Property in the Cayman Islands can run the gamut from single family homes that are situated inland to million dollar, ultra luxurious beachfront properties. Whether you are seeking a single bedroom apartment or a sumptuous estate located right on the ocean front, Cayman Islands real estate has something for you.
The real estate landscape is varied and diversified, offering properties that can accommodate nearly any budget. Since the devastation of Hurricane Ivan, there was initially a drop in property values as investors shied away from what they felt could be a potential money pit. But the Cayman Islands has rebounded, property values are back on the rise and there is even a building boom in some areas.
An investor's paradise
Cayman Islands real estate has much to offer the serious investor. Cayman Island properties can command substantial gains over your investment in a relatively short time. A few years can yield impressive returns, especially if Cayman Islands real estate values continue their upward trend of increasing in value with each passing year.
Yet even with the continuously rising values of real estate, there are still some great bargains - as long as you know where to look. A seasoned real estate agent can direct you to properties that are sensible purchases now, but show to be promising investment prospects. You want to get in touch with a real estate agent who is familiar with the local market and can use their knowledge to direct in you making informed purchasing decisions.
Competition on the market front
Cayman Island real estate firms that are local have to compete with international firms with local representation.
One of the market's greatest appeals is that it has not, traditionally, experienced many of the highs and lows that define a majority of other property markets. On the contrary, the Cayman Island real estate market has enjoyed a somewhat steady growth in development and value.
This growth has almost directly paralleled the development of the basis of the Cayman's economy - tourism and financial entities. It was this steady course of growth and development that led to the stabilization of the Cayman's real estate market just months after Hurricane Ivan.
A choice for every realty taste
Cayman Islands real estate has something to satisfy every taste. Choose from sprawling beach front estates, luxurious canal front properties, or go inland. Choose from condos or houses; purchase permanent residences, rentals or time-shares.
You can find equally appealing commercial property in addition to the abundant residential properties available. Purchase an existing unit, a "fixer upper" or even make a pre-construction investment. Your options in this market are limited only by your creativity, imagination and desire. And, according to the experts, the best is yet to come. Property values in the Cayman Islands have yet to peak