Investors seeking to buy property in the Cayman Islands can choose to own in any one of a number of areas. The largest is Grand Cayman, which also contains the highest concentration of Cayman luxury real estate. There is also Little Cayman and Cayman Brac, although they are less notable for commercial properties. Here, we explore the various parts of Cayman and talk about which parts of the island are ripe for buying.
Grand Cayman is where you’ll find the most Cayman luxury property, especially near the Seven Mile Beach stretch of the island. This is where most of the island’s shopping and entertainment is located outside of the downtown area. Downtown used to be the center for commercial property, but companies have begun to leave that area in favor of new developments in more luxurious parts of the island.
One thing you’ll notice is that there is a view nearly everywhere you go on Grand Cayman. That view attracts high-rise developers and condominium owners looking for a summer home. The area is also the most developed part of the island, and it’s where all the action is. There are parcels of land for sale on Cayman Brac and Little Cayman, but these destinations are best suited for investors looking for seclusion. The islands can afford a great deal of privacy, if one knows where to hang one’s hat.
Is it worth investing in the smaller, more secluded sections of the island like Cayman Brac?
That depends on your plans for the future. This portion of the Cayman Islands is largely undeveloped, or at the very least under-developed. Land is inexpensive comparatively, but potential buyers should bear in mind that they will need to build a custom home from scratch in many cases. That can amount to a significant investment.