Cayman Property Review

(CNS Business): Two new RICS initiatives, recently adopted by the Cayman Islands, are set to bring a new level of standards to property valuation to the islands and across the Caribbean. After talks between the RICS, Cayman Islands Lands & Survey Department and the Valuation & Estates office, Cayman officially adopted the new standard for office buildings called the International…

Charterland Valuation of Ritz-Carlton Approved by CI Government.

(CNS Business): In a dispute between a member of the Cayman Islands Real Estate Brokers Association (CIREBA) and a non-member over commission in a high end real estate transaction, Chief Justice Anthony Smellie ruled that Remax, one of the defendants in the case who acted for the sellers, “could not stand behind the CIREBA rules to keep the full commission…

Caymanian Compass Article: Charterland sees slow uplift in property market.

Property experts say something needs to be done about vacant office space in George Town. Property consultant, Simon Watson, says with more businesses moving out of the capital, some use needs to come of the empty buildings.

Slow and Steady Improvements New research shows ‘slow and steady’ improvements in what has been a struggling real estate market. Cayman 27′s Monica Walton has the latest from a property and construction conference.

Consult the 
Property Experts - Charterland Ltd say that based upon an analysis of the commercial rental market, it can be seen that Class A properties during 2011 experienced a slight increase in passing rents from 0.5 per cent through 6.4 per cent over a three to five year period. However they have also identified that over the same period,…