As more Americans and foreign tourists visit the island, the allure is compelling increasing numbers of them to stay. Grand Cayman homes are modern, luxurious and offer excellent amenities for a decent price. Beach front properties are becoming more scarce as the economy improves, but you can find great deals if you are willing to venture inland just a bit.
Where to Buy
Seven Mile Beach is out, but you can still find a few canal front properties. However, you should know that those properties have been dwindling over the years. That means you might be paying a premium as the cost of real estate in those areas increases.
Moving inland is the best course of action. You can find Cayman Islands luxury real estate inland, and you’ll be closer to more opportunities for business. For those who want to live and work in Grand Cayman, this is the ideal opportunity.
The downside is that these properties don’t offer much in the way of short term investment growth. These properties are best purchased by those with long term aims, like saving for retirement or buying to own for retirement later in life. Remember that your property can be passed down easily, making this investment opportunity something to consider for children and grand children as well.
If you see a property that you like, you should put an offer in. You have ample opportunity to change your mind if the property doesn’t work out, but you will want to be first in line to purchase the property when the time comes.
Bio: DreamFinders.com is the Cayman Islands premier broker and real estate company focused on helping you find homes for sale on Cayman Islands.