Tag: Airbnb
Landlords asked to be patient
(CNS): The government has no power to prevent landlords in the private sector from evicting tenants who cannot pay their rent, Premier Alden McLaughlin said at Tuesday’s press briefing. There is a growing number of people stuck in costly apartments, following a surge in rent prices last year, who are now on reduced pay or […]
Gov’t to take on housing challenge
(CNS): The premier has announced a number of measures that he claimed his government will be introducing over the next two years to tackle the mounting problem in the Cayman Islands of unaffordable housing. With rents soaring and developers concentrating on building luxury condos, working Caymanians can no longer afford to buy a home and […]
High rents help fuel inflation trouble
(CNS): The local inflation rate showed no sign of slowing down at the start of this year after a near 20% increase in residential rents in the twelve months between March last year and this led to an increase of 4.5% in the cost of living. Inflation has proved to be a thorn in the […]
Cargo port could curb inflation, claims minister
(CNS): The finance minister came up with a new justification for the cargo element of government’s controversial cruise berthing project Wednesday, as he addressed members of the Cayman Islands Chamber of Commerce. Roy McTaggart noted that the increase in inflation was a reflection of Cayman’s successful economy and its “high level of activity”. But, he […]
MLA hopes govt will act on tourism motion
(CNS): Arden McLean, the East End MLA who could soon be opposition leader, is hoping that a recent private member’s motion he brought to the parliament will be acted upon by the tourism ministry. The motion called for concessions for any Caymanian who wants to develop tourism-based businesses in Bodden Town, East End or North […]
Financial cops warn public of ongoing rental ad scam
(CNS): At least two people have already lost a significant amount of cash in a rental advertisement scam that the RCIPS Financial Crime Unit is currently investigating. Police said they have received multiple reports about the fraudulent adverts being posted on the local site EcayTrade.com. One victim lost CI$2,000 and a second a similar amount. […]
Airbnb to boost CaymanKind
(CNS): Cayman Islands Tourism Minister Moses Kirkconnell has said that a deal with the international online home-sharing accommodation platform, Airbnb, will boost the concept of CaymanKind and help more Caymanians benefit from the growing tourism product, while ensuring local rentors are following the law. Many property owners are using Airbnb to advertise condos and rooms […]
Visiting academic jailed over room dispute
(CNS): The RCIPS has defended a decision to put a leading international academic, who was visiting Cayman with her son for the recent invitational football tournament, in jail following an accommodation dispute. Dr Fuambai Ahmadu, a former consultant with UNICEF and a world expert on female genital mutilation, was locked-up after she was arrested at the […]
