Buy Property Overseas

In a separate post on Buying Property Overseas we look at the desirability of investing in land in overseas countries. We said there that if the location is selected considering its growth potential and a proper due diligence exercise is carried out, investment in land abroad can produce excellent returns.

In this post we look at one such land investment opportunity, viz. investment in the Caribbean island of Cayman. Caribbean islands are popular tourist destinations with superb beaches on the deep blue waters of the Caribbean Sea. A villa near the beaches that blends beautifully into the Caribbean environs  is a dream not only for the tourists but also for permanent residents seeking to spend their retired lives in a more enjoyable location.

That is just what an investment in a land plot in the Cayman Islands could provide you. The Cayman is a British Overseas Territory in the Caribbean, governed under British Common Law. It has a governor appointed by the British Monarch and a democratic parliament elected by local citizens. The Cayman is not only a top tourist destination but also the fifth largest financial center in the world with nearly a thousand bank offices in its capital, George Town.

The Cayman government allows freehold foreign ownership of land and the island also has an excellent system for maintaining land records. Each piece of land is identified by a unique Block and Parcel number allotted by the Lands & Survey Department. There is a planning department that keeps track of land use and ensures that quality of life is maintained through proper zoning of residential and commercial areas.

The Cayman consists of three main islands, each of them with its own unique ambiance. Grand Cayman is a developed place with all modern conveniences, including hotels & restaurants, extensive shopping and an international airport with regular flights to U.S. and Europe. Cayman Brac has lush forests with walking trails, and a world-class rock climbing facility. Little Cayman is indeed a quaint little place, just one mile wide but with the world’s top wall-diving facility.

Developed land plots are available in all the three islands for investors seeking to invest in land abroad.

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