Bovell REMAX Cayman Islands

Insights & Expertise

November 25, 2021

The Cayman Islands border is open

On Saturday, November 20, the Cayman Islands borders officially opened, and we are welcoming back guests from far and wide to enjoy our tropical weather, white sand beaches, crystal clear blue waters and so much more. As I’ve received several enquiries from clients and customers asking about how people can begin to visit the Cayman […]

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November 11, 2021

It’s the next decision you make that counts

Making the right decision isn’t easy, which is why for over 30 years our clients have relied on our expertise to guide them in buying, selling, and investing in real estate. Our approach to helping you make the right decisions comes from our astuteness, understanding of individuals’ needs, readiness to plan ahead for the unforeseen, […]

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October 28, 2021

Cayman border opens November 20

It’s official! Our borders are finally opening! It was announced Friday, October 22 by the Premier that the Cayman Islands borders will reopen on November 20. Not only that, but all quarantine requirements will be lifted for most vaccinated travellers, which is key in attracting visitors to the Cayman Islands. I thought I’d take this […]

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October 21, 2021

Global supply chain gridlock effect on Cayman Real Estate

Back in June 2021, I wrote an article that focused on construction material costs and availability as well as addressed two key factors that are contributing to the increase in overall property values in the Cayman Islands that particularly impacted new construction: building and shipping costs. In that article, I quoted a chief economist at […]

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October 7, 2021

Cayman Islands real estate market update Q3 2021

As we are already two thirds of the way through 2021, I thought I’d take this opportunity to do a deep dive into the Cayman Islands real estate statistics by not only looking at year-over-year numbers but comparing this same period to 2019 as well as the first half of 2021. I then look at […]

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September 24, 2021

Delayed reopening effects on real estate

Since last week’s press briefing by the Cayman Islands government with respect to the community spread of COVID-19 in our islands and the unexpected, and some say sudden announcement that we “are pausing…our reopening plan for the rest of the year” as stated by the Premier Wayne Panton, there has been a substantial reaction, both […]

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September 9, 2021

Affordable Housing

Affordable Housing Housing, and in particular affordable housing, have been the topics of much discussion of late in the Cayman Islands. I thought I’d take this opportunity to explore housing prices in the Cayman Islands, examine the housing market, salaries, and demographics on a global basis, as well as look at affordable housing in the […]

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August 26, 2021

Cayman’s Border Opens

In my July 16th article I outlined the Cayman Islands reopening plan. As we are less than two weeks away from Phase 3 of the reopening plan, I thought I would revisit the opening phases, share flight information, and most importantly share my thoughts on the impact our reopening will have on the Cayman Islands […]

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August 12, 2021

The Impact on Investment Property Owners

Since the publication of my recent article, Cayman Islands reopening plan announced, I have received several emails and calls from clients and customers stressing additional impacts property owners are facing particularly with respect to investment properties. In fact, one client who owns property in The Cayman Islands is at his breaking point and approached me […]

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July 29, 2021

Pre-construction and reassessment of Stamp Duty

As I’ve mentioned in numerous articles, the real estate market in the Cayman Islands is continuing to boom. One of the new challenges with a market that is enjoying relatively rapid appreciation is the impact on Stamp Duty especially when it comes to pre-construction properties. This is a situation that Cayman investors now face more […]

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