Purchasing a property abroad can be overwhelming. Fortunately, whether you’re buying a primary residence, a holiday home, or an investment property, the process of obtaining a Grand Cayman real estate property is made easy by their real estate laws and regulations. Purchasing a property abroad can be overwhelming.
Fortunately, whether you’re buying a primary residence, a holiday home, or an investment property, the process of obtaining a Grand Cayman real estate property is made easy by their real estate laws and regulations.
Located in the Western Caribbean Sea, the Cayman Islands is a British Overseas Territory with three islands: Grand Cayman, Cayman Brac, and Little Cayman. Grand Cayman is the largest of the three and is the most popular territory in the Cayman Islands.
Thanks to professional service providers in the legal, financial, and real estate professions in the Islands, investing in property and homes for sale is as appealing as the islands themselves.
So if you’re looking into owning a property in the Cayman Islands and you still need more reasons to justify your potential purchase, this article is for you.
1. Good Investment
Cayman’s real estate market is appealing to both local and international investors. Proof of this is the increasing sales even when in the face of the Covid-19 pandemic. As we leave the pandemic behind, sales are predicted to increase further in the coming years. This can drive the value of property in Grand Cayman.
Additionally, real estate is still the safest and most profitable investment option you could make. Property in Grand Cayman will only appreciate in value over time.
2. High Return On Investment
With little fluctuation over the last two decades, the Cayman Islands real estate market is stable with a high return on investment.
Even during the lockdown, record sales prices were reported in many sectors. When the pandemic ends and tourists return, properties are predicted to generate a high return.
In addition, the robust staycation industry will provide tremendous prospects for landlords. A property owner’s profit is usually substantially more than the money put in the property.
This is why property in Grand Cayman is very appealing and the property market is booming.
3. Vibrant Economy
The Cayman Islands, despite its size, offer much more than beaches and sun. The Cayman Islands has quickly risen to become the most lively, safe, and successful Caribbean nation, with a stable government, modern infrastructure, thriving economy, and world-class healthcare and education systems.
Also, the International Monetary Fund report of 2016 indicated the Cayman Islands was the world’s fifth-largest financial center in terms of foreign portfolio investment, with $2.6 billion in assets. The number of insurance licenses, mutual fund registrations, stock market listings, and new partnership registrations is expected to rise once the pandemic ends and the world economy stabilizes.
In other words, the Cayman Islands is the best place in the Caribbean to invest in real estate.
4. Wide Selection of Properties
Cayman has a diverse range of island homes, condos, and land properties to choose from, ranging from high-end luxury to more budget-friendly options. You can build a home from the ground up or an existing house, or buy a multi-unit complex, the choice is yours.
Finding the right property should also be easy with the wide selection of real estate listings in the CIREBA Multiple Listing System and the help of an experienced real estate agent.
Indeed, the best time to buy a Grand Cayman property is now! Just hire a real estate agent to help you get started on your search and guide you through the whole process.
Hire a Real Estate Agent Now!
An expert CIREBA (Cayman Islands Real Estate Brokers Association) real estate advisor can help you get into the Cayman Islands real estate market and purchase your investment smoothly.
Check out Crighton Properties. Their expert advisors have their fingers on the Grand Cayman real estate market’s pulse and trends. They can make the entire process as stress-free as possible for you too, from paperwork, legal questions to anything else you might need assistance with post-purchase. Contact them today.
