November 24, 2022
Historically I’ve written a Cayman Islands real estate market review at the end of each quarter, but in addition to the regular statistics about inventory, new listings and solds, there are some additional trends that I am seeing in the market that I thought I’d share. In this article, I’m going to look at residential […]
November 10, 2022
Dear Reader – this article is more of a personal article to talk about a young man that I have watched grow up over the last 5 years not only improving his natural ability of driving and racing but also developing into a fine young man. This is Josh’s story to date… The Bovell Team, […]
October 27, 2022
If you’ve taken a walk recently down Seven Mile Beach, you will undoubtedly have noticed the amount of beach erosion that has become the norm rather than the exception. In this article I explore what coastal erosion is and its financial impact, what’s happening on Seven Mile Beach, as well as explore some ideas that […]
October 13, 2022
As we close out the third quarter of 2022, I thought I’d take this opportunity to provide a recap of the Cayman Islands real estate market with respect to transactions, volume and inventory, as well as provide some insight as to where I believe our market will be heading throughout the rest of year and […]
September 30, 2022
A country’s development plan is essential as it lays out where we are and where we are heading. It is critical for a country such as the Cayman Islands which is small especially with our current growth rates. Grand Cayman has a total area of only 76 square miles, Cayman Brac’s total area is 14 […]
August 25, 2022
Last Friday, we received the great news that we have all been waiting for. The Cayman Islands will be removing all COVID-19 travel regulations to the Cayman Islands. Effective August 24, 2022, travellers will no longer be required to obtain permission from Travel Cayman to enter the islands and unvaccinated tourists will be able to […]
August 11, 2022
[vc_row usbid=”vc_row:1″][vc_column usbid=”vc_column:1″][vc_column_text usbid=”vc_column_text:1″] To build or buy? That is the question. If you’ve wondered about the average cost to build a house in the Cayman Islands, you’re not alone especially with the limited inventory available in the market. Building a home comes with many benefits and some headaches if we’re being perfectly honest. Several […]
July 22, 2022
To buy or sell now or not to buy or sell now? That is the question. Some of the most common questions I am currently being asked are “where is the real estate market heading” and “are we in a housing bubble and if so, will it burst”? I thought I’d take this opportunity to […]
July 7, 2022
The real estate market globally is being impacted by inflation and rising interest rates and the Cayman Islands are experiencing some of these effects in its market. But it important not to rush to conclusions. There are many factors which are impacting some of the slowdowns or should I say readjustments we are experiencing which […]
June 24, 2022
A year ago, I wrote an article that focused on increasing construction material costs and availability and the direct impact this was having on new construction in the Cayman Islands real estate market. In that article, I quoted a chief economist at Moody’s Analytics who projected “by the fall or the end of the year […]