Topic: real estate
Dart seeks next generation of Caymanian property professionals
Dart has launched a new graduate programme designed to help more Caymanians build careers in the real estate sector.
Updated fees in effect for accounting firms, realtors and property developers
Updated fees for accounting firms, realtors, property developers and exempt companies came into effect on 28 April.
Cayman condo prices rise while yields fall in ‘mixed’ market
Provenance Properties data shows a 10% increase in Cayman condo prices, while rents rose by just 1%, which meant yields fell.
Cayman’s tallest building offers alternative model for George Town development
The 11-storey ONE | GT hotel breaks with the traditional Seven Mile corridor hotel development model and is a rare success in ongoing efforts to revitalise the city centre.
Real estate industry absorbs impact of stamp duty increase
Cayman’s new top tax rate for high-end properties is likely to have some initial cooling effect but no drastic long-term impact on the islands' property market, realtors believe.
Businesses react to hikes in government fees
There was a mixed reaction from Caymanian business community, following higher fee levels announced by the government late on 14 Nov.
Condo prices rise amid slowing sales
Values for Caymanian condominiums, land and rent rose at low single-digit rates over the first three quarters of the year, according to the latest report from Provenance Properties.
Cayman property market split in two
Cayman’s mid-range residential property market has seen both prices and transaction volumes cool in recent years, yet the luxury segment continues to outperform.
Government launches Cayman property price index
On 25 Sept., the Lands and Survey Department presented the Residential Property Price Index to the Cayman Islands real estate industry.
Homeowners continue the trend of spending on their homes
The trend that started earlier this decade of homeowners spending more on their homes has continued, local realtors have said.
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.
Capital investment firm focusing on Cayman real estate
A rebranded property investment firm has predicted a flood of new residents fleeing uncertainty in the US and Europe could boost Cayman's economy.
Prominent realtor sounds alert on rental scams
A prominent local real estate agent has warned people to beware when on the hunt for rental properties — and to make sure they only deal with reputable professionals to avoid being caught out by a scam.
Six acres of prime George Town real estate on market for US$29.5 million
The chance to shape the future of George Town could be yours – if you have a spare US$29.5 million for the prime real estate.
The real estate revolution: How technology is transforming the market
By: SHEENA CONOLLY
CEO, BROKER/OWNER, CAYMAN ISLANDS SOTHEBY’S INTERNATIONAL REALTY
Incredible changes in technology have taken place in my 25-plus years in Cayman real estate.
It has...
Cayman realtors defend high commissions as pressure builds
Cayman home owners can avoid punitive commission rates by “selling their property themselves” one of the islands' top realtors claims as pressure builds on brokers to compete on pricing.
Fewer sales, rising rents, but positive signs for property market revival
Rent has increased and property sales have declined but Cayman's property market has largely weathered the storm of rising interest rates, according to a market report for 2023.
New realtor association promises fair competition amid price-fixing scrutiny
Seeking to inject competition on commissions into Cayman’s real estate market amid price fixing concerns, a group of independent realtors are forming a new industry association.
Special report: Spotlight on real estate ‘price fixing’ concerns
In a recent US court decision, real estate associations were found to be conspiring to fix commission rates, limiting consumer choice in a competitive market. This ruling may significantly impact the way homes are bought and sold in the United States and could also have consequences for the real estate market in the Cayman Islands, where similar rules are in place.
Using a realtor brings a wealth of benefits
In today's real estate market, using a professional Cayman Islands Real Estate Brokers Association (CIREBA) realtor when buying or selling a property is crucial.
New partnership opens door to crypto property loans
A partnership between bitcoin banking platform Ledn and crypto real estate broker Parallel will enable people to buy property in Cayman using cryptocurrency.
$350M Redevelopment Green-Lighted
With an overwhelming show of support, the owners of Lacovia have given their resounding approval for a $350 million redevelopment project, securing a bright future for this prominent landmark.
Mini market overview 2022/2023
The Cayman Islands property market continues to go from strength to strength and has historically proved itself to be buoyant in the face of...
