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.
News
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.
A Dinner Conversation with Mark VanDevelde
Dart Realty’s Chief Executive Officer Mark VanDevelde is the point man in negotiations involving one of the most far-reaching deals the Cayman Island Goverment has ever entertained. The Journal discussed that deal and other matters concerning the Dart Group with VanDevelde over dinner at Camana Bay’s Abacus restaurant.
September 2015 Market Update
A recently published Caribbean Market Update, produced by Caribbean-based Integra Realty Resources, has offered good news for the Caribbean economy, noting a general improvement in tourism for the region, as well as a gradual improvement in real estate sales and an increase in foreign investment into our area.
New airport road opens
A new stretch of road has opened connecting the airport directly to North Sound Road, bypassing Industrial Park. Plans for the short connector road were gazetted more than a decade ago. The work, which began in late May, was completed this month.