahead.

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New luxury accommodation

16 March 2018

Resort development along Seven Mile Beach has some brand new and exciting resorts. Aqua, a luxury 10-story condominium complex is being developed on the southern end of Seven Mile Beach. Each of these 10 limited edition residences will open via a private elevator to a spacious floor plan with 360 degree ocean views, chef's kitchen, four bedrooms, expansive indoor and outdoor entertaining areas. On-site security and five star concierge service. Prices are expected to start in the US$3.5 million pre-sale range.

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Seven Mile Beach developments worth the wait

10 February 2018

This month I would like to explore the ways in which investors could benefit from investing in the most sought-after piece of real estate in the Cayman Islands and the hurdles that they may face in the process.

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A diverse and buoyant market

08 January 2018

In this update I think it is timely to reflect on the year that has past and the impact it has made on the industry. 2017 was probably one of the strongest years we have ever had in the real estate industry. Indeed the past two years have seen an extremely strong and active market with high demands and slowing inventory.

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James Bovell

James Bovell

Broker/Owner

+1 345 945 4000

[email protected]