Cayman Invetsment Property Set to Soar
Overseas Property News - Cayman Islands
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For a tropical getaway there could be no place more appealing than the beautiful Cayman Islands which are situated in the Western Caribbean Sea. The idyllic chain of three islands emerge from the clear waters as peaks of one undersea ridge as Grand Cayman, Cayman Brac and the smallest Little Cayman. The Cayman’s benefit from a thriving local economy with great transport links through easily accessible sea and air ports. Investment in plots here holds great potential for an enticing holiday home as well as an increasingly popular destination for the tourist rental market.
The Cayman Islands are highly regarded as one of the best locations for scuba diving in the world due to its crystal waters and abundant marine life, with one of the more unusual attractions being a 330ft decommissioned Soviet vessel which is submerged off the coast of Cayman Brac and serves as an artificial reef and fascinating dive site. Other attractions include Grand Cayman’s world famous seven mile beach, the festivity of the biannual Island Games, and for something a little more serene, the miles of nature trails that meander across the islands encompassing some of the wonderfully tropical nature reservations. One such area is the Brac Parrot Reserve which is the only place in the world where you can catch a glimpse of the unique Cayman Brac Parrot.
Although the islands are a British overseas territory, they still retain their traditional and easy-going culture, and in fact Caymanians enjoy the highest standard of living in the entire Caribbean. This is mainly due to the boom in tourism, accounting for up to 75% of the annual Gross Domestic Product, but the Caymans also maintain a thriving financial services industry which is now the fifth largest banking centre, and consequently one of the richest islands in the world. The islands print their own currency, this is fixed to the US Dollar which is also accepted everywhere across the islands. There are airports on each of the islands, the biggest being the international airport on Grand Cayman which connects many international destinations including London, Miami and Jamaica.
In addition there is also Cayman Airways providing a domestic service between Cayman Brac and Little Cayman. Due to its global appeal with visitors arriving from all over Europe, America and the surrounding Caribbean, the Cayman Islands present a haven for tropical adventure and relaxation. As an investment, the land plots available offer the unique opportunity to build your own palatial property in a tropical paradise.
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