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November 2016

Found 5 blog entries for November 2016.

What is Stamp Duty? NO Tax in Cayman. 

There is not property tax in Cayman rather there is a one time fee paid, which we call Stamp Duty. The fee is 7.5% of the purchase price and this applies across the islands. The stamp duty is paid by the Purchaser on the sale of the property minus the value of the used chattels/furniture.

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What is CIREBA?

The Cayman Islands Real Estate Board Association which oversees the 34 Broker Members that have 168 Realtors. All the Brokers and the Realtors are a part of the MLS (multi listing system). CIREBA keeps their members up to date with changing laws that pertain to Real Estate.  That means you only need to work with 1 Realtor inside of calling 10 different Real Estate agents to see 10 different properties.

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International premium real estate firm expands New England presence with Wellesley, Massachusetts shop

WELLESLEY, MA – Engel & Völkers North America, the North American operations for the European-based premium real estate firm, announced today the opening of Engel & Völkers Wellesley, expanding the firm’s level of service and global network to buyers in Massachusetts.

Dean Poritzky, Sharon Mendosa and Kevin Balboni are partners of the new shop. The team brings more than 50 years of combined real estate experience in the market and has averaged $80M in sales annually. The new shop brings six agents to the brand further solidifying the firm’s presence in the Boston suburban market.

“Wellesley and Weston continue to generate interest from a diverse

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Event marks international premium real estate firm expansion into the Caribbean market

CAYMAN ISLANDS – Engel & Völkers North America, the North American operations for the European-based premium real estate firm, celebrated the official launch of its first Caribbean shop in the Cayman Islands with a ribbon cutting and grand opening celebration. The opening comes with the union between Engel & Völkers and Capital Realty Cayman, a leading real estate company serving Cayman Islands for over a decade.

“The official opening of Engel & Völkers Cayman Islands represents an enormous milestone for our firm, as it not only extends our footprint to the Caribbean but is also Engel & Völkers North America’s 100th shop,” said Anthony Hitt, CEO of Engel & Völkers

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Opening marks the international premium real estate firm’s formal introduction to the vibrant Georgia city

SAVANNAH, GA – Engel & Völkers North America, the North American operations for the European based, premium real estate firm, celebrated the grand opening of its first Savannah shop, marking the firm’s union with Mopper Kelly, REALTORS®, one of the leading real estate companies serving Savannah and the surrounding communities. The event, hosted across the street from the new shop at Johnson Square, was attended by over 150 notable guests from around the country.

The ribbon cutting ceremony featured speeches from special guests and VIPs, including Eddie Deloach, Mayor of Savannah; Karen Guinn, President of the Downtown Business Association; Whip

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