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Statistics round up 2011 is turning out to be an active year for property transactions when compared to 2010, with active listings totaling 2094 for the year to 30th November, versus 2005 for the same period last year, an increase of 4.44 per cent. The

Pension Opt out, statistics round up and new developments with the Cayman Enterprise City.

Statistics round up Sales volumes for 2011 continue to improve on the same period (year to 30th September) last year. 110 residential properties sold this year to 30th September, up from a figure of 79 from last year. Likewise, sales of condominiums increased, from 206

J.D. Power and Associates 2011 Home Buyer and Seller StudySM recognised RE/MAX as the company with the best customer service for both homebuyers and sellers.

Activity in Cayman is Improving Although there is still a large amount of inventory available for purchase in specific areas (namely two and three bedroom inland town houses), there are very few new developments coming on line to compete with existing inventory. Aside from the

Interested in calling the Cayman Islands your home? Read here for more information about Cayman Islands residency.

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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.