News

Scotts built marina on sheer will As published in the Caymanian Compass http://compasscayman.com/caycompass/2012/12/07/Scotts-built-marina-on-sheer-will/ By: Jewel Levy | jewel@cfp.ky 07 December, 2012 Scotts Marine celebrated its services to the community during a Chamber of Commerce Business After Hours event last week. The George Town Barcadere event

US housing market in recovery. Cayman real estate market shows increased sales of larger, luxury condominiums along Seven Mile Beach. Prices of smaller houses and condominiums stable.

More real estate development planned along Cayman Islands Seven Mile Beach

Bermuda is one of three new entries on France’s blacklist of uncooperative jurisdictions.

New residential phase ready for launch

Paving equipment sent to Cayman Brac from Grand Cayman in 2010 remains on the smaller island and may never be sent back, depending on how government decides to proceed, Works Minister Kurt Tibbetts said Friday.

The National Roads Authority says it is concerned traffic delays on the Esterley Tibbetts Highway abutting Camana Bay will shift to the Lawrence Boulevard roundabout after the Dart Group widens the road through its development if the section south of the roundabout is not widened to four lanes as well.

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.