October 21, 2021
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 […]
October 7, 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 […]
September 24, 2021
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 […]
September 9, 2021
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 […]
August 26, 2021
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 […]
August 12, 2021
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 […]
July 29, 2021
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 […]
July 15, 2021
Last week at the Chamber of Commerce lunch the Cayman Islands premier outlined the Cayman Islands reopening plan. This was a highly anticipated announcement and the entire country and those looking to visit were keen to hear the government’s plans to reopen and move forward. Reopening phases Right now, we are in Phase 1 (Reduced […]
July 1, 2021
It will be no surprise to anyone that the real estate market in the Cayman Islands and throughout much of the globe is booming. From the impact of new construction and the related costs for development which I spoke about last week to a record-setting price for a single-family home in the Cayman Islands, the […]
June 24, 2021
As I’ve mentioned in several articles, housing prices are continuing to increase in the Cayman Islands, as well as in much of the world due to several reasons. In addition to the many factors I’ve previously touched on including the work-from-home movement, a desire to live outside of major metropolitan markets, and many homeowners re-evaluating […]