Cayman Compass: Red hot property market sees record sales

Cayman’s real estate market is booming. Despite the pandemic, market activity last year was only slightly below that of 2019. This year, real estate sales are “off to the races”, said RE/MAX broker/owner James Bovell.

Property transfers during the first four months of 2021 have significantly exceeded the same periods in previous years both in the number and the value of transactions.

According to the latest data from the Lands and Survey Department, there have been 1,094 property transfers valued at $406.1 million.

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