Monday, April 20, 2009

Real estate in Cayman as an Opportunity

If you're looking for the next big thing - Development and real estate activity in Grand Cayman is booming. If there was ever an opportunity to make a sound investment in our real estate market, this is the time. There are some better locations and opportunities, based on where the demand and development will be focused.

As everyone want a sophisticated infrastructure as one of the cleanest and most well connected luxury destinations, you can get all in cayman with all freehold land plots located on or close to the waters edge, all offering sea views and all zoned for residential development.

In launching the newest and most luxurious range of premium land packets yet, real estate agents are offering an exclusive opportunity to purchase apartments in the Cayman island. In Cayman at Seven Mile Beach you can get you can get the best infrastructure that can meet your needs well.

<>At least three to four new shopping centers are being planned and built on West Bay Road across from Seven Mile Beach heading north from the Ritz-Carlton.

<>Six and seven storey buildings are rising up along Seven Mile Beach like Water's Edge and Caribbean Club currently, and planned and soon to start construction are The Montclaire, Beachcomber, and the Renaissance, to name the current ones.

<>Demand for Britannia and Safe Haven will rapidly increase as critical mass builds in this area and both of these developments have golf courses and either vacant land to develop and/or current below market pricing on their condominiums.

In addition to this, look at where else there is a paradigm shift occurring in our market. George Town will not be the same place in five years that it is today. Business is changing and changing fast. Cruise ship related businesses and tourism is taking over the town. That is where the opportunity is in George Town. The business/financial center will be Camana Bay in less than five years.