Housing Chances In The Cayman Islands

Housing Chances In The Cayman Islands

By:


Since the early 1970s, the Cayman Islands have been developing both commercially and residentially. This development has turned them into an economic and tourist powerhouse on the international scene. This makes checking potential investments in the island a wise consideration.

One of the huge recent plans by Remax is the construction of 5 new hotels in the next two years. As ambitious as it sounds, the capacity for its tourism industry is reaching its limits, and the expansion is severely needed and will be a welcome addition, as it will bring more money into the islands. Major players in the hotel game are reportedly competing for the action. Names such as: Park Hyatt, Hilton, Wyndhamand Waldorf-Astoria.



Chairman of the National Investment Council , had this to say, "We have received several syndicates with funds willing to do the development, provided we are able to find the management, so it s a win-win situation". He went on to say this, "Once you can find a syndicate that can do the project, they tailor the project to the wishes and needs of the management. Then, obviously, it s a no-brainer because you get a 20 to 30-year contract that is very beneficial for the owner of the property so everybody benefits."

Another exhilarating development on the horizon for Remax is the development of a new hospital on the Cayman Islands. The Premier of the Cayman Islands, recently announced the plans for a US$2 billion hospital. This hospital is purported to hold 2,000 beds upon completion.

The hospital will be a great addition to the Cayman Islands already strong economic standing and infrastructure. Besides giving Caymanians an excellent health care facility, it is estimated to payout US$300 million in local labor for the culmination of the project over a duration of fifteen years.

The first phase of the project is planned as a 200-bed wing and will cost around $200 million.

The hospital has far reaching employment opportunities. By 2024, the hospital is expected to employ roughly 2,000 people, a great boost for Caymanian economy.

Aside from these big projects, Remax is also involved in your residential construction needs. Built to the same standards as Miami-Dade county Florida, you can be sure that your homes will be built to the up-to-date and strictest standards when it comes to hurricane preparedness. You can be comfortable in knowing that your home is prepared in case of some bad weather.

One of the most exciting things happening for Remax right now is the WaterColours. This 39-unit high-end development that offers the best in privacy and luxury began construction in late November of last year. Just recently, a significant milestone of construction occurred when the structural pile testing process began.

WaterColours is being developed on Seven Mile Beach, an area ripe with tourism. This makes it a prime spot for a luxury development such as itself. People will be able to walk to the beach from their own bedroom, adding to the desirability for such a structure.







Long Term properties are another one of Remax s finer points. Many people decide that they love the Cayman Islands so much that they would like to stay for a while, possibly even make a home. Some of these long term properties will make you fall in love as soon as you see them. Imagine walking down to the beach as the cool ocean breeze breaks across the new sun rising over the horizon. Reamx can get you into the property you want and set up the business you need with speed and efficiency.

The Cayman Islands are a financial center of the world, ranked as number 12 most high GDP in the world. A place for banking champions and the fashionable, a place in the Cayman Islands is certainly a place to be when you are looking to be in the excitement of the fast paced life, and Remax can get you into the exact kind of place you are looking for to get the uttermost enjoyment out of your experience there.

On the flip side, if you are looking for a relaxing, tranquil place on the beach. A place to retreat from a long days work or a vacation spot for the family, Remax can get you into those quality placements that you seek.

About the Author:
http://www.caymanislandliving.com



Article Originally Published On: http://www.articlesnatch.com


Tags:

|

Loading...
Related....
Videos...

Recent Real-Estate Articles

Comments

Still can't find what you are looking for? Search for it!

Loading

Site Navigation:

Copyright 2005-2011 ArticleSnatch, LLC - All Rights Reserved.
Privacy Policy | Terms of Service.