News

The month of June saw healthy increases in transaction volume over the previous month and also the previous year-to-date. Transaction volume was up 139% on the month and up 25.8% on the year, while the average price of properties that sold was US$411,165, which is up by 39% on the month.

One area of the real estate market that has been exasperated by the governments seven year term limit policy (commonly known as the rollover) has been the price range under US$500,000.

May 2011 saw a good deal more activity for RE/MAX as a whole than May 2010, with volume of transactions up 25%, a reflection of the market as a whole as the Cayman Islands Real Estate and Brokers Association (CIREBA) also had a better month.

The Cayman Islands is a choice destination for executives to reside, for the same reasons that investors choose to purchase property in the Islands.

Writing my success story would not be complete without looking back.

Purchasing a property in the Cayman Islands is generally a straightforward process.

Its no secret that ripples created by the worldwide financial crisis are gently lapping on the shores of the Cayman Islands, affecting the price of real estate here perhaps not to the same extent as in parts of the United States but the impact is nevertheless undeniable. Yet, interestingly, a slow market, for some people, holds the key to the treasure chest of future financial security.

As a realtor in Cayman, the first question I ask when a buyer from abroad walks through the door is: why do you want to buy here?

Being a real estate agent in this part of the world frequently takes on interesting dimensions. One of my more satisfying tasks recently was to help a young family relocate to Cayman.

Find out a little more about James in this exclusive interview from Inside Out magazine.