The Agency Welcomes Fleur Coleman as Broker/Owner
The Agency Real Estate arrived in the Cayman Islands in 2022 as the 38th office worldwide and the second Caribbean location, bringing the resources of this powerful global brand with its commitment to personalised luxury service to the island. Now, Cayman native Fleur Coleman joins its ranks as a Broker/Owner alongside Stefan Cohen, with the duo working under The Agency to revolutionise the local luxury market.
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.
Sell your home with tips from Staged
When it comes to selling your home, a buyer’s ability to envisage being in a beautiful space goes a long way.
A home on the Sound
This three-bedroom home is beautiful inside and out, with bay windows overlooking the North Sound, and creeping fig blanketing much of the exterior.
Real estate 2022 and beyond
As a 21-year veteran of real estate in the Cayman Islands, I’ve had the opportunity to experience many ups and downs in our market. From the events of 9/11 and the emotional turmoil created for all of us due to the devastation and uncertainty that Hurricane Ivan created locally for our businesses, and onto the financial meltdown of 2007-2008.
Cayman Islands real estate market ‘normalising’
The Cayman Islands real estate market is cooling down, but not by much.
Sustainability issues abound in property development sector
The surge in development has prompted a debate about the sustainability of the property sector’s success, its impact on natural resources, infrastructure and future generations.
Corcoran welcomes latest affiliate in Cayman Islands
Corcoran Group, LLC today announced its continued expansion by welcoming its latest Caribbean affiliate with the launch of Corcoran Cayman Islands, owned and led by Paul Young.
$1.43 billion in real estate transactions bring record government revenues
Cayman’s real estate market broke many records last year, as both the number and the value of property transfers set record highs.
Beachfront Art House
Building her dream beach house is the biggest art project ever undertaken by Avril Ward.
Home Sweet Home
When Anna Hislop began renovating her newly purchased home, she had no idea it would change the course of her life and launch a new career.
Caribbean Flavour
Tomfoodery Kitchen & Bar describes itself as ‘local-ish’. That’s apparent on the menu – and in the fast-casual restaurant’s décor that boasts a decidedly island flavour.
Women thriving in Cayman’s real estate market
Real estate can be a demanding business, but for Debi Bergstrom, it’s allowed her to forge her own path.
Record collection of stamp duty in second quarter
Government stands to collect almost $34 million in charges and stamp duty from land and property transfers in the second quarter of this year.
House prices have increased exponentially in last 5 years
House prices in some neighbourhoods have almost tripled in the past five years, according to data reviewed by the Cayman Compass.
Surge in property sales on the Sister Islands
Significant interest from staycationers is fuelling a property investment boom on the Sister Islands and sparking concern over potential development.
What can you get for your money?
What exactly does your money get you in each district? Property Cayman, a member of the CIREBA, breaks down the numbers.
Symbolic Succulents
A succulent garden at Pedro St. James, which is filled with a large variety of plants, mirrors Cayman’s heritage.
Architect John Doak – Definitive Cayman Style
To meet John Doak, a soft-spoken Scotsman with a dry sense of humour and somewhat laidback nature, you would perhaps not imagine that he is a foremost authority on Cayman’s historical buildings.
Inspired by Design
Lalique Point home embraces modern living with a nod to Caribbean tradition.
Soulshine
Before you even walk into Rene and Leif Ristimaki’s North West Point home it’s clear this isn’t your standard house.
Why did property prices rise during the pandemic?
More than a year ago, during the midst of a coronavirus lockdown, hardly anyone predicted that property prices in Cayman would continue to rise.
Red hot property market sees record sales
Property transfers during the first four months in 2021 have significantly exceeded the same periods in previous years both in terms of the number and the value of transactions.
How long can Cayman’s real-estate boom last?
Cayman’s booming real estate market will be put under the microscope during an industry conference at the Marriott resort next week.
Welcome to The Meadows at Batabano
A new development in West Bay is rolling out the welcome mat for a townhome community that embraces stylish living with a nod to Caymanian tradition.
