Invest and thrive with your Cayman Islands property

Written by Posted On Wednesday, 29 March 2017 03:06

As you look for your place in the sun, a dream home on the tropical paradise that is the Cayman Islands beckons. The appeal of living on an unspoiled island where you are never far from a pristine beach edged by a crystal clear blue water is immense. It is no wonder that vacationers, expats, locals, divers, retirees, adventure-seekers all want a Cayman Islands home.

The demand has created a dynamic real estate market on the Cayman Islands, where the volume of transactions is ever-rising and a large chunk of prospective buyers are from anywhere in the world. There are upwards of 100 nationalities living here!

Invest in Cayman Islands Real Estate

There are thousands of properties for sale in the Caribbean. But many people gravitate to the Cayman Islands to buy property. While its natural beauty is an obvious magnet, there are a multitude of other reasons: Starting with its high standard of living and good governance to business-friendly policies and robust legal framework. The fact that it is a British Overseas Territory certainly helps, as does being a thriving international financial services center.

Your piece of Cayman Islands real estate is not only your second (or primary) home but also an excellent investment, ensuring guaranteed appreciation in value should you choose to sell later.

While the high demand has made it a seller’s market, you will find homes with a range of prices on the three islands: From ultra-luxurious beachfront villas on the Seven Mile Beach corridor to upscale condominiums and from sophisticated townhouses to standalone canal-facing houses with gorgeous views on Grand Cayman. So do your research to find one most in tune with your budget, requirements, and yes, dreams.

The Cayman Islands

Perhaps the biggest boost to buying property in the Cayman Islands comes from the fact that foreign investment in the real estate market is welcome. There are no restrictions to foreign ownership of property, and, being tax-neutral, the islands have no property tax. Even rental income is not taxed. The government recognizes the contribution of foreign investment in the development of the Cayman Islands.

The real estate market is well-regulated, and titles to property are guaranteed by the government. Transfer of property titles is free of red tape, making buy your dream home a straightforward process. To top it all, there are several reputed real estate companies with international experience offering end-to-end solutions – whether you are planning to buy or sell property in the Cayman Islands. Work with a Cayman Islands Real Estate Brokers Association (CIREBA) to gain access to multiple listings. CIREBA monitors most buying and selling of real estate in the Cayman Islands, and its members need to adhere to strict regulations to ensure transparency and customer service.

Buying a home in the Cayman Islands will be life-changing – for the better. There’s sun, sand, tranquility, and a friendly people awaiting you. Just make the move.

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