Cayman Island Real Estate Service Provider
>> Thursday, June 4, 2009
man Island Real Estate is thriving. It is as if the western world has suddenly woken up to its sylvan beauty and the acres of undeveloped land. Home owners, hoteliers, developers, retirees – each want a place under the manian sun, because that is where the beauty and the money is.
Property in man is an assortment of the existing residential villas and condominiums, properties that can be developed to generate income form facilities like hotels, spas lodges, properties that can be leased for commercial purposes, properties to develop further residential facilities and also virgin land. Typically, owners of small and medium sized properties in man live on part of it, while the rest of the property is developed for tourists. The 89.9 acre Arlington Estate Plantation, for instance, is surrounded by a lush botanical garden. Enthusiastic horticulturists might turn it into a spot for eco-tourism or simply a luxury time share option. There is a pool and a spa, hiking trails and more than one residence on the property. Definitely income producing! For pure family living, there are villas on Smith Road, there are multi family utilities at 619000USD and the perfectly restored 1982 vintage Villas Pappagallo.
The prime property, of course, is beach property and the well developed swinging Seven Mile Beach is already a hot spot for the hoi polloi. Most of the condominiums line the Seven Mile Beach and a large number are already taken. However, there are luxury suites available for those who like the good life - spacious 5th floor 3700 sq ft apartments that will set you back 34000000 USD. The more recent, built in 2009, Beachcomber Condos are beachfront properties for lotus eaters who love the sea. There is water, water everywhere and lots to do in it. More realistic are the On the Bay Condos – meant for families that love fun times together, priced at 590000USD. There is more. 200 ft of beach front on the Boatswain Beach, 240 more feet on Conch Point on the North Shore, with protective reefs thrown in; most of them attractively close to Georgetown.
Now the all important question – why is real estate man such an attractive investment? The single most reason to buy real estate in the man Islands is growth. The value of your investment will probably quadruple in a decade. The economy has grown steadily at more than 12 % in 15 years and judging by the clamor to purchase property, there is no sign of abatement. Secondly, there is no tax; only a very reasonable stamp duty. Moreover, the titles are guaranteed, the government is stable; there is an anti-money laundering jurisdiction in place. Next, man is fast becoming a commercial hub - plenty of banks and tertiary services are setting up base. Clearly, buying real estate in man and leasing it for commercial purposes would be a lucrative investment.
Real estate services in man are discovering and restoring properties to offer buyers a sound investment in this beautiful country. Differentiating themselves from many real estate agents in man, the West Indies Brokers specialize in distinguished private and commercial property on the man Islands. We are a team of thorough professionals who have made successful deals commensurate with a decade of experience in real estate on man. West Indies Brokers is a proud Member of CIREBA MLS system where all properties for sale in the man Islands are listed and sourced. This makes it easy for us to help you buy and sell properties, to your huge advantage. But most importantly, we are happy to partner you in your flight from urban jails to the paradise that is man.
Property in man is an assortment of the existing residential villas and condominiums, properties that can be developed to generate income form facilities like hotels, spas lodges, properties that can be leased for commercial purposes, properties to develop further residential facilities and also virgin land. Typically, owners of small and medium sized properties in man live on part of it, while the rest of the property is developed for tourists. The 89.9 acre Arlington Estate Plantation, for instance, is surrounded by a lush botanical garden. Enthusiastic horticulturists might turn it into a spot for eco-tourism or simply a luxury time share option. There is a pool and a spa, hiking trails and more than one residence on the property. Definitely income producing! For pure family living, there are villas on Smith Road, there are multi family utilities at 619000USD and the perfectly restored 1982 vintage Villas Pappagallo.
The prime property, of course, is beach property and the well developed swinging Seven Mile Beach is already a hot spot for the hoi polloi. Most of the condominiums line the Seven Mile Beach and a large number are already taken. However, there are luxury suites available for those who like the good life - spacious 5th floor 3700 sq ft apartments that will set you back 34000000 USD. The more recent, built in 2009, Beachcomber Condos are beachfront properties for lotus eaters who love the sea. There is water, water everywhere and lots to do in it. More realistic are the On the Bay Condos – meant for families that love fun times together, priced at 590000USD. There is more. 200 ft of beach front on the Boatswain Beach, 240 more feet on Conch Point on the North Shore, with protective reefs thrown in; most of them attractively close to Georgetown.
Now the all important question – why is real estate man such an attractive investment? The single most reason to buy real estate in the man Islands is growth. The value of your investment will probably quadruple in a decade. The economy has grown steadily at more than 12 % in 15 years and judging by the clamor to purchase property, there is no sign of abatement. Secondly, there is no tax; only a very reasonable stamp duty. Moreover, the titles are guaranteed, the government is stable; there is an anti-money laundering jurisdiction in place. Next, man is fast becoming a commercial hub - plenty of banks and tertiary services are setting up base. Clearly, buying real estate in man and leasing it for commercial purposes would be a lucrative investment.
Real estate services in man are discovering and restoring properties to offer buyers a sound investment in this beautiful country. Differentiating themselves from many real estate agents in man, the West Indies Brokers specialize in distinguished private and commercial property on the man Islands. We are a team of thorough professionals who have made successful deals commensurate with a decade of experience in real estate on man. West Indies Brokers is a proud Member of CIREBA MLS system where all properties for sale in the man Islands are listed and sourced. This makes it easy for us to help you buy and sell properties, to your huge advantage. But most importantly, we are happy to partner you in your flight from urban jails to the paradise that is man.
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