The post Buying Land Abroad suggested that investing in the limited-supply asset of land in a carefully selected location, coupled with a proper due diligence exercise, can indeed produce high returns on the investment. In this post we look at a specific location that is considered a good location for such property investment.

Cayman Brac is one of the three major islands that constitute the Cayman Islands. The Cayman is British Overseas Territory in the Caribbean with a governor appointed by the British Monarch and a democratic parliament elected by local citizens. The country also has a stable government.

Cayman government allows foreign ownership of land with freehold title. The country also has a good system for maintaining land records, with a unique Block and Parcel number being allocated to each piece of property. There is also a Planning Department that monitors land use and segregates residential and commercial zones.

The Cayman is not only a top tourist destination but is also a top financial centre in the world with several hundreds of banks located at George Town, the capital city.  The Islands are also a favorite retirement destination for wealthy retirees from all over the world. The country has one of the highest living standards in the world and an elite community of the wealthy retirees and high net worth employees of the bank.

Cayman Brac has some unique tourist attractions in addition to the splendid beaches on the sparkling waters of the Caribbean Sea common to all the islands. The island features The Bluff, a 140 feet vertical cliff on its eastern coast. The steep cliff offers world-class rock climbing facilities.

There are also dense Karsh forestation on the island with built-in walking and hiking trails. And a sunken ship wreck just off the north coast of the island adds to the tourist attraction. Cayman Brac is indeed a good location for investors looking to invest in land abroad.

Comments are closed.