New demographics of buyers
Just recently, I have been receiving an increasingly frequent influx of calls from U.S.-based people looking to invest in Cayman real estate as a way of diversifying their portfolios and protecting their assets. Dissatisfied with the political direction in their home country and low interest rates yielding very little on cash deposits, they are looking at other safe and stable environments within which to place their investments and protect their wealth for themselves and generations to come.
With its easy accessibility to the U.S., low crime rate, warm weather and sophisticated infrastructure, I am happy to advise them that Cayman fits the bill perfectly.
Let’s be clear here: this is not about tax evasion; it’s about asset protection to ensure that they have their hard earned funds invested in something that will eventually yield financial rewards, while at the same time offer a wonderful opportunity for themselves and their loved ones to enjoy a firstclass vacation in the Caribbean sunshine.
Cayman is quickly becoming the No. 1 choice for North American investors and I am delighted to be able to assist them with their investment decision. The islands offer a firstclass destination for vacationers eager to escape the North American winter and with our excellent airlinks that fly directly to many major North American cities, such as New York, Houston, Dallas, Chicago, Atlanta and Toronto, we are able to reach out to a large segment of the market.
This can only bring benefit to the Cayman Islands as a whole, injecting cash into the economy through real estate duties and fees and subsequently into the hospitality and retail markets as these visitors enjoy the islands during their stay.