News

Investing in Cayman Islands Real Estate makes sound financial sense. Cayman has a competitive advantage over other off-shore jurisdictions, from real estate variety to advanced communications and amenities.

I estimate that there have been approximately 60 to 70 new properties built over the past year, or are committed to being built in the next year that are single dwelling, family residences in the US$1.5 million to just under US$3 million price range. These properties have been developed primarily in canal-front locations, from West Bay, along the Seven Mile Beach corridor and out to Grand Harbour.

Kimpton Hotels has begun the recruitment process for the newly named Seafire Resort and Spa on Seven Mile Beach, ultimately seeking to hire 300 staff ahead of its opening in November 2016.

New construction and development abounds. This month I thought it would be a useful exercise to highlight all the new construction and development projects that are currently taking place across the Cayman Islands, emphasising the fact that Caymans economy is currently in a very positive growth period.

New Article CoAs published in the Caymanian Compass By: James Whittaker | james.whittaker@cfp.ky 26 February, 2014 Hundreds of dignitaries gathered to hail the birth of a third pillar of Caymans economy and a new model for global healthcare at the official opening of Health City

First quarter CIREBA sales statistics, Creating a motivated work-force in the Cayman Islands, Airport expansion and port development, Public awareness c&aign, A question of property tax, Helping Caymanians with affordable housing, Alleviating the additional burden of closing costs on property deals, Questions for our political leaders.

Morritt’s resort in East End, Grand Cayman, Cayman Islands expanding.

James discusses the objectiveness of the new Cayman Islands Permanent Residency Point system but questions the fairness of the 5 year time frame used to calculate investment in property.

The first phase of a major multiyear project to redevelop roads around George Town is under way. Work began this week on widening Godfrey Nixon Way, which connects Eastern Avenue to the Esterley Tibbetts Highway and is viewed as a key route for traffic around George Town.

Developer seeks road extension East-West Arterial extension proposed alongside new golf course development