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 […]
June 10, 2021
The real estate market in the Cayman Islands has changed substantially since the beginning of the global pandemic in March 2020. Much like the US and Canada, as well as other countries across the globe, the real estate market in the Cayman Islands has been thriving except for a slight decline during our lockdown from […]
June 8, 2021
Source: Cayman Compass Cayman’s real estate market is booming. Despite the pandemic, market activity last year was only slightly below that of 2019. This year, real estate sales are “off to the races”, said RE/MAX broker/owner James Bovell. Property transfers during the first four months of 2021 have significantly exceeded the same periods in previous […]
June 8, 2021
Source: Caymanian Times Cayman’s continued closure of its borders could detrimentally affect its real estate prices as possible purchasers turn to competitor jurisdictions for investment, a roomful of property professionals heard last week at the 2021 RICS Cayman Chapter Real Estate Forum. The Forum, organised by the Royal Institute of Chartered Surveyors (RICS), was supposed […]
May 27, 2021
Cayman kindness Besides our tropical climate and stunning beaches, I’m often asked what makes Cayman so special and the answer is simple – the people. The people of any community or country can make or break its success and in Cayman’s case I’d have to say that it’s the people who make it so great. […]
May 20, 2021
The end of stamp duty assignments As of June 30th of this year, the stamp duty assignments deal comes to an end and it will not be extended. This change has both positive and negative ramifications on Cayman’s real estate market. On the positive side, and as was mentioned at the latest government press conference, stamp […]
April 29, 2021
In previous articles I have made mention to a variety of attributes that make Cayman so appealing as a place to live either full or part time. From its safety to its pristine clear seas to the education and healthcare systems to its strong government and more, the Cayman Islands are a very special, first-class, […]