9 Reasons Land for Sale in the Cayman Islands Is a Great Investment

Here are our top 9 reasons that land for sale in the Cayman Islands can be an excellent investment.

• 1.No one’s making more of it.

  Anyone can knock down a house and build a new one; developers are constantly creating new apartment and condominium complexes. You can create new products, but no one can make new land.

  Land enjoys a special type of scarcity that very few resources can. The very fact that land is tangible and that there’s a fixed amount of it gives it a special time of value.

• 2.Land retains its value very well; it’s even likely to appreciate in value.

  It’s very rare for land not to hold its value very well, and in fact, over time, land tends to appreciate in value. There are very few investments that you can purchase with such confidence that they will go up in value over time. Land almost always does.

• 3.Flexibility and development opportunities.

  For overseas buyers that aren’t sure what they want to do yet, land represents the ultimate freedom. While it is true that there are conditions associated with development and what one can build (or cannot build) in a given location, land gives you freedom.

  Land gives investors the ability to purchase now and build a dream home later, or for developers to plot for a new residential or commercial complex. It’s true that investors can purchase previously developed land, demolish, and start over, but that is time and resource consuming. Land is a blank slate.

• 4.No maintenance expenses.

  Houses require a lot of maintenance, just like all investments - except land. In fact, land is one of the most reasonable, affordable investments when it comes to maintenance. The truth is that maintenance fees are most often non-existent when it comes to land. Maintenance fees or HOA fees are usually only applicable on subdivisions with an established homeowner’s association.

  Contrast this with nearly any other conceivable investment, real estate or otherwise. Homes incur a litany of maintenance expenses on a yearly or near-yearly basis. A new roof, new siding, groundwork or landscape maintenance, and other expenses can all accumulate aggressively over time - but they’re not something you’ll need to consider when it comes to land.

  

• 5.Absentee owners may be motivated to sell.

  By definition, nearly anyone who owns land is an absentee owner, even if the person or entity that owns it is local, they don’t physically live on it. This may, in certain circumstances, make the owner more willing to cooperate on a sale.

  Moreover, it’s rare for an owner of land to have some sort of emotional connection to the land, and sale prices are not as often influenced by irrational buying or selling behavior. That is to say, when you buy a house, you might be buying someone’s “home,” but that is not likely to be the case when it comes to land.

  That’s one of the most important things to remember in real estate - never let emotion guide your buying or selling decisions.

• 6.It’s a “real,” tangible asset - and doesn’t incur or experience depreciation.

  Another great thing about land as real estate (especially when considering that it is the norm for land to improve in value) is that it does not experience depreciation.

  It is true that the value of land can fall in the short term due to a wide range of economic factors, but it is a near categorical impossibility for land to actually depreciate. Any other purchase of physical assets that can be made - any - can be subject to depreciation.

  Land, however, is about location and resource, and those things are constant. Land is one of the only investments that is depreciation-free.

• 7.It’s relatively hassle-free to buy and sell land.

  When you invest in land, you can responsibly trade it without even seeing it. While the sale of land may be subject to existing legal conditions, it’s not like the purchase of a property in the sense that you’ll want to see it, get a feel for it, and conduct a home inspection.

  Many investors around the world buy and sell land without ever setting eyes on it. If you’d like more information on the process of purchasing real estate in the Cayman Islands, feel free to consult our blog, “Steps to Buying Your Dream Property in the Cayman Islands” or reach out to us directly.

• 8.Tax incentives.

  Speaking of buying and selling land without ever really seeing it, there’s another great reason that land for sale in the Cayman Islands can represent a great investment: the Cayman Islands are considered tax neutral.

  If you’re interested in learning more about tax neutrality, the situations surrounding property taxes or capital gains taxes, get in touch with us for more information.

• 9.Land for sale in the Cayman Islands represents an ideal purchase if you don’t know what you want to use it for yet.

  Finally, land for sale in the Cayman Islands offers the value of flexibility. If you know you want to invest but you don’t know what your end vision looks like, then land represents an excellent investment. It offers you a level of flexibility that is unique to itself. Land gives you the ability to develop your dream home, or simply turn it around and profit from it. The choice is yours.

  We’re Your Partner for Land for Sale in the Cayman Islands 
  For over 50 years, our team of seasoned real estate savants has helped many buyers realize their dream of land or homeownership here in the Cayman Islands, and we can do the same for you.

  Whether you’re interested in a parcel of land on Grand Cayman, or a home or condo in one of the exclusive communities along Seven Mile Beach or in George Town, Rum Point, or West Bay, we can help you make it a reality.