News

RE/MAX Sales Associates and Staff have once again stepped up to the plate in a fight against senior hunger, with their donation to Meals on Wheels.

In honor of Brenda Tibbetts-Lund who passed away almost 15 years ago, The RE/MAX Cayman Islands friends and family joined forces with hundreds of participants to walk the Brenda Tibbetts- Lund memorial 5K walk/run held annually during the month of October in her memory.

Looking to Cayman’s future, resilience after hurricane Ivan, upswing in condominium sales along Seven Mile Beach, Grand Cayman especially at the lower end of market

The Guardian of the Reef sculpture is scheduled to be sunk in January off the coast of West Bay, offering another dive attraction in Grand Cayman.

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.

New airport in the works for the Cayman Islands.

Health City Cayman Islands has officially received its international accreditation, opening up the East End hospital to more medical tourists from North America and Europe.

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.