Topic: Property Cayman
Mortgage practices and housing incentives hurt Caymanian buyers, say realtors
Delays in processing incentives, such as stamp-duty and pension withdrawal, are delaying mortgage approvals for first-time Caymanian homebuyers, say realtors.
Realtors unworried as Parliament approves 10% luxury property stamp duty
Realtors remain sanguine as parliament approves a stamp duty increase for land and properties worth $2 million and above that takes effect on 1 Jan. 2026.
Q2 real estate sales still up despite properties taking longer to sell
Cayman homes are taking longer to sell because of worry over the future at home and overseas, a real estate expert has said.
Cryptocurrency taking off in Cayman for aircraft and house sales
Payments in cryptocurrencies through Cayman-based businesses are becoming more common and increasingly used in real estate transactions, experts have said.
Business in brief: Grant Thornton, Property Cayman, Loeb Smith, Saffery Champness, DCI
Grant Thornton Cayman Islands presented the Cayman Islands Humane Society and the YMCA of the Cayman Islands with a cheque for more than US$10,000 each, raised at its annual golf event.
Real estate market reaches almost US$1 billion in sales in 2022
Despite seven interest rate hikes by the US Federal Reserve, 2022 was the second most active year for property sales in the Cayman Islands as the average value per transaction reached a new peak.
First real estate sale using crypto in Cayman
Parallel Limited has brokered the first real estate transaction in cryptocurrency in the Cayman Islands, involving a private residence that sold for more than US$5 million.
Real estate industry: ‘Luxury property a low-impact alternative to mass-tourism’
Luxury property development has a key role to play in the future of the Seven Mile Beach corridor and in driving Cayman’s economy, real estate industry insiders believe.
Business in brief
The Chamber of Commerce has launched its Leadership Cayman 2021 programme, with the application deadline Friday, 27 Nov.
