Land Abroad

Posted by karenh on 22 nd in Slider on 22nd of November 2010

The Buying Land Abroad post explained how one can earn high returns by investing in land in carefully selected locations. The post looked at factors like economic growth and population increase that can lead to land price increases that generate returns to land investors. The post concluded by stressing the importance of a due diligence exercise to ensure that the land investments will be safe.

In this post we look at a specific location that looks good for investing in land.

The Cayman Islands in the Caribbean consist of three main islands, Grand Cayman, Cayman Brac and Little Cayman. All the islands have great Caribbean beaches facing the sparkling blue waters of the Caribbean Sea. Additionally, each of them have its own unique, world-class tourist attractions.

As the tourism industry picks up after the world comes out of the current economic slump, demand for accommodation will increase on the islands. The Cayman also has two other groups of potential clients for land and villas, the high net worth employees of its financial centre and wealthy retirees from all over the world who choose to settle down in the sunny and tropical environments of the islands.

Cayman is a top financial centre of the world in addition to being a top tourist destination. Nearly a thousand banks, including reputed institutions like UBS and Merrill Lynch, operate from George Town, the capital city of the islands.

Cayman Islands are British Overseas Territory with a governor appointed by the British Monarch and a democratic parliament elected by local citizens. Cayman government allows foreign citizens to hold freehold title on local property. The system of land records maintenance is also quite good and zoning regulations to segregate residential and commercial areas are also in place.

Considering all the above factors, and also the fact that the country has one of the highest living standards in the world, investors seeking to invest in land abroad will find the Cayman a great location to invest.

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