Little Cayman Property Investment
Posted by davidr on 10 th in Cayman Islands property news, Investment Property on 10th of February 2011Little Cayman property is an attractive investment considering that the island has the world’s top wall diving facility in the Bloody Bay area. As the tourism industry picks up after the current economic downturn is over, the flow of diving enthusiasts to Little Cayman is likely to go up. And increasing flow of tourists will mean increasing demand for accommodation.
Wall diving is scuba diving along a vertical underwater cliff. In the Bloody Bay, Little Cayman has a vertical cliff that goes from 18 feet to 1000 feet under water to the ocean bottom. It is this facility that has brought fame to this tiny island that has a total area of 10 square miles and is just one mile wide.
There is also the Owen Island, an uninhabited islet to which tourists can go on a sailboat or kayak from Little Cayman.
Sparkling beaches facing the crystal clear waters of the Caribbean Sea add to the attraction of this island, which has only a couple of hundred people as permanent residents. The island is an unspoiled paradise that appeals to most tourists.
Buying Little Cayman Property
Two attractive options for investing in Little Cayman property are Lakeside Estate and Little Cayman Estate. The Lakeside Estate is a layout adjacent to the Sandy Point Lake on the south east of the island, close to the beaches on the south eastern coast. The Little Cayman Estate starts right from the beach on the north coast and crosses the North Coast East road to stretch into the interiors amidst greenery such as mangrove.
Both the layouts offer plots with asphalt road fronts and access to electric power. Each plot comes with a dedicated villa design and full suite of architectural drawings and construction documents for the design. The villas incorporate Single Level, Split Level and Duplex Townhouse designs and you can choose a plot that comes with the design you prefer.
Interest-free finance to pay the price in five yearly installments, and the option to receive assured returns on the purchase price you paid are additional attractions with the above property investment options. The assured return option can be exercised by giving the developers an option to buy back the property at 20 percent above the price you paid, during the five year financing period. In exchange, the developer assures you a return that accumulates to 20 percent of the price you paid over the five years.
Even if the developer exercises the buyback option before five years, you will get the returns for the full five years, with a final compounded payment representing the remaining return amounts.
Your Little Cayman property investment can provide you with a desert island hideaway with an option for assured returns on your investment.
