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Topic: real estate
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 in some neighbourhoods have almost tripled in the past five years, according to data reviewed by the Cayman Compass.
Significant interest from staycationers is fuelling a property investment boom on the Sister Islands and sparking concern over potential development.
What exactly does your money get you in each district? Property Cayman, a member of the CIREBA, breaks down the numbers.
A succulent garden at Pedro St. James, which is filled with a large variety of plants, mirrors Cayman’s heritage.
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.
Lalique Point home embraces modern living with a nod to Caribbean tradition.
Before you even walk into Rene and Leif Ristimaki’s North West Point home it’s clear this isn’t your standard house.
More than a year ago, during the midst of a coronavirus lockdown, hardly anyone predicted that property prices in Cayman would continue to rise.
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.
Cayman’s booming real estate market will be put under the microscope during an industry conference at the Marriott resort next week.
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.
Emergency pension withdrawals and international buyers boosted the local real estate industry in 2020.
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 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.
Even if you haven’t heard of Davenport Development, odds are good you’ll be familiar with its many successful projects.
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.
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.
Jennifer Godfrey encounters a surprise in her garden just about every day.
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.
After buying a parcel of canal-front land in late 2005, Antje and Phil Harper set out to design and build their own home.
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.
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.
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.
When Taraneh Duval was looking to design a nursery for her son Tristan, she drew inspiration from four watercolour images of animals she loved.
Lori-Ann Foley knew she was in for a challenge when she decided to upgrade and expand the family 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.
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.
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.
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...
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.
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.
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.
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.
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.
Buying a new home in the Cayman Islands is about to get more expensive – at least for some.
This month I would like to share a short lesson in the art of selling a property, a kind of “Real Estate 101.”
I had a very good response to last month’s article, on the disparity between what $2 million and above residential homes are often put on the market for, versus what the owners eventually are likely to receive for their sale.
The first six months of this year have just closed, so I thought it would be a good point in time to reflect on how the market has progressed in 2018 so far, while at the same time offering readers a glimpse into what’s moving and shaking the real estate industry in the months ahead.
While not new to Cayman’s market, it has evolved into being much more service based as visitors want larger places and more services in many aspects.
Is over-supply on the horizon? This is one question that I’m being asked with increasing frequency by investors based overseas, as people take in the scale of development currently happening in Grand Cayman.
As I have discussed in these updates over the years, tourism and the real estate industry are closely interlinked in the Cayman Islands, as tourism brings in new visitors to the island who frequently then fall in love with the islands and decide to buy a second home here.
From a $1.4 million South Sound mansion to four two-bed condos that sold for $95,000 each, real estate statistics show 73 foreclosure properties were purchased in 2017.
It appears that 2017 was probably one of the strongest years we have ever had in the real estate industry. Indeed, the past two years have seen an extremely strong and active market with high demand and slowing inventory.
A new beachfront “healing resort” featuring dome-shaped guest villas is planned for the old Mariners Cove site in Prospect, which was swept away during Hurricane Ivan.
Realtors are pointing to the US$12.5 million sale of the seven-bedroom Coconut Walk residence in West Bay as the most lucrative in Cayman Islands’ history, outpacing the previous $7.9 million record.
An American federal district court has thrown out a lawsuit alleging fraud against Cayman Islands real estate brokerage firm RE/MAX after a judge found the matter could not be properly heard in that jurisdiction.
At this time of year, it is good to reflect on the sales year-to-date. Reviewing the statistics produced by the Cayman Islands Real Estate Brokers Association (CIREBA) helps to formulate my opinions on the real estate market going forward.
Now that Cayman has elected a new government that will determine the territory’s fate for the next four years, there are issues I would like to highlight as crucial to the success of Cayman’s real estate industry.
The outlook for the market in the Cayman Islands still looks positive for 2017 and onward, according to a report this week from the Cayman Islands Real Estate Brokers Association. “The rental market is growing along with the population of the islands."
Happy New Year! I would like to begin my updates this year with an over-arching look at the current state of Cayman’s real estate market. We begin this new year buoyed by the successful performance over the past 12 months of Cayman Islands real estate, which has strengthened significantly in most areas.
Put simply, buying a condo on Seven Mile Beach is a great investment. But I would like to delve a little deeper as to...
A U.K. pension administrator is suing Crown Acquisitions Worldwide, alleging the real estate developer took its money for several land lots in a Little Cayman subdivision and failed to transfer the land or get plans approved for homes.
As Cayman’s first 10-story buildings opened on Seven Mile Beach on Tuesday, Opposition Leader McKeeva Bush called for developers to be allowed to build higher.
Whether it’s the four-star Kimpton, the three-star Margaritaville or possibly even the five-star Four Seasons brand, new brands launching in the Cayman Islands and entering our marketplace are all very good news for Cayman’s real estate industry. In addition, broadening our brand offering when it comes to new resorts is very important for the islands as a whole, for a number of reasons.
This month I thought I would focus on a particularly interesting sector of the market, that of canal-front or canal-view homes and lots.
Regular readers of my monthly updates will know that we like to periodically take an overview of the statistics produced by CIREBA, the Cayman Islands Real Estate Brokers Association, the entity charged with overseeing Cayman’s real estate industry. These statistics, especially when viewed within a historical context, always make for interesting reading and point to current market trends.
It’s very simple: The real estate industry benefits from those who become permanent residents.
The widow of Grand Harbour developer Mike Bell has outlined plans to fulfill his dream to complete a major residential, retail and restaurant development at the site.
Government officials are going after millions of dollars in unpaid taxes on rental properties.
The “Panama Papers” episode has brought into sharp focus the need for the Cayman Islands to up the ante when it comes to promoting exactly why this jurisdiction is so successful as far as financial services are concerned.
The Ritz-Carlton, Grand Cayman developer Michael Ryan is back in the development business in Cayman, this time teaming up with realtor/developer Dale Crighton to build a luxury oceanfront development on South Church Street.
The Dart group has officially taken ownership of the former Hyatt properties, the Grand Cayman Beach Suites and the Britannia Golf Club.
A planned area development application, including a hotel, marina, restaurants and retail properties in Cayman Kai, has resurfaced, with the developer hoping to begin work on the first phase of the project next year.
The recent news that the Cayman Islands government has finalized plans to establish a new regime for sharing information with U.K. law enforcement with regard to the beneficial ownership of companies in Cayman should be welcomed by all.
Demolition crews have been working at the Spanish Bay Reef Resort site in West Bay, clearing buildings that have sat vacant for almost nine years.
In a rare court ruling concerning a planning dispute over a proposed apartment development along Grand Cayman’s Seven Mile Beach, a Grand Court judge has questioned planning regulations that, heretofore, have allowed for the development of structures higher than seven stories in hotel/tourism zones.
An environmentally friendly housing development, featuring 85 homes, is planned for Grand Harbour.
Plans were submitted Friday for an 18-hole Arnold Palmer-designed golf course in the eastern districts of Grand Cayman.
The first Olympic-length swimming pool in the Cayman Islands was unveiled and filled on Wednesday.
Britain’s economy may be growing at a faster rate than its European counterparts, but there are two statistics that ought to give concern: London’s stratospheric real estate prices and the country’s current account deficit.
The recently released IRR Viewpoint Caribbean Market Update 2016 Annual Report highlights some interesting discussion points when it comes to the state of Caribbean economies, especially in relation to real estate.
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