Cayman Island Real Estate is driving. It is as if the western world has suddenly woken up to its jungle beauty and acres of undeveloped land. Homeowners, hoteliers, developers, retirees – everyone wants a place in the Cayman sun, because that’s where the beauty and the money are.
Properties in Cayman are a variety of existing residential villas and condominiums, properties that can be developed to generate income from facilities such as hotels, spas, properties that can be leased for commercial purposes, properties to develop further residential facilities, and also greenfield land. . Typically, small to medium property owners in the Cayman Islands live in one part, while the rest of the property is developed for tourists. The 89.9-acre Arlington Estate Plantation, for example, is surrounded by a lush botanical garden.
Enthusiastic horticulturists could turn it into an ecotourism spot or simply a luxury timeshare option. There is a pool and spa, hiking trails, and more than one residence on the property. Definitely income producing! For pure family living, there are villas on Smith Road, there are multi-family utilities at $619,000, and the perfectly restored 1982 Pappagallo Villas.
The main property, of course, is the beach property and the well-developed Seven Mile Beach is already a hot spot for the populace. Most of the condominiums line Seven Mile Beach and a large number are already occupied. However, there are luxury suites available for those who like the good life: spacious 3,700-square-foot apartments on the fifth floor that will set you back $3,400,000.
The most recent Beachcomber Condos, built in 2009, are beachfront properties for lotus lovers who love the sea. There is water, water everywhere and a lot to do in it. More realistic are the On the Bay condos, aimed at families who love fun times together, priced at $590,000. There is more. 200 feet of beachfront at Boatswain Beach, an additional 240 feet at Conch Point on the North Shore, with built-in protective reefs; most of them attractively close to Georgetown.
Now the most important question: why is Cayman real estate such an attractive investment? The main reason for buying real estate in the Cayman Islands is growth. The value of your investment will likely quadruple in a decade. The economy has grown steadily at more than 12% in 15 years, and judging by the clamor to buy property, there is no sign of abating.
Second, there are no taxes; only a very reasonable stamp duty. In addition, the titles are guaranteed, the government is stable; there is a jurisdiction against money laundering. Next, Cayman is rapidly becoming a commercial center: many banks and tertiary services are settling in. Clearly, buying real estate in the Cayman Islands and leasing it for commercial purposes would be a lucrative investment.
Real estate services in Cayman are discovering and restoring properties to offer buyers a good investment in this beautiful country. Differentiating itself from many real estate agents in the Cayman Islands, West Indies Brokers specializes in distinguished private and commercial properties in the Cayman Islands. We are a team of meticulous professionals who have built successful businesses befitting a decade of real estate experience in the Cayman Islands.