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Real estate statistics for the month of August were rather pedestrian; however, July data were powered by high-dollar deals, which continue to buoy overall numbers for 2011.

The bottom line, according to Jeremy Hurst, president of the Cayman Islands Real Estate Brokers Association, is that year-to-date sales are up by more than 100 per cent compared to the first eight months of 2010.

“We’ve already sold more property in 2011 than we did in the whole of 2009 or the whole of 2010,” said Mr. Hurst, who is broker/owner of IRG. “We’re on track to be on par or probably better than 2008.”