Occupying an area of 264 m2. km with barely 100,000 local residents, the Cayman Islands are neither large nor populated. But its spectacular beauty draws crowds, so investing in real estate in the Cayman Islands is always a win-win.
The lay of the land in the Cayman Islands is interesting. There are three small but beautiful islands: Grand Cayman (76 square miles), Cayman Brac (15 square miles), and Little Cayman (10 square miles). The three islands are low but well protected by a reef, mangrove swamp and limestone cliff. Due to its position on the tectonic plates, even a 6.8 Richter earthquake in 2004 did not cause much damage to the island. The islands are clearly safe. However, there is a hurricane season from June to November.
These are questions you’ll want answered if you’re looking to buy permanent homes in the Cayman Islands. Cayman Islands Real Estate offers a selection of land, condos, beachfront homes, or cottages. The reef has a row of dream houses along a deck that offers an uninterrupted seascape. Naturally, beachfront homes in the Cayman Islands are highly valuable. But if one plans to spend a substantial part of the year on the island, or share it with someone or even rent it out, it’s well worth it. Also, the government does not prohibit foreigners from owning property and the tax laws are soft on the beneficiary.
Also, there are always people migrating to and from the island; many visitors end up staying and working for several years! Which means there are always houses for sale? And it gets better, because Cayman Islands real estate developers renovate these homes beautifully. The price of the property is generally determined by its distance and connectivity from Georgetown, the capital.
It might also interest those looking for retirement homes in the Cayman Islands to know that everything is available on the island, albeit at a higher price, because you have to fly in from the mainland. The offsetting factor, however, is the gracious, well-educated locals who are happy to welcome and mingle with new settlers on the islands. In addition, there is a registered community of owners. Those looking to retire can opt for land in the Cayman Islands and build a once-in-a-lifetime home. The alternative detailed below is equally attractive.
Trusted names in Cayman Islands real estate like Cayman Real Estate Company, Care Realty LTD list beautifully renovated and fully furnished condos (with beautiful artwork to boot) on different sites on the island, over CI$200,000. Built in different styles and very conveniently located, these condos earn incredible rentals, a solid return on investment. The Cayman Real Estate Company will also develop properties on 2.2 acres of the South Sound and .96 acres on the West Bay Waterfront. An experienced team will help you decide what you want. Buying now, before prices peak, would be a good investment decision.
