Land Plots In The Caribbean
Sunday, 4. September 2011 17:50
The Caribbean Land plots available in the Cayman Islands are better value for several reasons. The Cayman is British Overseas Territory with a governor appointed by the British Monarch and a Legislative Assembly elected by Cayman citizens. A framework for good governance is in place including an electronic system for recording all land transactions with a unique ID for each piece of land.
In addition to being a typical Caribbean tourist destination with excellent beaches on the sparkling waters of the Caribbean Sea, the Cayman is also a top financial centre rated as the fifth largest in the world. Hundreds of bank offices, including the reputed UBS and Merrill Lynch, are located in the country’s capital, George Town.
The Cayman consists of three main islands, Grand Cayman, Cayman Brac and Little Cayman. Each island has its own unique attractions, in addition to the beaches and sea common to all.
Grand Cayman has a turtle farm where a rare species of turtle is nurtured for its meat. It also has the North Sound, an extensive lagoon that is almost half the area of the island at 35 square miles. It is a shallow lagoon protected by reefs from the open ocean, and is ideal for water sports such as diving, boating, kayaking and more.
Cayman Brac is known for a limestone ridge that starts from about the middle of the island and rises gradually to form a vertical cliff rising to 140 feet above the sea on the eastern coast of the island. The structure has also created many caves where visitors can explore delicate underground formations.
The Little Cayman has the top wall diving facility in the world. Wall diving involves scuba diving along an underwater cliff. In the Bloody Bay area, a vertical underwater cliff goes down to the ocean floor and the depth ranges from 18 feet to 1000 feet.
Land Plots with Caribbean Villas
Developed plots in approved layouts, with a dedicated villa design for each plot, are available on the three Cayman Islands as follows:
The Dubli Golf & Beach Resort is on the Grand Cayman, facing the Rum Point Beach on the north. It features a built-in four-hole golf course.
The Little Dolphin Estate is on the Cayman Brac, located amidst greenery and close to the northern beaches.
The Little Cayman Estate is on the Little Cayman Island and starts from the North Coast Beach.
The Lakeside Estate is also on the Little Cayman, adjacent to the Sandy Point Lake close to the south eastern beaches of the island.
All the plots come with infrastructure like asphalt roads and access to electric power, and also with a full suite of architectural and construction documents for the villa in one of the three designs – Single Level, Split Level or Duplex Townhouse.
A great attraction for these projects is the availability of finance and assured returns. The land price can be paid in five yearly installments. And the developers will provide assured returns at 4 percent per annum if you agree to give them an option to buy back the property (at 20 percent above the price you paid) during the five years.
These Caribbean land plots are indeed excellent value as investments.
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