Cayman Islands Real Estate For Rent & For Sale

ADVANTAGES OF DEVELOPMENT BUYING

BROUGHT TO YOU THIS MONTH BY RE/MAX CAYMAN ISLANDS

There are also other opportunities, when the development is completing and the Developers just want to sell out. Many times, they will offer very attractive discounts, incentives, and other values to close out their sales. While the price at this stage will be higher than at the start, the value of what is offered can still make the investment a tremendous value when compared to current market prices of similar properties. The Grand Hyatt is doing that right now with their last few beachfront residences.

As an example, if you bought at $500,000, had paid up to 25% over 3 years with a deposit and later a stage payment, then sell for $650,000, you have just made $150,000 on your deposit of $125,000. I see this happening a lot with resort pre-construction developments. It is a good way to get a quick return and since you sell before completion, there is no Stamp Duty as the owner at completion pays this. A good, experienced Broker or Agent can guide you into the right developments, at the right time, and take you through this process. There is at least one or two more new opportunities like this coming up.

Whether you resell or hold the property, by getting in early you will have built up substantial equity with a good development. By holding onto the property, you have an opportunity to have long term gains from rental income, as well as the ongoing capital gains. Branded properties like the Grand Hyatt, for example, have a worldwide reservation system and tremendous reach to attract tourists to come to Cayman and rent in one of your residences. Within 10 years of your purchase, you could potentially have doubled or tripled the value of your investment and be netting around 10% to 15% in rental income.

While we have only discussed pre-construction opportunities in this article, there are many other real estate opportunities in Cayman with resort and local residential properties and commercial properties. The key is to be strategic when you invest and know the market or have a professional, like a seasoned CIREBA Broker or Agent, to assist you in your investment. We are fortunate to live in Cayman and have a burgeoning real estate market here. Over the next 10 years, it appears that Cayman will rapidly grow and real estate will be one of the top investment opportunities during that time.