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Cayman Enterprise City campus gets zoning approval

Zoning approval has been granted for Cayman Enterprise Citys proposed c&us on a 70-acre site in South Sound. Long-term plans for a cluster of office buildings, homes, restaurants and a hotel surrounding a man-made lake have been outlined for the Special Economic Zone.

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August Market Update

Grand Cayman real estate sales for January to June 2014 increase 36 percent versus the same period in 2013. James Bovell recommends sale of government land to boost sales.

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Dart, beyond Camana Bay

In the 20 years since Kenneth Dart bought the land that has become Camana Bay, Dart Realty (Cayman) Ltd. and its associated companies have also been involved in many other real estate and development activities on Grand Cayman.

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Film festival gets two thumbs up

Attendees of the inaugural CayFilm International Film Festival praised the event which left many celebrity guests and attendees eager for next years encore.

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Ironwood commits to hiring locals

The developers behind the planned Ironwood golf resort have committed to a target of hiring a workforce of mostly Caymanian employees as part of a duty concessions agreement with government.

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Cruise line offers berthing deal

As published in the Caymanian Compass Monday 4 February, 2013 http://www.compasscayman.com/caycompass/2013/02/04/Cruise-line-offers-berthing-deal/ A cruise line has submitted a written proposal to the Cayman Islands government to develop cruise berthing facilities in George Town. Minister of Tourism and Development Cline Glidden told reporters Thursday that the government

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Cayman Airways adds flight to La Ceiba

Cayman Airways is increasing the number of flights this summer to La Ceiba, Honduras. The airline will fly three times a week from Grand Cayman to La Ceiba. Citing increased demand for summer travel between the two locations, Cayman Airways has added a Wednesday flight to its July and August schedules.

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October 2015 Market Update

A few years ago the MLS (Multiple Listing System/Cayman Islands Real Estate Brokers Association-CIREBA) members listed the total number of inventory (properties and land) for sale at around 2,200. Today, as at the time of writing (end of September) that figure has decreased dramatically to 1,572. This drop of approximately 30 per cent alone is a huge indicator of how the market has changed in recent years. We have gone from a high amount of inventory to a considerable drop, which will in turn drive up prices further, I believe, as there will be less choice for buyers, inevitably resulting in a sellers market.