Home > Industry News > Strong Performance for IRG and Cayman in 2014

Strong Performance for IRG and Cayman in 2014

Recently released sales figures show International Realty Group (IRG) has had a strong year-to-date in 2014 recording significant sales in the residential, land and commercial sector. Having negotiated record-setting sales prices for land in Britannia Estates, as well as the sale of two landmark Grand Cayman properties, the Coutts Building on West Bay Road and Vila Mare, a 14,000 sq ft Mediterranean style mansion in Rum Point, IRG is confident in their ability to connect buyers and sellers. The buyer of Vila Mare, a local businessman and developer who owns the adjacent Hotel and Tourism-zoned land is hoping to attract a boutique hotel developer to the area with the help of IRG through Knight Frank and Luxury Portfolio.

Jeremy Hurst, Broker and Owner of IRG, attributes the company’s success to IRG’s affiliation with global brands Knight Frank and Luxury Portfolio, as well as a recent diversification of Cayman’s economy via the opening of Health City Cayman Islands, incentives to investors such as the Cayman Economic Zone, the green shoots of Sports Tourism, and a record-breaking year for air arrivals. The property market in Cayman continues to show signs of increased strength with sales in 2013 totalling US$657 million and sales for 2014 (as of July) totalling US$311 million. For more information, visit: www.irgcayman.com


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