Timing is everything when it comes to real estate. There are times when prices are down so there is good value, however these are not always the best time if you are looking for visitors to rent your space. Then you have the flip side of that situation, where prices are high but so is rental income. Where is the sweet spot? Right now!!
Prices are increasing rapidly right now in Grand Cayman, however visitor numbers were at record highs in 2016. This makes for the perfect storm of buying at a fair price, and having a large number of tourists coming to the island.
There are no shortage of property options in the Cayman Islands. The right option will depend on how involved you want to be with the property, or if you want to rent your property at all. Condos have traditionally been the easiest properties to rent for short term stays however lately more and more visitors are turning to villas for their family vacations.
If low maintenance, solid returns are your primary motivation, a condo on Seven Mile Beach may be perfect for you. There are many mid to high end properties on this world famous beach.
Carib Capital has a number of options for those looking to purchase on Seven Mile Beach. This strip of beach is not only popular with tourists, lenders see it as a safe, highly marketable place to lend their funds. We have both prime (jumbo bank mortgages) and non-prime (private mortgage options).
Depending on your property and your current financial situation, we can find the right financing option for you in Grand Cayman!