The Cayman Islands economy continues to be a strong performer, thanks to a growing population (now in excess of 60,000 people) and several new commercial developments. These include – in part – expansion of retail and office space at Camana Bay, the construction of the Kimpton Hotel, which is scheduled to open in late 2016, the revitalization of the Treasure Island Resort on Seven Mile Beach, and expansion to Health City facilities and related residential properties.
The jobs related to these and other projects on Grand Cayman have stimulated the residential housing market. Demand for homes, rental properties and land for new build projects continues to grow.
This is an ideal time to buy property in Grand Cayman. Property prices have increased since the 2008 recession, but there are still excellent opportunities to acquire good real estate investments at fair prices. For more information on current market trends and to view properties for sale visit Prime Locations Cayman at www.primelocationscayman.com.