Real estate prices in the Cayman Islands are rising to record levels and properties are selling fast. BCQS examines how the pandemic – and other factors – have impacted the real estate market in different districts.
Ben Morgan is a client and productivity-focused manager at RCE with a strong focus on process improvements and business development. He is committed to serving clients better by establishing a more collaborative relationship throughout the design and construction process. Ben shares his advice for aspiring property developers to ensure a successful project.
The National Trust for the Cayman Islands’ (NTCI) Land Reserve Fund was created to acquire environmental sites that are ecologically significant or are critical habitats for native wildlife, and that provide ecosystem services for the people of the Cayman Islands. The NTCI currently protects 6% of critical habitats, and it aims to acquire 11% of significant environmental habitats across all three islands to preserve Cayman’s unique biodiversity. Land acquired by the NTCI is legally protected in perpetuity for the people of the Cayman Islands.
What is FINANCIAL risk?
Climate change is accelerating at an alarming pace and scientists consistently call for urgent action. It’s easy to assume that the responsibility for averting the crisis lies in the hands of policymakers, but in reality, every one of us can make small changes which, added together, have a significant impact. One such change is switching to a more environmentally friendly and sustainable energy source - propane.
Real Report by Georgie Loxton.
As the Cayman Islands keep pace with global trends and innovations, the growing discourse on ‘Cayman-style’ highlights a concern that what makes these islands uniquely Caymanian is in danger of being lost.
“A warrior accepts that we can never know what will happen to us next. We can try to control the uncontrollable by looking for security and predictability, always hoping to be comfortable and safe. But the truth is that we can never avoid uncertainty. This not-knowing is part of the adventure. It’s also what makes us afraid.” – Pema Chodron
Howard McLaughlin, Kuavo Cayman Broker/Owner, discusses how the current global economic climate might affect the Cayman real estate market in 2020.
George Town Manager and Revitalisation Initiative Coordinator, Colin Lumsden, outlines the issues that have been identified, and the Cayman Islands Government’s vision for revitalisation. The Cayman Islands Government is taking a holistic approach towards revitalising the capital in the spirit of New Urbanism, Lumsden says, which will involve many meetings and presentations to gain input and ideas from the public.
If you woke up tomorrow with all the money you ever needed to do whatever you wanted, what would you do? How would your day look from the moment you woke up to the moment you went to sleep?Maybe you know in a second. Maybe you have no idea.The reason I ask is that most people are looking for more of something in their life, but they haven’t given themselves time to figure out what the ‘more’ is. Maybe it’s more nature, or more walking, or more learning, or more reading, or more fun, or more time with friends.
Feeling healthy and vital in body and mind is something we all aspire to – and that's exactly the desire the wellness industry taps into. Distinct from medicine, which deals with disease, wellness is concerned with all-round health, including physical fitness, psychological wellbeing and good nutrition.
The Cayman hotel and tourism industry had an exciting 2018, with several transactions taking place from various high level investment groups. The highest recorded Caribbean hotel transaction to date took place in Cayman in November 2018 when The Westin Casuarina Resort & Spa and Sunshine Suites sold for over US$300m. This transaction built on the momentum set by the sale of The Ritz-Carlton Grand Cayman, as well as the smaller Holiday Inn, over the past 12 months. All these resorts underwent significant property improvements prior to or after their sale.
There is a question that John D. Rockefeller was once asked by a reporter, "How much money is enough?" His response was, "Just a little bit more."It is a common human affliction that we are unable to balance wanting more with having enough. It’s the tug of war that we play between today and tomorrow, between spending and saving. And it’s good and bad.
Does money buy you happiness? Yes, no, maybe, sometimes, it depends. The reality is, it’s complicated. The question has been tackled by some of the smartest brains from Socrates to recent Nobel prize winner Richard Thaler, and we still don’t have a clear-cut answer.
I spent my summer holidays this year doing something a little out of the ordinary - for our family - driving across Canada in a RV. The constant question from the kids while travelling from one destination to the next was, "are we there yet?"Returning home, having fully enjoyed the freedom of the trip, I couldn't help but daydream about enjoying that lifestyle more permanently - in retirement.
There's no doubt the Internet has changed the way we live, but the convenience of all this connectivity doesn't come without risk. Cybercrime is an ever-present threat and it's essential to take some basic precautions to safeguard your personal data. Steps you can take to improve your online security include: