News

Mid-market scarcity on the beach and a word on Cuba.

The Cayman Islands is better positioned to police terrorism financing than the U.S., an American congressional subcommittee heard Wednesday.

RE/MAX Sales Associates and Staff recently presented a donation of one thousand dollars to Michael Myles, Coordinator of At-Risk-Youth in the Cayman Islands, in support of his ongoing efforts to establish and expand an Extended After-School Programme (EASP).

Cayman Islands real estate market holds firm in 2014. The WaterColours, Seven Mile Beach, High demand for canal front property in Seven Mile Beach corridor, Grand Cayman.

More than 12,000 people have gained Caymanian status or permanent residency since 2008, according to government data.

As published in the Cayman Compass – January 16, 2015 Miniature flags representing Cuba and the U.S. are displayed on the dash of an American classic car in Havana, Cuba. The Obama administration is putting a large dent in the U.S. embargo against Cuba as

The recently released IRR Viewpoint Caribbean Market Update 2016 Annual Report, written by James V. Andrews of Integra Realty Resources Caribbean, highlights some interesting discussion points when it comes to the state of Caribbean economies, especially in relation to real estate.

As recently as October 2015 I wrote how I saw the $2 million plus area of the residential homes market as remaining a difficult one for buyers to sell their properties in the short term. These properties are not moving anywhere near to the degree of other inventory, I wrote. Indeed, only ten homes of $3 million and above had been sold over the past three years. However, I also noted that I felt the market was about to change: Going forward, however, I see this becoming less of an issue. This is because desirable parcels of land are becoming increasingly less available. I went on to say that I believe as a result there will be a shift in the coming months and properties in the $2.5 million region will become a lot more appealing.

The total investments of non-residents in local financial assets was estimated at $119.3 billion by the end of 2014, according to a new report from the Economic and Statistics Office.

Cruise ship passengers still will not be able to gamble within Cayman Islands territorial waters next year, but gambling will be allowed on ships flying the Cayman Islands flag for the first time.