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 […]
April 21, 2022
Pricing your home correctly is one of the most important factors when selling your property. Many sellers think that in a robust, sellers’ market, as we are in right now, that they can list their home above market value and thus at a higher price and therefore make more money on the sale. Unfortunately, this […]
April 6, 2022
As several of my previous Cayman Islands real estate market reports have stated, the real estate market in the Cayman Islands, much like much of the globe, is booming and this trend is continuing into the beginning of 2022. In fact, now that our borders are fully opened, flights and thus visitors are returning to […]
February 23, 2022
It was only 2 weeks ago that I outlined the details of Phase 5 of Cayman’s National Border Reopening plan. Since then, there have been some further developments that I wanted to share all of which are great news for visitors coming the Cayman Islands. As of February 18, 2022, securely verified travellers are no […]
February 11, 2022
As I’ve discussed in previous articles, our borders opened on November 20, 2021, and visitors began returning to our islands. Effective January 20, 2022, the Cayman Islands moved into Phase 5 of the National Border Reopening Plan. I thought I’d take the opportunity in this article to discuss the specifics outlined in Phase 5, new […]
January 13, 2022
To say that the real estate market is booming in the Cayman Islands is an understatement. In 2021, for the first time in our history, sales exceeded $1.054 billion. I thought I’d take this opportunity to provide a recap of the Cayman Islands real estate market in 2021 with respect to inventory, transactions, and volume, […]
December 23, 2021
Since our borders opened on November 20, we have begun to welcome back visitors to the Cayman Islands. As was expected we are not seeing a huge influx of tourists due to the limited flights available at this time and the fact that people cannot travel to our islands with children without being required to […]