Three Big Changes Coming to Cayman

Investors shopping for Grand Cayman homes already get a great value for their money. The island carries no taxes on any income a rental property might earn, and laws make it simple to transfer this property to heirs. That’s on top of the beautiful vistas and modern life the island offers year round. New changes that were announced in September of 2015, however, might be an even bigger draw.

New Golf Course

Grand Cayman is always changing, always growing. This new golf course is part of the Ironwood Resort, and is the island’s second golf course. The project was bogged down by delays related to a 10-mile stretch of highway that is supposed to provide easy access into Georgetown. Now that the deal seems straightened out, the new course is on track to open by 2018.

New Access to Cayman Brac

Cayman Airways recently finalized the purchase of a Saab 340 aircraft, which will provide increased and improved access to Cayman Brac. The smallest island in the chain is a quiet destination, far removed from the city life in Grand Cayman and without as many homes for sale as Cayman Islands, but it features private beaches and hiking spots that will be more accessible to visitors and residents.

New Airport Expansions

A $50 million expansion has been approved by the island’s Central Planning Authority that would nearly triple the size of the airport terminal. The proposed expansion will mean the airport can handle more baggage and foot traffic, which should help improve the transit experience to and from the islands.

Bio: James Bovell and the DreamFinders Team specialize in helping foreign investors identify and purchase Cayman Islands luxury real estate for rental or residential purposes. For more information, visit DreamFinders.com.