2020 property market stayed hot despite lockdown
Emergency pension withdrawals and international buyers boosted the local real estate industry in 2020.
The stick house
Bursting with art, creativity and authenticity, the seaside home of Kay and Carl Smith is the kind of place where everyone is made to feel welcome.
A seaside home with Caribbean soul
A drive along South Sound road, in the vicinity of the Cayman Rugby Football Club, doubles as a sightseeing tour of some of the most impressive edifices on the island.
Davenport Duo
Even if you haven’t heard of Davenport Development, odds are good you’ll be familiar with its many successful projects.
Contemporary Upgrade
When a three-bed, three-bath condo at Britannia came on the market, Michael and Lexi Binckes knew it was the perfect space to call home.
Peace at Parrot Ridge
Landscaping is recognised as playing an important contribution to the well-being of patients, with Parrot Ridge beside Health City Cayman Islands being no exception.
South Sound Sanctuary
Jennifer Godfrey encounters a surprise in her garden just about every day.
Joint venture partners to develop townhomes
Proven REIT has partnered with Infinity Capital Partners Limited in a joint venture to develop about one acre of land on the canal at Omega Drive that will offer exclusive waterfront living.
A big addition to a tiny home
After buying a parcel of canal-front land in late 2005, Antje and Phil Harper set out to design and build their own home.
With the sea in sight
Situated on the edge of a sweeping swathe of sand on South Sound, John and Dina Foley’s home at TIDES is connected to the sea on every level.
Beautiful Blue
The 2020 Pantone colour of the year, Classic Blue, is a Caribbean designer’s dream. Whether you’re a professional, or just love decorating, the colour complements the islands’ sea and sky, bringing this versatile and bold hue straight into the home.
Biophilia: Connecting with nature
Health benefits associated with engaging with nature have long been a matter of interest. Studies show the positive impact that time spent outdoors, and the incorporation of greenery in residential spaces, has on our mental and physical health.
Animal Inspiration
When Taraneh Duval was looking to design a nursery for her son Tristan, she drew inspiration from four watercolour images of animals she loved.
Reinventing spaces
Lori-Ann Foley knew she was in for a challenge when she decided to upgrade and expand the family home.
Refresh Your Home
If you feel your home needs a little refreshing but you don’t want to break the bank in doing so, there are some simple and inexpensive ways to spruce it up.
Bringing Nature Indoors
As you walk through the doors of OceanMed, you may wonder if you’ve just entered a luxurious spa — and that is completely by design.
Property: A statistical analysis
This time of year is always a good time to compare statistics, in order to give a feel of where the market is heading for the year ahead and beyond.
Cayman properties scoop sustainability, design awards
NCB Group’s joint venture with Dart Real Estate, OLEA, received the Five-Star Award for Best Sustainable Residential Development at the USA and Americas Property...
Cayman real estate agent featured on HGTV
Provenance Properties Cayman Islands’ Sales Executive Ruth Gustafsson was featured on an episode of HGTV’s television show, House Hunters International. This episode, filmed in the Cayman Islands in February 2019, featured a New Jersey couple seeking a property in Cayman.
Property sales hit new record amid real estate boom
Last year was the best on record for the Cayman Islands property market with more than $800 million in total sales, according to a review by surveyors Charterland.
‘No place like home’: Cayman’s residential property boom
The Cayman Islands is a successful and well-known offshore financial center, as well as a popular tourism hot spot, but economic growth in recent years has been driven by an entirely different industry: construction.
Bovell: How to buy property
A recent discussion with a young Caymanian who is interested in buying property has led me to write this article, which reflects my views on how one ought to go about approaching the process of buying a property in the Cayman Islands.
Bovell: Economic data and its impact on the real estate industry
At the time of writing, the U.S. economy is anticipating another interest rate hike (predicted to happen before the end of the year), with two more expected in 2019.
Stamp duty change could impact development boom
Buying a new home in the Cayman Islands is about to get more expensive – at least for some.
