Cayman Property Market Outlook- 2016
The general market outlook for the remainder of 2016 is for a continuation of an improving market across the board, particularly for sellers! Certain sectors are still lagging, though in time should repair nicely. A bit of a broad brush stroke, however if you are a seller the numbers will continue to improve as population growth and confidence grows, whilst supply decreases. If you are considering buying, the supply is decreasing and this coming high season looks to be a closing window of the last of the opportunities… Having said that, there are always opportunities of course, but we aren’t in 2010/2012 anymore where the pickings were plentiful.
I would like to once again extend my gratitude to my clients for new and continued business… I am both excited and grateful that our boutique team at TEAM Property Cayman at RE/MAX Cayman continues to generate momentum and remain in the top tier of the Cayman property market. TEAM Property Cayman at RE/MAX continues to be busy this year and have solid projections going forward. In 2015 PropertyCayman grossed US$46 million volume in sales.
In summary, confidence is back and we have lots to look forward to. Cayman is experiencing a continuation of renewed energy in many sectors and industries in these beloved isles. If you would like any further information or particular statistics, please do let us know.