News

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

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.

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.

Sales of High end property increase US Housing on the up Hotel Investments in Grand Cayman Watercolours update

Few sea front properties still available, act now before prices increase. Cayman Islands, a great place to live and raise a family.

Cuba still an emerging market.

The Cayman Islands Seven Mile Beach has been designated the worlds top beach vacation spot by the U.S. News & World Report.

Demand for canal front lots in Grand Cayman increase with immigration law changes. Commercial and retail plazas along West Bay Road – Seven Mile Beach stretch nears 100% capacity.

Following our analysis in the previous two months of the types of properties available on the Seven Mile Beach corridor, split by price range, this month I want to focus on high end single residential property and why I believe right now the environment is conducive for us to see greater movement in this area of the market.

As we transition into the new year, I am excited at the prospects for Caymans real estate industry for the coming twelve months because we will be building on an already strong product that just looks to strengthen even further in 2016.