ERA Real Estate Blog

Last week the developers of Morritt’s Tortuga Club and Morritt’s Grand Resort announced a $58mil expansion starting in 2012. This announcement echoes end of year forecasts predicting that construction and development will recover in 2012. And at the same time... (more…)

Moody’s, the Global Credit Rating Agency, has given the Cayman Islands a rating of Aa3 for their recent attempts to improve the economy, which would end in a fiscal surplus and reduction in debt.  Moody’s said that the rating was given for the Cayman Islands’ high per capita gross domestic products, the highest among British colonies, and their low debt...

BCQS, the well-known property development and consulting firm, has released its market trend report for 2011. Key among the trends presented is that construction costs, after rising for the last several years, are predicted to drop in coming years. In BCQS's analysis, Cayman ranks... (more…)

How do you choose? How do you choose among all the real estate companies? We all sell the same properties, some better than others. Typically, we all use the Multiple Listing System (MLS) that gives us access to everything that is for sale on the island. We agree that looking... (more…)

Congratulations to our own Jeanette Totten on her appointment as the First Woman President of the Cayman Islands Real Estate Brokers Association. The Cayman Islands Real Estate Brokers Association (CIREBA) began operating as the only professional association of Realtors for these islands in 1987.  Jeanette has worked in the Real Estate Industry in the Cayman Islands for over 27 years....

Cayman has four premier hotels operated by international brands. One of them, the Grand Cayman Marriott Beach Resort, has just announced major renovations in 2012 under new ownership. Private Equity Group has joined Gencom Group and Marriott as a major shareholder in the property. (more…)

This week brings some very positive growth signs in Cayman Property News! On 24 November, 2o11, the Developers for the Shetty Medical Tourism Hospital completed their purchase of a site located in East End. Mr. Joseph Imparato, as well as Dr. Shetty's Team will act as "co-developer" on the site. Mr. Imparato will focus his development support on the hotel...

Ambitious is a great word to describe property development in the Cayman Islands. In the past couple of years, several ambitious projects have been announced or launched – Cayman Enterprise City, ForCayman, The Barcadere and the Shetty Hospital. Each of these is a... (more…)

Pirates Week 2011 is the National Festival of the Cayman Islands! 10 Days of Heritage, Local Food, Crafts, Competitions, Street Dances and so much more! This festival is the kick-off for Cayman Islands high season leading up to Thanksgiving & Christmas bringing tourists from all parts of the world! Pirates Week takes place every November and is one of the...

Cayman Enterprise City (CEC), the special economic zone designed to bring more business to the Cayman Islands, is in the news again with the announcement that the developers are in discussions with Virgin Produced. This announcement gives a recognizable face – Virgin Produced as a client in the media park – to the concept of building... (more…)