Cayman Property Market Rebounds

If the first three months of this year is anything to go by, Cayman's real estate market is heading for a rebound. The value of land transfers for the year so far has surpassed $250 million –a massive 375% jump compared to the same period last year. Jeremy Hurst, president of the Cayman Islands Real Estate Brokers Association (CIREBA), has been looking at the figures. The figures are boosted by Dart's acquisition of the Stan Thomas Properties, including the Marriott Courtyard and the Yacht Club.

Cayman real estate market rebounding

Posted Tue, Apr 26th 2011, 19:17

(Grand Cayman - CITN) -

If the first three months of this year are anything to go by, Cayman's real estate market is heading for a rebound.

The value of land transfers for the year so far has surpassed $250 million –a massive 375% jump compared to the same period last year.

Jeremy Hurst, president of the Cayman Islands Real Estate Brokers Association (CIREBA), has been looking at the figures. The figures are boosted by Dart's acquisition of the Stan Thomas Properties, including the Marriott Courtyard and the Yacht Club.

“Taking that transaction out, the real estate market is up at least one 100% over the same period last year," he said.

http://www.cayman27.com.ky/news/item/9579