Buying Real Estate In Grand Cayman – Is Now a Good time?

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If you are presently thinking about buying real estate in Grand Cayman, you won’t be spoiled for choice. There are new developments all over the three islands. Grand Cayman alone offers an ever-growing number of properties to buy in all the top locations. And more are on the way. Cayman Islanders just love to build.

There are many reasons buying real estate in the Cayman Islands is such a solid investment. The warm Caribbean climate is one of the more obvious ones. However, the Caymans also boast excellent healthcare, great schools, and an incredibly low crime rate.

In all honesty, the Cayman Islands have been a Caribbean real estate hot-spot for several decades. Many people choose to buy vacation homes in the Caymans. Others choose to retire there, take up permanent residence and enjoy a new tax-free status.

There’s presently a variety of residential options available to buy, along with plenty of land with potential for future projects.

At the moment there are some very exciting developments underway all over the islands, including all the Grand Cayman top-spots, such as the immensely popular 7 Mile Beach. So, if you want to buy Cayman Islands real estate in any of the best areas, don’t worry. It’s still very doable. You haven’t missed the boat.

 

  • 7 Mile Beach – Grand Cayman

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Easily the most famous beach in the Cayman Islands, 7 Mile Beach has been ranked “Best Beach in the World” by US News & World Report. This is an incredible accolade and it was not just an editorial opinion.  US News & World Report based its decision on reviews placed by beach-goers and expert evaluators.

Seven Mile Beach is the hub of the Grand Cayman tourist scene and boasts some of the best bars, restaurants, and retail outlets on the island. It also offers some of the best real estate buying options.

The entire waterfront is open to the public, so it’s very easy to take a leisurely stroll from one end to the other. A popular alternative is to go the distance while enjoying a 7 Mile Beach segway experience.

There are any number of recreational activities available at 7 Mile Beach. From snorkeling and parasailing to some of the best gourmet experiences in the Caribbean, the Best Beach in the World has it all. These and the many other pursuits available along the beach help ensure there is always a good demand for real estate in the 7 Mile Beach Corridor.

For those looking to invest in 7 Mile Beach real estate, the area offers a range of opportunities including luxurious beachfront condominiums. Whether you are looking for a Cayman Island home or hoping to break into the vacation rental market, there’s something for all.

 

  • Rum Point – Grand Cayman

Rum Point is another popular area that offers great potential for anyone interested in buying Cayman Islands real estate. Quieter than 7 Mile Beach, Rum Point is a firm favorite with those wanting to escape the crowd.

Rum Point is on the north side of Grand Cayman. It’s famous for its island atmosphere and has many hammocks and picnic benches along its white sandy beach. Rum Point is the ideal place for anyone who just wants to enjoy the sun and watch the waves rolling in onto the beach. Many people who want a “more relaxed” Cayman Island lifestyle decide buying real estate in Rum Point is a good way to go.

Despite the relaxed atmosphere, Rum Point is not lacking in amenities or recreational pursuits. Visitors don’t have to stroll far from the aquamarine water to find showers, restrooms, and game courts.

For the more active residents and visitors, Rum point offers excellent snorkeling. It’s also possible to rent a Wave runner, do a spot of sailing, or explore the reef in a glass-bottomed boat.

Needless to say, there is also plenty of places to eat and cocktail-lovers can go to the Wreck Bar and enjoy a Mudslide at the place it was invented. If you are considering buying Cayman Islands real estate in the north side of Grand Cayman, Rum Point should be one of your top considerations.

 

  • West Bay – Grand Cayman

West Bay is a popular residential area to the north of 7 Mile Beach. Like its slightly busier neighbor, the area is a popular place to invest in Cayman Islands real estate.

Home to the Cayman Motor Museum, West Bay boasts a popular turtle farm as well. It’s also probably the only place in the world from which you can send your friends a postcard from Hell.

Grand Cayman is an island paradise, so it’s only fitting it should have a flip-side. However, the West Bay Hell is not an undesirable neighborhood. It’s a tourist hotspot that boast some unique hellish black limestone formations.

As with the rest of the Cayman Islands, buying real estate in West Bay is also a great option for anyone who enjoys snorkeling. or other water sports. The area also offers an untold number of opportunities to enjoy fine cuisine.

Like Rum Point, West Bay is popular with real estate buyers who prefer property that is away from the hustle and bustle but still offers excellent amenities. Many families who relocate to Grand Cayman choose to live in one of the West Bay neighborhoods. The area also has the advantage of offering some of the best real estate prices on the island. So, apart from being a family-friendly option, West Bay has some of the most pocket-friendly real estate as well.

 

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