The property market in the Cayman Islands had its greatest year ever in the previous two years. A rise that hasn’t been seen on any other Caribbean island for years. At the same time as a worldwide epidemic. Real estate has benefited immensely from Cayman’s economic stability owing to the absence of COVID-19 community spread.
There are several benefits to purchasing Cayman Islands real estate for sale, not the least of which is the fact that, if you plan to remain for three to five years, mortgages are often less expensive than rentals.
Rich and Varied Selection of Cayman Islands Real Estate for Sale
Cayman is home to a broad variety of residences, ranging from the most luxurious and expensive to the more modestly priced. Small family residences with an authentic Cayman Islands design may be found in some of Grand Cayman’s oldest residential areas in George Town.
Grand Cayman’s most popular beach, Seven Mile Beach, is home to a wide variety of villas and condominiums that are mostly utilized for holiday rentals. You may still find enormous beachfront residences and family homes in the Rum Point neighborhood, which is about an hour’s drive away.
Cayman Islands communities and districts have their own unique features and attractions.
George Town
The Cayman Islands’ capital city is George Town. The Cayman Islands’ financial district is centered in George Town. Several retail malls and the Royal Watler cruise terminal may be found here as well. Health care is excellent and the crime rate is really low.
Property prices are generally mid to high-range for those looking to buy or rent in George Town. If you have children of school age, neighborhoods in Savannah, Spotts, Prospect, and South Sound are popular places to reside since the major school areas are located in George Town. Many after-school activities for children are also located in the George Town area and along the Seven Mile Beach Corridor.
Seven Mile Beach / Seven Mile Beach Corridor
On Seven Mile Beach itself, there are several condominium complexes, however, most of them are leased out on a short-term basis for a few days or weeks at a time. You’ll discover a lot of four-bedroom homes in this area, but you’ll also come across premium two and three-bedroom condos. Professionals are more likely to rent or purchase Cayman Islands real estate for sale that is well-maintained. The neighborhoods along the Seven Mile Beach Corridor are within walking distance of restaurants and the beach.
Rum Point
Rum Point is a stunning stretch of beach with sparkling seas and million-dollar properties for sale on Grand Cayman. For those on a tight budget, there are more economical options such as condominiums for sale. If you’re looking for a spot where you may kayak and paddleboard, go no further than this location.
Overcoming Doubts and Fears
Acquiring a real estate property in the Cayman Islands may seem like a daunting task by those who have never done it before. This is completely incorrect if you know what to do. With the correct real estate firm, such as Crighton Properties, the process of searching for Cayman Islands real estate for sale is really rather simple.
If you’re looking for a change of lifestyle, then perhaps a move to the beautiful Cayman Islands may be the right move for you. If you’re ready to start your property search, reach out to the experienced and helpful sales agents at Crighton Properties.
Crighton Properties has been proven as a real estate firm that will guide you through the whole purchase process, standing by to help you in your search for a new place to call home. Get in touch with Crighton Properties if you’re looking for a broad range of Cayman Islands real estate options.
