ERA Real Estate Blog

Article Snapshot: One of the oldest condominiums on Seven Mile Beach, the Lacovia complex is set to be demolished and replaced by a set of 3 new 10-story buildings. Opposite Lone Star Grill, the original building was built in 1981 and has fallen into a state of disrepair. After over a year of discussion, the 55 Lacovia owners agreed unanimously...

Article Snapshot: The National Roads Authority plans to revamp and widen Sand Point Road and Water Cay Road to meet their originally intended boundaries. When the road was placed in 1986 and 2004, the government could not afford the necessary material to complete the building plans. Although the roads are currently 20 feet wide, the NRA plans to extend the...

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...

A report titled “Fighting Corruption in the Cayman Islands” was recently released by Auditor General Sue Winspear. It discusses a recent assessment of current legislation, anti-corruption bodies and policies in the Cayman Islands. Winspear highlights the lack of diversity within the Central Planning Authority and calls for the membership of the board to be balanced and include members from sectors...

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. Tourists trickle in throughout the week to get a glimpse of marine life, take a dip in the ocean and soak up the sun. Overall, Cayman...

The Cayman Brac government plans to start construction on ten new government buildings in early 2019. New customs and immigration, a new vehicle inspection center and a new planning, lands and survey building are among the anticipated projects that should be completed within the year. Article Snapshot: The Cayman Brac government plans to start construction on 10 new government buildings...

2018 was a record-breaking year for tourism in the Cayman Islands. (more…)

Cayman Islands and 20 other jurisdictions have been placed on a “blacklist” by the Netherlands. Starting in 2021, this break from other EU member states will require a withholding tax of 20.5% to be levied on interest, and royalty payments to the parties in listed jurisdictions. This signals that substance legislation passed by offshore jurisdictions to avoid an EU-wide blacklisting...

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. (more…)

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. (more…)