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.
News
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.
Why buy a condo on Seven Mile Beach?
Put simply, buying a condo on Seven Mile Beach is a great investment! But I would like to delve a little deeper as to why buying property along this highly sought-after stretch of real estate is a smart move.
New brands equal new life for Cayman’s real estate industry
Whether it’s the four-star Kimpton, the four-star Margaritaville or possibly even the five-star Four Seasons brand, new brands launching in the Cayman Islands entering our marketplace are all very good news for Cayman’s real estate industry.
Population growth means growth for our islands
The Economics & Statistics Office (ESO) provides a wealth of information on the Cayman Islands and recently issued some new reports that are worth discussing, in particular within the context of the real estate industry.
A look at canal front living
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. While it has been a challenge to pull useful data, according to statistics from the Cayman Islands Real Estate Brokers Association (CIREBA), there were 21 canal front/view lots sold from 1st January to 29 August 2015.
Cayman’s economy grew 2.4% in Q1
Led by construction, real estate and financial services, Cayman’s economy grew in the first quarter of this year, according to a report released recently by the government Economics and Statistics Office.
PR fiasco could harm real estate environment
We have some important topics to deal with in this country in the coming months, and if we don’t approach them correctly, I fear that Cayman might be heading towards a dangerous environment, and when it comes, the real estate industry, which has shown pleasing growth over the past two and a half years, may falter as a result.
Camana Bay roadwork approved
Major changes to the road network around Camana Bay, including moving a section of the highway and building a new underpass, have been approved by the Central Planning Authority.
Economic impact of Cayman Enterprise City continues to grow
Caymans special economic zone, Cayman Enterprise City, reported that companies operating in the zone and their staff had a $23.6 million impact on the local economy this year.