Cayman’s constant contradictions According to one local entrepreneur as reported in todays edition of Cayman Net News Business Monday, the countrys residential real estate market is offering little return for investors, but the commercial sector is still presenting great opportunities.
Banks, property developers and real estate business are reporting to this publication that the seven year work permit limit rollover policy within the immigration law, is undermining the certainty of the market, but yet land is still being snatched up for development.
We talk about the need to address poverty, yet just about every household has a car, a phone and cable TV, things that are considered beyond the wildest dreams of so many other people around the world.
Meanwhile there are also people living in trailers two years after Hurricane Ivan struck our shores in September 2004 and left these families without a roof over their heads.