As discussed in the post on Buying Property Overseas, investing in land abroad can produce high returns if you select the location to invest carefully and do a proper due diligence exercise to make sure that your investment will be safe. In this post we evaluate one particular location for land investment, viz. the Cayman Islands.

The Cayman is British Overseas Territory in the Caribbean where British Common Law applies. Three main islands, Grand Cayman, Cayman Brac and Little Cayman make up the Cayman Islands. All the islands share the top Caribbean tourist attraction of great beaches and a sunny and tropical environment while each island has its own unique ambiance and tourist attractions.

Cayman is not only a tourist destination but also a top financial centre in the world, ranked the fifth largest. There are hundreds of bank offices in its capital city, George Town, and these banks employ highly paid professionals. In addition to these high net worth employees, demand for land also comes from wealthy retirees who have chosen to retire to the safe and pleasing environs of the Cayman.

The Cayman has one of the highest living standards in the world.

Freehold foreign ownership of land is permitted in the Cayman Islands, which also have a good system of maintaining land records. Each piece of land has a unique Block and Parcel number allotted by the Land & Survey Department of the government. And the Land Planning Department ensures proper zoning to separate residential and commercial areas.

With a governor appointed by the British Monarch and a parliament elected by local citizens, the country has a stable government.

The Cayman Islands thus meets all the criteria for investing in land abroad viz. high purchasing power of local residents, increasing demand as tourism picks up, favourable legal position for foreign ownership of land and a stable government. Investors looking for land investments abroad will thus find the Cayman an ideal destination.

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