Situated about 180 miles (290 km) northwest of Jamaica are the islands of Grand Cayman, Little Cayman, and Cayman Brac. This archipelago of heavenly paradise has massively developed in recent years, consolidating itself as one of the fastest-moving property markets in the Caribbean, making investing in luxury real estate a promising venture. This is especially true for Grand Cayman’s luxury real estate market, which continues to flourish even amidst the Covid-19 pandemic.
Grand Cayman is a wondrous place. Pristine beaches, crystal clear waters, and impossibly beautiful scenery are the beating heart of the isle. A haven for vacationers and residents alike, this mesmerizing island is often described as an idyllic Eden.
In the early 2000s, Mike Ryan had a groundbreaking discussion with Ritz-Carlton about possibly branding residential real estate with the prestigious Ritz name. This marked a turning point in the industry, as Ryan envisioned a new era of luxurious living with an extensive staff and all five-star hotel amenities. This visionary approach set the stage for the emergence of innovative luxury trends.
Cayman has been called “the culinary capital of the Caribbean,” and its reputation is well-founded. Like its motto, “he hath founded it upon the seas,” the Cayman Islands food could be described as “we have found it from all over the seas.”
Nestled amid pristine crystal-clear waters and gentle coral sands, the Cayman Islands is a revered and highly sought-after haven for vacationers, homeowners, and real estate enthusiasts alike. The island’s steady economic growth, coupled with advantageous tax benefits and a thriving tourism and hospitality industry, underpins a dynamic and continuously expanding Cayman Islands real estate market.
Cayman is different, the expression “Cayman is an Island in the Caribbean, not a Caribbean Island” was born out of its remoteness, located out on the region’s western edge, looking as much at Central America as the Leewards, and its unique origins, a non-plantation based community formed by a collection of sailors, boatbuilders, and small farmers, was confirmed when they were “the islands time forgot” and even more so today as it’s become the cosmopolitan and culinary capital of the region and the perfect place to experience the island life.
The Cayman Islands has long been famous for its incredible snorkeling experiences. The warm, clear waters and amazing aquatic life are set against one of nature’s most extraordinary stages, the Cayman Wall.
The unique snorkeling site in the Cayman Islands is the remains of an ancient volcanic plug breaking the surface. It is a slender column rising over a thousand feet, connecting the dark mysteries of the Caribbean sea floor to the warm blue waters of the surface. This unique vertical plinth means that the ‘deep blue’ is just feet away from the sandy shallows of Stingray City.
Spring is in Cayman’s Step as new luxury real estate developments emerge.
The unique confluence of factors that make Cayman special continue to drive exciting new luxury real estate developments, further enhancing the island’s reputation as the destination of choice for successful international families and businesses.
Since time immemorial real estate has proven a solid long-term investment and well-located, prime real estate even more so, but in short to medium term, most real estate markets, even prime ones like central London and New York, can see large swings in value that can be very damaging to investors who entered at the wrong point in the cycle.