The post on Land Abroad mentioned that buying land in Little Cayman, the smallest of the three Cayman Islands, is a good investment option. We saw that this small island has the world’s top wall diving facility and a small islet off its south coast that can be reached in a kayak. We also mentioned that the small island with a small population could just be the place some people could be looking for.

In the above post, we also mentioned that investment in Little Cayman land is safe as it forms part of Cayman Islands where British Common Law applies and Cayman government permits foreign ownership of land. In this post we look at this issue in a little more detail.

The Cayman is British Overseas Territory in the Caribbean with a governor appointed by the British Monarch and a parliament elected by Cayman citizens. There is political stability in the country and it also has one of the highest living standards in the world. The country is ranked as the fifth largest financial centre in the world.

Land records maintenance is another issue of importance for property investors. Cayman has an excellent system of land records maintenance with its Land & Survey Department allocating unique Block and Parcel number to each piece of land. And the country’s Planning Department keeps an eye on land use and keeps residential and commercial areas separate through zoning regulations.

In addition to tourists, whose flow will pick up once the world comes out of the current economic slump, Cayman is also a favourite destination for wealthy retirees from all over the world. The government of Cayman Islands welcomes such retirees by granting them long-term permanent residency status. These wealthy individuals and the high net worth employees of the financial center are prospective customers for land in the Cayman Islands.

Buying land in the Cayman Islands, including Little Cayman, is thus a good investment option.

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