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 […]
June 16, 2022
As inventory levels for housing in the Cayman Islands remain at record lows, the demand for housing, as I’ve addressed in several articles, is outweighing the available properties that are currently for sale. Undoubtedly it is a seller’s market and prices are continuing to rise. The issue of affordable housing is not just something we […]
May 26, 2022
As housing prices continue to climb not only in the Cayman Islands but on a global basis, some countries have implemented new regulations with respect to foreign investment in real estate in hopes to curtail sky-rocketing real estate prices. Unfortunately, it is not as simple as saying foreign buyers cannot buy real estate in countries […]
May 12, 2022
Buying or selling a home is a significant milestone for people. Whether it’s that first-time home buyer’s exciting moment of receiving the keys, or a family relocating to the Cayman Islands, or a home away from home in a tropical paradise that will be passed down from generation to generation, these moments have long carried […]