March 12, 2020
Seven Mile Beach condos This time of year is always a good time to compare statistics, in order to give a feel of where the market is heading for the year ahead and beyond. I have concentrated my study in the condo and homes around the US$1.5 to US$3 million market. Looking at the statistics […]
January 16, 2020
Following on from the Central Planning Authority’s approval for the first application for an aerial subdivision earlier this year, I believe it is timely to look at the issue of volumetrics in some detail.
December 13, 2019
The Cayman Islands Government recently revealed its Budget for 2020 and 2021 and confirmed what we have been discussing for some time now – our real estate industry’s worth to the entire economy and the fact that, while our industry is so strong, our worth has been increasing. Government’s Operating Revenues are forecasted to be […]
November 20, 2019
A topic point recently came up in one of our regular agents’ meetings that I thought worthy of discussing further. Is the value of a Cayman Islands property only in its rental value? Is Cayman real estate really just a vehicle in which investors can park their money and generate income? I believe the answer […]
October 18, 2019
Short-term rentals at Cayman Islands A cursory glance at a new market whereby owners can supplement their income with one of the most popular short-term rental websites (Airbnb.com), is showing more than 300 places in the Cayman Islands that can be rented by a couple in December of this year, ranging in price from little […]
October 3, 2019
It is no surprise to anyone that the real estate market in the Cayman Islands has been booming now for several years. Prices continue to rise in nearly all market sectors from condos on Seven Mile Beach to interior land parcels to single-family homes. This even includes industrial and other types of property. Inventory continues […]
September 10, 2019
Further to my article published in July on the pros and cons of the prospect of an iconic tower to be built on Grand Cayman, I felt the need to write a follow-up article because so many of you took the trouble to write to me on the subject, reaching out via letter, Facebook, via […]
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.
July 16, 2019
Josh Mason, who spent much of his childhood in the Cayman Islands, won his first race of the year in his RE/MAX Bovell Team-sponsored F3 race car at the second British F3 Race at Donington Park in the United Kingdom on 23 June.
June 7, 2019
By the end of this year the Government will close the loophole in the law that allows buyers to only pay Stamp Duty on the cost of the land on which their property will be built, should construction not yet have started and not again later on once the property has been completed (the so-called two-contract transaction).