Bovell REMAX Cayman Islands

Insights & Expertise

May 12, 2016

September 2015 Market Update

A recently published Caribbean Market Update, produced by Caribbean-based Integra Realty Resources, has offered good news for the Caribbean economy, noting a general improvement in tourism for the region, as well as a gradual improvement in real estate sales and an increase in foreign investment into our area.

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May 12, 2016

Grand opening for Brac resort

The newly named Cayman Brac Beach Resort opened Friday with a new bar and sprawling lagoon-style swimming pool at the oceans edge. The hotel and dive resort, described as the backbone of the islands tourism industry, was closed for four months while extensive renovations took place.

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May 12, 2016

Airport upgrade to break ground this week

Construction of the new terminal building at Grand Caymans Owen Roberts International Airport is scheduled to break ground Thursday and will begin in earnest next week, government leaders announced Monday.

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May 12, 2016

October 2015 Market Update

A few years ago the MLS (Multiple Listing System/Cayman Islands Real Estate Brokers Association-CIREBA) members listed the total number of inventory (properties and land) for sale at around 2,200. Today, as at the time of writing (end of September) that figure has decreased dramatically to 1,572. This drop of approximately 30 per cent alone is a huge indicator of how the market has changed in recent years. We have gone from a high amount of inventory to a considerable drop, which will in turn drive up prices further, I believe, as there will be less choice for buyers, inevitably resulting in a sellers market.

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May 12, 2016

New courthouse closer to reality

Chief Justice Anthony Smellie announced on Wednesday the specific steps that have been taken to make a new courthouse a reality. He was speaking at the formal opening of Grand Court for 2016 after a ceremonial inspection of a police guard of honor outdoors.

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May 12, 2016

Minister Kirkconnell sets ground rules for cruise dock

We support it as what it is, a berth for a cruise ship, Mr. Kirkconnell, who is also the deputy premier for the Progressives party government, said Tuesday. We dont support upland development; we support the rebuilding and rebranding of George Town itself as a cultural centre for this country and we believe that the cruise pier will only add to that because of the numbers it will bring.

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May 12, 2016

Kimpton names new hotel ‘Seafire’

The Kimpton group plans to name its 10-story Grand Cayman hotel the Seafire Resort and Spa, Seven Mile Beach. The name was inspired by the fiery sunsets over Seven Mile Beach, according to Kimpton CEO Mike DeFrino. Officials from the San Francisco-based hotel chain were in Grand Cayman on Wednesday to launch the brand of the new hotel, owned and built by the Dart group.

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