Property market rebounds in 2011, review finds

(CNS Business): Property purchased in the Cayman Islands in 2011 by the Dart Group amounted to 28% of the total value of all transfers and amounted to more than CI$139 million, according to the fourth annual, independent review of the Cayman Islands property market by chartered surveyors, Charterland Ltd. Of the 1,286 transfers registered in 2011 at least 82 of these properties were acquired by companies in the Dart Group – equating to just over 6% of the total number of transfers. However, even ignoring acquisitions by Dart, the review found that there was a substantial recovery in the Cayman property market last year, especially in the high end market, with the number of transfers, excluding the Dart Group, up 18% over 2010, and the total value of up 39%. Read more on CNS Business