Cayman Land

Posted by karenh on 22 nd in Slider on 22nd of November 2010

Cayman land investments are excellent real estate investment options owing to such factors as
The Cayman Islands in the Caribbean are top tourist destinations where land prices are quite likely to go up once the tourist industry revives after the current world economic slump
The Cayman is also a top financial centre in the world with several hundreds of banks (including such famous ones as UBS and Merrill Lynch) located at its capital city, George Town.
The high net worth professionals of the banks, along with wealthy retirees from different parts of the world who have chosen to settle down in the sunny Caribbean environs of the Cayman, constitute an elite community who can afford to pay well for land and villas they are looking for on the different islands of the Cayman
Cayman Islands are the nearest Caribbean destination from mainland US, being just one hour by flight from Miami. The major island of the group, Grand Cayman, boasts of the Robert Owen International Airport with regular flights to major North American destinations as well as to London Heathrow. The three islands that constitute the Cayman are also interconnected through several daily flights of the domestic airlineThe Cayman is British Overseas Territory where British Common Law applies and where there is a good system of land records maintenance
The country has a stable government with a governor appointed by the British Monarch and a parliament elected by local citizens
Cayman government allows foreign freehold ownership of land and each piece of land is registered in the name of the owner with a unique Block and Parcel number Land use is monitored by the Planning Department that ensures residential and commercial zones are segregated
Developers of the land products in the Cayman are offering several properties, located on all the three islands, that include land plots with infrastructure like asphalt roads and electric power. All the properties are located strategically at or very near to the splendid Caribbean beaches (or the Sandy Point Lake in one case). These plots come with an option to avail guaranteed returns on the investment.

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