Why Buy Land in the Cayman Islands?
Posted by davidr on 19 th in Caribbean Property, Cayman Islands Land, Land Caribbean, Land Investments, Personal Pension, Property Cayman Islands, Property For Sale on 19th of October 2010As mentioned in the post on Land Abroad, buying land in the Cayman Islands, which is British Overseas Territory, is an excellent investment option now as land prices can increase once the tourism industry picks up again. Currently, the tourist travel is on a decline because of the economic slump in the countries that account for most of the tourists. As more and more tourists arrive, there will be increasing demand for accommodation, including for independent private villas and investors can benefit.
The Cayman is also a favorite destination for wealthy retirees from different countries. The government welcomes such retirees as they bring in wealth and do not take up local jobs. Such retirees are granted long-term residence permits of 25 years and will be looking for suitable accommodation.
The high net worth employees of the financial centre in the Cayman, rated the fifth largest financial centre in the world, are other prospective buyers of land and villas.
What all these point to is the strong likelihood that land prices in Cayman Islands will increase and investors in land will benefit as a result.
All the plots in Crown’s land products come with a full suite of architectural and construction drawings. Each plot has a dedicated design, either for a great Caribbean villa or a Duplex townhouse as indicated in the layout map. And Crown’s property developers have offered a turnkey solution, House in a Box, for those interested in constructing the house.
While constructing a villa or townhouse has the potential to generate regular returns in the form or rents, many investors prefer to keep the land as it is and earn returns on their investments by selling the land when its price goes up.
A number of projects are offered, spread on all the three islands, by the developers of Crown’s land products. The offer also includes five-year interest free finance to pay the land price in five yearly installments.
Buying land in the Cayman Islands is thus a great investment option.
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