Letter to the Editor
Now that we have a budget and there will be no expat tax, Cayman real estate sales should start to see some upswing in people buying land, for as we all know things did not look good for Cayman in this very important area.
Sales in the market had dipped too low and since this is a market that is driven by investors, we can now look forward to a positive rebound. Hopefully this will also be so for the rest of the Islands. We must do all what we can do to keep this Island on the upswing position. For we have come too far too hard to fall down now. We must invite investors to our shores that are good for the people of our Islands and for our Islands, but always be careful of the wrong types of investors that are selfish and greedy and mean us all no good.
Our real estate market and its agencies and agents have done well for Cayman in the past. They have played a very great role in the uplifting of Cayman, so let us give them support so that we can start to see some betterment and a positive uplift in the real estate market.
Now we would also like to see the banks playing their part in this by making some loans possible to the people. We need to get the cash flow going, so all you real estate agents, I think it’s time you turned on the deal switch and get the market moving.
For those of you that want to buy, the time is so very good right now for you can get a good deal, so call an agent today and get the ball rolling.
As we all know, now the only place the Cayman Islands can go is up. We cannot go any lower than we have been for the last couple of years, so let us grow Cayman better and better. And give two thumbs up for real estate in Cayman and its future.
Emile S. Levy
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My wife I have no interest in the Cayman real estate market until we will be allowed to come and go as we please, and to STAY for as long as we want to.
Sounds positive. We need foreign investment to get The Cayman Islands back on the map. There are only so many locals who can buy land/property so a little help from other sources can only be good. It can kick start the market which is what the islands need right now.
Investment in the Caymans was spurred by people who sought safe haven from out-of-control tax and spend governments in their own countries. Unfortunately, our Government is chopping at the bit to institute the same tax and spend policies that drove investment to the Caymans. We now have data management laws that further restrict free flow of markets and money. Our government wants its finger in every part of our lives. The future of drawing investment to the Caymans is bleak indeed if our leaders continue down this road of bigger government. I’m afraid the glory days in Cayman are quickly coming to an end.