The Cayman Islands is enjoying a boom in the residential real estate market, including luxury villas, due in large part to a healthy economy, a stable political environment and increasing tourism and number of residents. In addition, the islands boast new infrastructure and a revamped airport, plus Grand Cayman is a friendly and safe place to live. All of these factors, plus the joy of living in a tropical paradise, are contributing to this surge in the market.
Therefore, now seems like the perfect time to look for luxury villas for sale in the Cayman Islands, as they are increasingly in demand. A locally based report in August 2018 states that the luxury segment of the Cayman Islands real estate market is poised to keep pace with global trends, so purchasing a luxury villa appears to be a great investment.
It’s no wonder so many people have decided to relocate to the Cayman Islands, often referred to as the best of the Western Caribbean. In addition to the new luxury properties being developed across Grand Cayman, upscale shopping areas, top-rated restaurants and a variety of attractions and new hotels and resorts draw visitors from the world over. Once visitors experience what the Cayman Islands have to offer, they frequently decide to buy Grand Cayman real estate.
Among the most popular Cayman Islands properties are luxury villas in various districts such as George Town South, Prospect, Spotts and West Bay. Grand Cayman villas for sale include a three-bedroom, three-and-a-half bathroom, waterfront villa in George Town South; a similar size property on West Bay Beach; and a five-bedroom, five-and-a-half bathroom waterfront residence in Patrick’s Island, Spotts.Other stunning properties listed as of this posting include a 3,808-square-foot waterfront penthouse, another 4,428-square-foot penthouse, and an ultra-modern residence in Prospect.
So, if you have been dreaming about buying a luxury villa in the Cayman Islands, now is the time to make your dream come true. Grand Cayman villas for sale feature some of the most stunning views of the Caribbean Sea, as well as state-of-the-art amenities.
Another important note: Purchasing property is relatively easy and straightforward in the Cayman Islands, where the government encourages property ownership by foreign nationals. In fact, all titles for real estate transactions are guaranteed by the government. Also, your luxury villa in the Cayman Islands is not subject to annual property taxes, estate taxes or death duties. It is also possible for non-residents to obtain a local mortgage and open a bank account in the Cayman Islands.
Don’t wait any longer to start your search for luxury villas for sale in the Cayman Islands, as inventory is going fast. The best way to find the property you desire is by contacting a trusted real estate company on island. Let the professionals there search their listings for properties that meet your needs and your budget, answer all of your questions, and assist you in all aspects.