Written by: RE/MAX Cayman Islands
Summary: The Cayman Islands are becoming a hot spot for investors looking for retirement and rental properties.
Sales are up in the Cayman Islands, fueling the demand for Cayman luxury property. Cayman’s stable infrastructure and growing market have made all three islands a hot destination for investors looking for ways to grow their money.
Investigate the area
Seven Mile Beach has a lot to offer the real estate investor. With several beach front condominiums under development and many existing properties available, an increase in property sales is moving the Cayman Islands condo market very quickly. Do your homework, compare prices and contact your realtor to discuss your investment and purchasing options.
Determine Your Requirements
Changes in the Cayman Islands immigration law have encouraged buyers to seek permanent residency, and with the number of permanent residents increasing, Grand Cayman real estate sales are also increasing. In order to meet rental demand, the number of real estate owners purchasing investment property is on the rise. Whether your requirement is for a place to live or an investment, property in the Cayman Islands is sure to suit your needs.
Before You Move
Familiarize yourself with local laws and customs, and consider creating a list of the items you plan to bring with you. Getting organized will help you pack appropriately, and also make your trip through Cayman Islands Customs much easier.
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