Cayman Islands, Market Leading Carribean Real Estate

The Cayman Islands real estate market is a leader in the Caribbean when it comes to the quality and selection of beach condos for sale. In fact, it has become the destination of choice for buyers seeking luxury Caribbean real estate, 

 

 
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Irrespective of the various real estate opportunities available, Savills suggest that consideration first be given to several factors before embarking on a tour of the Cayman Islands condos for sale.  These factors include:

• Frequency of Use – How often do you intend to use your condo? If you only plan to spend a few weeks each year in Cayman Islands, you may want to consider a property with a rental program, so that you can offset the costs of your condo when you are not on island.  Or, if you intend to visit frequently, ask your realtor to introduce you to properties that are mostly occupied by long time residents.

• Utility Costs – Water and utility costs are usually quite high in the Caribbean. Request information on what the costs will likely be for your condo. This is a good time to take a close look at the construction of your condo and to ask questions about energy efficiency practices, the quality of windows, and other building attributes that have a bearing on utility costs.

• Strata Fees – Every condo resort charges fees for the upkeep of the property and common areas. Ask for a copy of the strata program rules, and learn what will and will not be covered by your condo fees.  For instance, content insurance, water, utilities, Wi-Fi and cable are the types of expenses not normally  covered by monthly strata fees.

• Location – Do you want to wake up each morning and see the ocean?  Or do you prefer to watch the sunset on a golf course?  How important is it to be able to walk to restaurants and grocery stores.  Give some thought to the type of neighbourhoods that best suit your lifestyle so that you can be efficient with the time you spend touring properties for sale.

 

 

 

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