Cayman Islands Real Estate - Ricks Cayman Properties

In our last report, we called for continued mediocre to poor economic results in Cayman unless the US economy improved and Cayman was able to get needed Capital Projects moving.

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Oct 09, 2014 Download


Cayman was unable to make any headway on any of the projects. The interim PNA Government, required by the vote of no-confidence
in the UPD (after then Premier McKeeva Bush was charged with numerous counts of corruption), was simply a caretaker government.
However, the stock market in the US made a strong move upward which, at least temporarily, increased spending.
Right now dollar
volume of Real Estate Sales is up 10.6% YTD
over last year, and the recent trend seems to be strongly up. The dollar volume of
pending sales is also trending higher at +27% YTD. That bodes well for a strong second half.
 

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