Opportunity knocks

 It is certainly not a secret that the volume and value of real estate transactions has fallen dramatically over the last two years. Statistics from both Lands & Survey and CIREBA, our real estate association have confirmed that time and time again. 

Movements in global tax climate a plus for offshore

Tax advantages make investing in Cayman Islands property extremely attractive.

Real Estate Review: Time for a Caymanian overhaul

As the Baby Boomers age, finding ways to earn passive income has become more important. Many of them are ready to retire from their regular jobs and have been looking to supplement pensions, retirement accounts and Social Security to enable them to retain their usual lifestyle.
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Staying a step ahead: A new wealth structuring forum for Cayman

Demonstrating that the Cayman Islands is a well-regulated, innovative, and sophisticated international financial center is the responsibility of everyone who is engaged in the...

Cayman’s economy holds strong in the Caribbean

I am excited for Cayman’s future. Sensible financial management by government, developing infrastructure, coupled with an improving U.S. economy all point towards Cayman’s economy leading the region in the months and years to come.

 

Data protection update

In an article published in the Cayman Financial Review in the third quarter of 2016, I talked about the English case of Dawson-Damer &...

Varying the terms of a trust in the Cayman Islands

I took part in a telephone interview recently for a legal directory, in the course of which the question came up, as it does...

Real estate: The third pillar of Cayman’s economy

It is well understood that the first two industry power houses have been mainstays of the economy over the years; however the real estate and development industry has been intrinsically linked to both tourism and financial services, providing the physical framework within which both can operate, while at the same time contributing significant sums to the Cayman Islands government’s finances and the country’s economy as a whole.

The Non-Profit Organisations Law, 2017

This year has been a busy year, not only for legislators, but also for trusts and private client practitioners. While a great deal has...

Relocating to Cayman

  Pressures from international regulatory bodies placed upon entities to show a physical presence in their offshore location has meant that the Cayman Islands are quickly becoming an attractive place for relocation.

Finding balance in a tough economy

The scenario is no different when it comes to governments, with some of the largest economies in the world struggling with enormous deficits and record borrowing that have pushed some into teetering on the brink of collapse.

Past and present –

Just over six years ago marked the start of the current ‘financial crisis’ when two CDO hedge funds run by Bear Stearns that had large holdings of U.S. subprime mortgages declared that they were halting redemptions 

 

Offshore jurisdictions still under scrutiny

Keeping Cayman’s primary industry on track means real estate can continue its upward trajectory.

 

Cayman Islands property means spreading the risk

There are so many benefits that can be enjoyed by owning a property in the Cayman islands, not least of which is that it is a beautiful jurisdiction with year-round sunshine and just an hour’s hop from the States, so buying a home in the Cayman Islands should be at the heart of any investors wealth management programme.   

 

Remedies for economic woes: cut costs and crime

So, what’s happening in the real estate market and what factors are there that may have significant impact on it in the coming months or years? 
Well, Coldwell Banker’s mid-year Market Report is now out in hard copy and on our website. There is not room to reprint it here, but in summary the last six months have continued the downward trend of prices and sales volume.  However, just in the last month or two we have seen a marked increase in activity. Why? Well, there are several possibilities.

Real estate and the Cayman tax advantage

Tax is always an important question when considering the ownership and sale of property. Cayman has many desirable aspects with respect to taxes that make investment in Cayman Islands real estate a wise decision. 

 

Making FATCA fair

The Cayman Islands Government recently announced that it had concluded negotiations with the United States on a Model 1 intergovernmental agreement with regard to the Foreign Account Tax Compliance Act (FATCA) and a new tax information exchange agreement (TIEA) also with the U.S.

 

Why Cayman Islands trustees need to care about UK tax

Tax is a tricky subject at the best of times. Whilst it is difficult to get accurate figures, some estimates of the length of...

Cayman attractive for a new set of investors

There is an underlying disdain currently being expressed globally, especially within North America and Europe, with regard to the way they are being taxed, with rising taxes choking investment choices and stifling growth. Such pressures have encouraged investors to look for better ways to seek investment returns.  

 

Hard assets for hard times

The frustrating part is that sellers do not want to hear what we have to tell them, in other words, that their property is not worth what they think it is and that they have to list lower if they expect to get their property sold. This was an inevitable reaction to the worldwide economic crisis, which is heavily affecting the US. Real estate values had been inflated in the US for some time and it was only a question of when (not if) their market would turn. That, combined with the decline in the stock market and very tight credit, has made it difficult for many Americans to make discretionary purchases. As much of our buying pool is from within the US, the slowing of our real estate market should surprise no one.

 

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