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Cayman Islands real estate surges as the U.S. and global economy strengthens

Cayman Islands real estate surges as the U.S. and global economy strengthens

International investors from the United States, Latin America, Europe and Asia are turning their eyes toward the real estate market in Grand Cayman, the largest of the three Cayman Islands.

Overall sales on the Caribbean island jumped by an astronomical 40% in fiscal 2014. This represents an increase of over $150,000,000. The increase appears to be directly correlated with the growing interest  of developers catering to the high end tourism sector.  Most notably, developers such as Dart Realty have paved the way for others with their contributions to local infrastructure and avant-garde new projects such as Camana Bay. A beautiful new development project at the secluded and exotic St. James Point is currently in the planning process and will surely become one of the most desirable locations on the island. With an expected increase in available luxury product, and world-class development marketing teams entering the fray, Grand Cayman is quickly identifying itself as a global destination for tropical pied-a-terres.

Grand Cayman is approximately 22 miles long and 8 miles wide at its widest point – making up approximately 76 square miles of terrain. The country is most notably distinguished for its robust tourism and financial services sectors. Every year, hundreds of thousands of visitors make the trip to Grand Cayman to experience internationally renowned cuisine, engage in watersport activities, or simply to relax.

In 2014, The Cayman Islands saw a 10% increase in tourism, which compared with the 5% increase of the Caribbean as a whole, illustrates the high growth in the nations demand for travel. International travelers see a growth in infrastructure, hotels, and condominiums and view these capital improvements as signs of a continuing healthy economy, and opportunity for capital appreciation. 

Keep your eyes on Grand Cayman, big things are coming in 2015!

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