News Archives - Page 13 of 37 - Bovell REMAX Cayman Islands

Look further afield than Seven Mile Beach for new waterfront properties

January 23, 2019

Market strengthening in 2018

For the past couple of years, I have been discussing the upward trajectory of the market, in terms of transactions and sales, and the ultimate reduction of inventory in sought-after places such as the Seven Mile Beach corridor and corresponding canal front properties along the other side of the West Bay Road peninsular. An analysis of the statistics produced by the Cayman Islands Real Estate Brokers Association (CIREBA) for 2018 versus 2017 confirms my predictions and discussions, with 2018 showing increases in sales prices in most areas of the market, and in particular the condominium sector.

November 17, 2018

Economic data and its impact on the real estate industry

At the time of writing, the US economy is anticipating another interest rate hike (predicted to happen before the end of the year) with two more expected in 2019. Also, we recently received the latest statistics courtesy of Cayman’s Economic and Statistics Office with regard to the latest Consumer Price Index figures at the end of June 2018, which showed a rise of 4.8 per cent over the same quarter in 2017.

These statistics show now is the time to buy real estate on Seven Mile Beach

September 19, 2018

Seven Mile condos not in the overpricing trap

I had a very good response to last month’s article, on the disparity between what $2 million and above residential homes are often put on the market for, versus what the owners eventually are likely to receive for their sale.

Here are the pros and cons of withdrawing pension funds and reinvesting in Cayman real estate

September 19, 2018

Impact on real estate industry of a public registry

Clearly, the hot topic right now in the Cayman Islands business community is the U.K. government forcing its overseas territories, Cayman included, to provide a public registry of beneficial ownership by 2020. I believe that Great Britain has behaved very poorly in this regard because it has chosen not to include its Crown Dependencies, i.e., Jersey, Guernsey and the Isle of Man, in this change of legislation, which shows the agenda is disingenuous and is a redirection of business, effectively doing little more than to cast aspersions on offshore jurisdictions.

Stick with one agent when buying a property at Cayman Islands

August 21, 2018

Realistic pricing in a fast-paced market

In a market that is currently seeing a great deal of activity, the sale pricing of US$2 million and above private homes or condominiums predominantly in the Seven Mile Beach corridor (West Bay to north George Town), is one that I would like to concentrate on in this update.

July 17, 2018

James Bovell at Flowers Sea Swim 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.

July 6, 2018

A teaser of things to come – and words of caution

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.

June 1, 2018

Evolving of new style tourist accommodation

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.

May 30, 2018

Blockchain and Cayman’s real estate industry

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.

May 7, 2018

Is over supply on the horizon?

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.