07 May 2020
“Don’t wait to buy real estate. Buy real estate and wait.”
That is the decision many people are pondering during this dynamic period in the markets. One thing is certain – no one knows exactly where the real estate market is heading this year. Some industry representatives suggest a decline in prices and a slowing pace of sales. Others argue that market demand remains strong and in fact, in some sectors demand is increasing. These trends will vary by market area, including in the Caribbean.
In the Cayman Islands specifically, some island realtors report that demand remains brisk, including demand from offshore buyers seeking to acquire recreational properties in lower density areas and to establish permanent residency. Based on that market feedback, here are five reasons why buying real estate in the Cayman Islands right now could be a good thing:
Those with patient capital know this is a time to remain invested in the Cayman Islands and to seek opportunities now, before markets rebound and tourists and property investors return to continue the recent propulsion of property prices. if you want to discuss your options for property purchases in or relocation to the Cayman Islands.
About the author
Sue Nickason has been VP Marketing and Sales at Dart Real Estate since May 2017. Originally from Canada, Sue has worked in luxury residential-resort development in the Caribbean for over a decade. Sue and her team are committed to promoting the unique value proposition of the Cayman Islands to those seeking to establish a personal and/or corporate presence here. They serve as trusted advisors and offer exceptional service, timely market information and a warm “Caymankind” welcome. Sue earned a BA (Honours) from Mount Allison University, an MBA (Distinction) from University of Guelph and has completed studies/earned certificates in journalism, economic development, adult education, customer service, revenue management, and protocol. Sue is a member of the Christie’s International Real Estate Master’s Circle and an Angel in the 100 Women in Finance network.