Bovell REMAX Cayman Islands

Insights & Expertise

May 12, 2016

December Market Update

The WaterCplours Seven Mile Beach leads the Cayman Islands luxury property upswing. Having weathered the global economic downturn, unlike other developments in the Caribbean, the WaterColours Grand Cayman seeing property value increases.

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May 12, 2016

NRA cites concerns with Dart road plan application

The National Roads Authority says it is concerned traffic delays on the Esterley Tibbetts Highway abutting Camana Bay will shift to the Lawrence Boulevard roundabout after the Dart Group widens the road through its development if the section south of the roundabout is not widened to four lanes as well.

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May 12, 2016

Young artists get RE/MAX awards

As published in the Caymanian Compass l FRIDAY 3 MAY 2013 l Winning artwork submitted to the annual RE/MAX Art Competition will grace the pages of the Chamber magazine. Students who entered their work were awarded their prizes recently at the George Town Yacht Club

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May 12, 2016

Cameron: Cayman not a tax haven

British Prime Minister David Cameron said he believes British overseas territories and crown dependencies should not be labeled tax havens since they have agreed to take the necessary action on tax information exchange.

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May 12, 2016

Marriott expected to sell for $100M plus

As published in the Cayman Compass: 5 FEBRUARY, 2015 A buyer is being sought for the Marriott Hotel on Seven Mile Beach. - PHOTO: TANEOS RAMSAY One of Grand Cayman’s biggest hotels, the 295-room Marriott Beach Resort on Seven Mile Beach, is expected to sell

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May 12, 2016

Tourism development boom highlighted

Citing seven new multimillion-dollar hotel and tourism projects in the works, Tourism Minister Moses Kirkconnell told legislators investor confidence is returning to the Cayman Islands.

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April 19, 2016

April 2016 Market Update

The recently released IRR Viewpoint Caribbean Market Update 2016 Annual Report, written by James V. Andrews of Integra Realty Resources Caribbean, highlights some interesting discussion points when it comes to the state of Caribbean economies, especially in relation to real estate.

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March 9, 2016

March 2016 Market Update

As recently as October 2015 I wrote how I saw the $2 million plus area of the residential homes market as remaining a difficult one for buyers to sell their properties in the short term. These properties are not moving anywhere near to the degree of other inventory, I wrote. Indeed, only ten homes of $3 million and above had been sold over the past three years. However, I also noted that I felt the market was about to change: Going forward, however, I see this becoming less of an issue. This is because desirable parcels of land are becoming increasingly less available. I went on to say that I believe as a result there will be a shift in the coming months and properties in the $2.5 million region will become a lot more appealing.

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