2020: Cayman Islands market— strength amid global volatility
Seven Mile Beach
Last year, the Cayman Islands Real Estate Brokers Association (CIREBA) reported total sales of US$638.7m generated by its 36 brokerage members, the highest in the history of the MLS. This was no small feat, given that the borders to the Cayman Islands have been closed since late March 2020 and country-wide shelter-in-place regulations were observed for more than three months in the spring.
The Residences at Seafire 8
The real estate market’s strong performance surprised some pundits but given recent global affairs and the enduring strength of the Cayman Islands’ value proposition, the results are easily explained.
