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January 07, 2022

New Year, New Opportunity

It’s hard to look past all the noise of the last couple years and not feel like we are still in the midst of the COVID chaos, especially now with the Omicron wave hitting us.
Yet, this is truly an opportune time to look beyond the pandemonium to when we will leave COVID behind.  With weakening strains and mutations of COVID, albeit more contagious, there is light at the end of the tunnel.  If there was ever a time for hope and prosperity, 2022 would seem to be that launch year.
At this time, a perfect storm is building for the Cayman real estate industry.  Despite the challenges of the last couple years, the Cayman real estate industry has prospered.  This is being fueled by the demographics of a baby boomer population nearing retirement and increasing demand for a residence that is safe, warm, and close to North America.
Looking ahead, Grand Cayman will likely change more in the next 10 years than in the 38 years that I have lived here – in a good way.  Every year, Cayman becomes a better place to visit and live, for a number of reasons.  
The infrastructure improvements that are currently in the works will easily dwarf other Caribbean islands – this will add tremendous value to real estate.  Our country is friendly and welcoming, but most importantly, safe for you and your family.  The rule of law is respected here.  Our countless facilities, amenities, and services from restaurants to diving, shopping, etc. are first world.  Seven Mile Beach is one of the best anywhere, with a Caribbean Sea that is tranquil and so clean you can see right through it.
Our quality of construction and residences, already far superior to most other locations, has taken a quantum leap in the last few years.  From waterfront homes to beachfront condominium developments, Grand Cayman has seriously raised the bar.  
In the information below, you will see some of Cayman’s most prestigious, desirable, cutting-edge developments and homes at the very best values.  These prices are at a level that will never be this low, again – and no annual property tax, capital gains, income tax on rental revenue, or any other direct taxation.
Inflation has come back in earnest and doesn’t seem to be going away.  Every year you wait to buy a pre-construction residence, or an existing property, it will cost you more.  That is not going to change.  Cayman is a rising star in the Caribbean and price inflation is a reality.  Your investment, this year, will only increase in value during the rest of the decade.
The longer you wait to invest, the more it is going to cost you… period.  We continue to see strengthening demand coming to Cayman.  Choices will become more limited.  So, 2022 is an opportunity.  
Follow the smart money and invest early in this decade of strong growth, that is only now just ramping up.