Why Cayman Should be Your Next Investment Destination
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The undeniable beauty of the Cayman Islands is one of the primary reasons why it has become a go-to destination for tourists. However, did you also know that it has one of the most robust and desirable real estate markets in the entire world? It’s true, all signs are pointing upwards as Cayman real estate is seeing new residential developments each year.
Cayman Islands Condo
Vacation condos are one of the more common choices for investors. Ranging from opulent residences to modest vacation getaways, they’re a dependable source of rental income.
They also serve as beautiful vacation homes that you and your family can enjoy year-round. During the high season, condos are in high demand. Tourists flock to the islands to experience some fun in the sun. Furthermore, a high return on investment is expected for all condo owners.
Information for investing in a condo on the Cayman Islands can be found through a local real estate agent. Before you begin your investment journey, seek out the advice of one these agents as they know the lay of the land and can pinpoint which area is right for you.
Seven Mile Beach
One of the more popular destinations for travelers is the Seven Mile Beach. This stunning stretch of fine white sand has been the calling card for anyone seeking a true taste of the Caribbean. It’s a desirable area that sees plenty of foot traffic year-round. With nearby dining and shopping, it has become one of the most coveted neighborhoods on the island. Condos on the Seven Mile beach range from smaller, quiet neighborhoods away from the beach to luxurious developments located in the heart of the action.
The International Travel Check List: Four To Dos Before Departure
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Booking an international trip can be exhilarating, until the reality of preparation sets in. Most of us don’t have a butler to handle our preparations for us, so these tips will give you peace of mind before you depart. You don’t want to be 12 hours away from home and forget something crucial, so use this check list to make sure you don’t forget anything.
Passports
You’ll need significant time to order and have a passport shipped to you, and pay a small fee. Take care of this during the trip planning, or shortly after. If you already have your passport, check its expiration date before booking.
You should also bring copies of your passport. It may not 100% pass in all situations, but it’s better to be prepared for the worst.
Conversion
If you convert money at an airport, you’ll likely pay higher rates for the privilege. Instead, contact your bank and ask if there are international processing fees involved with an ATM transaction. If there are, you can take out a few hundred every couple of days to reduce the costs. You’ll end up paying less overall, and cash is important.
Research the Area
Guidebooks are your friend, but you can find a great deal of information online as well. Look for any events that may be going on while you’re there too. Events make the trip just a bit more memorable, especially depending on what you’ve come to see.
One Final Tip
If you plan to bring a phone with you to another country, you’ll need a proper charger to use it.
Phineas Upham is an investor from NYC and SF. You may contact Phin on his Phineas Upham website or Twitter page.