Bovell REMAX Cayman Islands

Insights & Expertise

February 23, 2022

Removal of on-island COVID testing is a game changer

It was only 2 weeks ago that I outlined the details of Phase 5 of Cayman’s National Border Reopening plan. Since then, there have been some further developments that I wanted to share all of which are great news for visitors coming the Cayman Islands. As of February 18, 2022, securely verified travellers are no […]

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February 11, 2022

Lack of tourists and real estate in the Cayman Islands

As I’ve discussed in previous articles, our borders opened on November 20, 2021, and visitors began returning to our islands. Effective January 20, 2022, the Cayman Islands moved into Phase 5 of the National Border Reopening Plan. I thought I’d take the opportunity in this article to discuss the specifics outlined in Phase 5, new […]

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January 13, 2022

Cayman real estate hits record-breaking $1.054 billion sales in 2021

To say that the real estate market is booming in the Cayman Islands is an understatement. In 2021, for the first time in our history, sales exceeded $1.054 billion. I thought I’d take this opportunity to provide a recap of the Cayman Islands real estate market in 2021 with respect to inventory, transactions, and volume, […]

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December 10, 2021

The future of real estate in the Cayman Islands

Buying or selling a home is a significant milestone. Whether it’s that first-home buyer’s exciting moment of receiving keys, or a family move to the Cayman Islands, or finally buying that dream second home on the beach, these moments have long carried immense weight and importance in people’s lives. Yet in the current landscape, the real […]

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November 25, 2021

The Cayman Islands border is open

On Saturday, November 20, the Cayman Islands borders officially opened, and we are welcoming back guests from far and wide to enjoy our tropical weather, white sand beaches, crystal clear blue waters and so much more. As I’ve received several enquiries from clients and customers asking about how people can begin to visit the Cayman […]

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November 11, 2021

It’s the next decision you make that counts

Making the right decision isn’t easy, which is why for over 30 years our clients have relied on our expertise to guide them in buying, selling, and investing in real estate. Our approach to helping you make the right decisions comes from our astuteness, understanding of individuals’ needs, readiness to plan ahead for the unforeseen, […]

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October 28, 2021

Cayman border opens November 20

It’s official! Our borders are finally opening! It was announced Friday, October 22 by the Premier that the Cayman Islands borders will reopen on November 20. Not only that, but all quarantine requirements will be lifted for most vaccinated travellers, which is key in attracting visitors to the Cayman Islands. I thought I’d take this […]

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October 21, 2021

Global supply chain gridlock effect on Cayman Real Estate

Back in June 2021, I wrote an article that focused on construction material costs and availability as well as addressed two key factors that are contributing to the increase in overall property values in the Cayman Islands that particularly impacted new construction: building and shipping costs. In that article, I quoted a chief economist at […]

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October 7, 2021

Cayman Islands real estate market update Q3 2021

As we are already two thirds of the way through 2021, I thought I’d take this opportunity to do a deep dive into the Cayman Islands real estate statistics by not only looking at year-over-year numbers but comparing this same period to 2019 as well as the first half of 2021. I then look at […]

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