With no property taxes, owning land in Cayman is a solid and hassle free investment. You can build when you are ready, or sell the land for a profit when it is convenient or necessary.
Land currently for sale however, shows an entirely different story: perhaps affected by the optimism prevalent in the Seven Mile Beach condo market, the price of land has dramatically increased. Beachfront house lots are also in great demand all over the Island and prices have risen to reflect that. Canal-front lots with good views are also in demand, and if you cannot afford a beachfront place, then you can still enjoy Cayman’s wonderful water with a boat and a canal home.