Cayman Real Estate Blog

Article Snapshot:

  • As the economy continues to improve, the number of foreclosures in the Cayman Islands are steadily declining.
  • According to the Cayman Islands Real Estate Brokers Association, in 2018 there were 67 forced sales on homes, land plots and businesses. In 2015, there were 116.
  • Jeanette Totten, President of CIREBA and owner of CLPG confirmed that the diminishing amount of foreclosures is directly related to positive changes in the economy.
  • With the property market running high, prices continue to rise in most sectors.
  • In order to avoid foreclosures, Totten suggests that homeowners who find themselves unable to make their mortgage payments should work to quickly sell their property.
  • Mike McWatt, managing director of Butterfield Bank stated that foreclosures are “a last resort,” and that Butterfield is dedicated to making “every effort to work with clients.”

    CLPG Celebrates Diminishing Foreclosures as the Economy Rebounds 2019-02-18 15:27:40
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A report titled “Fighting Corruption in the Cayman Islands” was recently released by Auditor General Sue Winspear.

Central Planning Authority Lacks Diversity – Auditor Calls for a Change 2019-02-11 14:46:37
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The Quiet Community of Cayman Kai

Starfish Point is a small beach in the quiet community of Cayman Kai. On any given day, dozens of starfish can be seen relaxing in the shallow waters.

Cayman Kai Residents Object to Starfish Point Plans for Public Toilets and Parking Lot 2019-02-04 14:50:57
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The Cayman Brac government plans to start construction on ten new government buildings in early 2019.

Cayman Brac Expands with 10 New Government Buildings Slated for 2019 2019-01-28 15:47:18
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2018 was a record-breaking year for tourism in the Cayman Islands.

Record-Breaking Increase in Tourism Leads to Controversy Over Airport and Cruise Progress 2019-01-21 14:46:42
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Cayman Islands and 20 other jurisdictions have been placed on a “blacklist” by the Netherlands.

Cayman Government Dismayed by the Netherlands Blacklist 2019-01-14 15:31:34
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Over 100 written objections were received by the Department of Environment regarding a recent application filed to create a swimming beach for cruise ship tourists off of Barkers peninsula.

Overwhelming Objections Regarding Barkers Plan Received by DoE 2019-01-10 06:28:26
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One of Grand Cayman’s last beloved beach bars is moving. The lease is coming up and it will be time to find a new location.

Calico Jack’s applies for Barker’s Beach Coastal Works 2019-01-02 14:56:21
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Government spending was recently questioned in the Cayman Islands and Tourism officials in the tiny island nation recently defended their decision to shell out over fifty thousand dollars of the public’s money.

Officials Defend Controversial Spending 2018-12-26 14:20:06
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Change is in the air for some of the current laws on the books relating to immigration in the Cayman Islands.

New Legislation to make it Easier to Attain PR (for a few people anyways) 2018-12-17 14:10:02
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Coming back home to the Cayman Islands after being overseas has just gotten a whole lot easier.

Changes at Cayman’s Airport 2018-12-10 14:22:28
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The Cayman Islands Government recently announced that it would attempt to take another look at a contentious Labour Relations Bill in the coming year 2019.

Labour Relations Bill, Hurricane Shelter, Misc. Items Getting A Fresh Look in 2019 2018-12-03 14:32:46
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The Cayman Islands Government recently rejected calls from the Legislative Assembly Opposition for a cruise ship pier referendum following intense debate on the subject. This adds yet another chapter in the long cruise ship berthing station project.

Cruise Ship Terminal Update 2018-11-26 17:16:17
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The actor Eva Amurrionce said that “a good teacher who can take the zero pay and help kids develop physically, emotionally, socially, is literally an angel”.

Investment in Education: New Policies and Spending for Cayman’s Schools 2018-11-19 14:30:11
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Get your ski boots and puffy coats ready Cayman! Cayman Airways has announced recently that a new route deal directly between Denver and the Cayman Islands has been inked and this paves the way for easier access to Colorado and the western United States en mass.

Cayman Airways Cracks Colorado 2018-11-12 14:29:43
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There’s been some tumult recently at the Cayman Islands Port Authority and problems seem to plague the workplace.

Port Authority Cleaning House 2018-11-05 14:16:35
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If you’re an invasive green iguana spending your days sunning yourself in the white sands of the Cayman Islands you are likely shaking in your little jade-coloured boots right about now.

Iguanas Beware: The Cull Cometh! 2018-10-30 00:44:23
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Things are getting tight down at the Cayman Islands Courthouse and space is limited. Recently there weren’t even enough spaces to try a day’s caseload.

Cayman Islands Courts Running Out of Room 2018-10-22 14:12:08
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