The Cayman Islands are beginning one of the best periods ever for capital appreciation and growth in their real estate market. In some instances, prices will double in the next three to five years. Returns on investment should be nothing short of extraordinary.
Under normal circumstances, investment returns would not be as strong in such a short period of time. However, the Cayman Islands have been through some hardships over the last five years that have been far from normal. It has taken from early 2000 until 2006 to work through these difficult times, in order for the market to be positioned for rampant growth.
It has been the perfect storm of negative impacts to our real estate industry since we rolled over from the 1990's into this decade - overbuilding and oversupply, terrorist attacks of September 11/01, financial industry weakness, tourism declines for five straight years, and low demand. It couldn't have gotten much worse for our real estate market. This cycle has now bottomed out and is rapidly heading upwards.