While my focus in past real estate market news updates has been on luxury beachfront condos, in this monthly report I’m concentrating on a particularly interesting section of Caribbean real estate: that of Cayman’s luxury residential homes.
News
The future of Cayman is bright
The future of Cayman is bright when it comes to our real estate industry. In recent years we have built a very strong foundation for this country which is now reaping benefits for those who have invested wisely when it comes to real estate, and will continue to do so for the foreseeable future, in my opinion.
Important changes made to Immigration rules
People looking to move to Cayman need to keep abreast of immigration legislation to ensure their move is smooth and straightforward. This article highlights some immigration law changes that could impact your move to Cayman.
Real estate issues: The question of setbacks & the issue of valuations
I have been troubled of late by two issues that have caused concern within the Cayman Islands real estate industry, the question of setbacks and The issue of valuations.
Why buy real estate in the Cayman Islands?
There are so many more reasons why people choose to invest in Cayman real estate. If you are looking for a purely financial investment, then you would be hard-pushed to find another jurisdiction comparable with what we have to offer. It is a well-known fact that investors like stability and we have an extremely stable governance…
New government, same challenges
As I write this update we are about to go into another election that will determine Cayman’s fate for the next four years.
May 2017 Update
Last month I mentioned a brand new development that would be taking shape at the old Pageant Beach location, a beautiful spot right next to The Wharf restaurant.
Look further afield than Seven Mile Beach for new waterfront properties
As I have said in quite a few recent updates, inventory along the prized Seven Mile Beach corridor has reduced dramatically over the course of last year and the beginning of this year, in particular, new homes, of which there are a limited number right now.
Conference highlights
The Royal Institution of Chartered Surveyors (RICS) held their third conference in the Cayman Islands last month, and they highlighted some interesting points that I thought would be worth discussing further in this market update.
Still opportunities to be had in a seller’s market
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.