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Pros and Cons: Buying Real Estate In and Around Georgetown

April 14, 2015 by · Leave a Comment 

Written by: RE/MAX Cayman Islands

Summary: Before you buy property in Georgetown, read on for tips on what you need to know.

Georgetown is the capital of the Cayman Islands, and it is situated on Grand Cayman. The town is known well by financial professionals, but tourists are most likely more familiar with the surrounding areas like Seven Mile Beach. If you’re a potential investor for Cayman Islands commercial property, Georgetown is where you want to buy. Individuals don’t have such an easy choice to make, but understanding the pros and cons to each area is a good place to start.

Cons

Georgetown is very populated, as opposed to a place like Seven Mile Beach which has long stretches where the density is lower. Those seeking solitude and seclusion aren’t going to find it in Georgetown.

Finally, there is rush hour. Compared to New York, it’s not much but rush hour can cause traffic jams that beach dwellers aren’t going to deal with.

Pros

Most tourists have seen or passed through the area, most likely on a cruise ship. Georgetown is clean, attractive and has a certain “wow” factor to it that Grand Cayman seems to carry. It’s a center for business and commerce, so there is a fairly thriving financial sector and days get busy here. You’ll also find some of the finest luxury condos in Georgetown, but there are exceptions.

Overall, Georgetown is well-developed and offers city living in a portside atmosphere. Georgetown also offers access to and from the island, so most people need to pass through the city for the airport or sea port. People who choose to live full time in Grand Cayman will also benefit from the private schools situated in and around Georgetown.

Bio: RE/MAX Cayman Islands specializes in Cayman luxury property in the heart of the Cayman Islands.