The Cayman Islands saw a surge of luxury property sales in 2014, a bump as large as 40% with a net value of properties in the $150 million range. Driving this surge is a large development of condominiums along Seven Mile Beach, and a renewed interest in the island from the economic recovery. Real estate in Grand Cayman represents a significant opportunity, and now is a good time to buy. Here are some of the reasons that real estate has remained an attractive prospect.
One of the reasons the Cayman Islands remains so strong is because the market is not limited to Caribbean Vacation homes for sale. There are commercial properties and hotels for sale as well. The variety of investment opportunities attracts different buyers. Individuals seek out a vacation destination, while investor groups may look for business opportunities.
Cayman is not the only island vacation destination, so it must remain competitive. Many cruise ships pass through the area bringing tourists from all walks of life. Grand Cayman is in the process of renovating its airport to meet the needs of new travelers. Crime rates are already quite low, and the island maintains a number of extremely clean and well-staffed resorts and diving spots that continue to bring tourist dollars, and new renters, into the area.
With a variety of investment opportunities, investing in the Cayman Islands is an excellent idea for your retirement fund and for the community.
Bio: The Dream Finders team, led by James Bovell, deals exclusively in luxury real estate on Grand Cayman. To find your dream home, contact Dream Finders today.