Caymen Island Investment Property

Little Cayman

In little Cayman raw land has been the big seller so far this year. It appears more and more people are seeing the appeal and value of owning a piece of this tranquil paradise.
There are a number of houses currently under construction and the local builders are getting new projects started as soon as one is finished. Prices are still relatively low compared to other destinations but people are beginning to realize that this will not last forever.

Cayman Brac

Raw land has also been the top seller in Cayman Brac this year with incentives of having the stamp duty waived if you build within 2 years of purchase, and not adding taxes on building supplies. With direct flights from Miami later in the year - Now is the time to buy before this mostly undiscovered gem of an island becomes better known.

Overall

Prices are increasing for land purchasers. We are seeing prices rise as much as 10 % from this time last year. Little Cayman is growing in popularity and word is spreading about this relatively untouched paradise. Cayman Brac land prices have also increased dramatically, A quote from Coldwell Banker "The Cayman Brac has been experiencing an upswing.. interest in bluff land - house lots and acreage has soared".
With all the money the Cayman islands Government are putting into the sister islands, I.E modern infrastructure, international airports to increase tourism, direct flights from Miami, new Hotel's, bars, restaurants and villas getting built everywhere, to accommodate all the recent activity, this has to be and is the worlds most exclusive Caribbean emerging market.