July 12, 2024
As we move into the 2nd half of 2024, I thought I’d take this opportunity to provide a recap of the Cayman Islands real estate market for the first half of 2024 with respect to volume, transactions, inventory, and overall pricing as well as provide some insight as to where I believe our market will […]
May 29, 2024
A serene tropical paradise located south of Cuba, The Cayman Islands has developed at a rapid pace, transforming from a quiet Caribbean outpost to a luxurious vacation spot. Its largest island, Grand Cayman, is where you’ll find yourself at the heart of the action. However, on its northwestern tip is a quiet nook that’s perfect […]
February 21, 2024
As we enjoy a bit of a slow down after the holiday season and before the annual surge at Spring break, I thought I’d take this opportunity to share some recent tourism statistics released by the Department of Tourism, as well as some updates on new hotel openings and how this impacts the Cayman Islands […]
November 23, 2023
As we welcome back thousands of visitors to our islands this U.S. Thanksgiving long weekend, I thought I’d take this opportunity to discuss the importance of high season and how if effects the Cayman Islands real estate market as well as explore some recent tourism statistics and showcase the number of flights heading to our […]
November 8, 2023
One of my recent articles focused on many of the changes in the Cayman Islands real estate market that are happening along Seven Mile Beach from the Grand Hyatt superstructure going vertical to the official announcement that the redevelopment of Lacovia has been approved by the current owners. It’s easy to see the changes that […]
October 25, 2023
The Bovell Team is proud to announce that Samiran Saha has joined their team at RE/MAX Cayman Islands as a Sales Associate. Samiran is deeply committed to ensuring a seamless and rewarding journey for individuals involved in buying or selling a home, recognizing it as one of life’s most significant decisions. At the heart of […]
October 12, 2023
As we get gear up for high season for the Cayman Islands real estate market, I thought I’d take this opportunity to dive into a market overview for Q3 2023 looking at solds, pendings and new listings as well as changes in the price per listing in these three categories and how inventory levels are […]
September 28, 2023
Last Friday we received the much anticipated and welcome news that Premier Wayne Panton announced a plan to raise the stamp duty exemption for Caymanian first-time home buyers, which was approved by the Cabinet on September 18th, 2023. Previously, the stamp duty exemption applied to residential properties valued up to $400,000 and to land valued […]
September 6, 2023
Over the last few weeks there have been some major announcements with respect to development and re-development along Seven Mile Beach in Grand Cayman especially with respect to new luxury condos for sale. I thought I’d take this opportunity to bring you some exciting news in this area. Lacovia The $350 million redevelopment of Lacovia […]
August 17, 2023
“Coming together is a beginning. Keeping together is progress. Working together is success.” Henry Ford If you’ve bought or sold property with the Bovell Team in the past, you will already know that behind myself and our two agents, Mabel McMillan and Claudia Subiotto, that we have a team of support staff working tirelessly behind-the-scenes […]