The verdant beauty of the Cayman Islands is creating fantastic investment opportunities, especially in the tourism and real estate sectors. A question that might arise in many minds is - why would the average American or European choose to own property in the Cayman Islands?
The answer is that Investment in Cayman is a four letter word - GAIN. The government of the Cayman Islands allows foreigners to own land on any of its three islands, without penalizing them - you do not have to pay capital gains tax or even income, property or inheritance tax. All you pay is the requisite stamp duty and furnish your personal information with proof and also proof of your source of funding. The government even guarantees the title to the land. And, you are allowed to completely inspect the details of the property you are interested in; the details of all land in the Cayman Islands are registered with the government. The other advantage is that it is a politically stable country. The third, and most compelling, reason is that it is an incredibly beautiful place - the ideal escape. So if you can afford to (the Cayman Island dollar is equal to US$1.25), go for it!
Properties in Cayman are typically classified on basis of their distance from Georgetown, the heartbeat of the island. It is located in Grand Cayman the largest of the three islands. This beautiful jewel in the sea has any number of beach front residential and commercial properties for hire or purchase. For instance, the Seven Mile Island can possible have seven full miles of residences. You can buy a house here for as low as CI$800. Savannah is the lower valley and is about 20 min from Georgetown and has affordable rates. East End also is the place for the average citizen how to become a real estate agent looking to buy a holiday home someplace else.
Frank Sound and Cottage and Rum Point, a little beyond, are high end properties with gorgeous townhouses. Naturally you would spend a little more to get away from it all. The more up market areas like South Sand have houses starting at CI$950. Sailors, though, can head to the North Sand, and anchor their boats in any of the thirteen docks available. Cayman Kai, a little beyond North Sound, is for the rich and famous with its sprawling villas for executives on a working vacation.
Cayman Brac is for people looking for absolute quiet and tranquility. Property in Little Cayman is a niche product for water sports enthusiasts. Both these islands are only a short flight away from Georgetown. There's something for everyone. Real Estate in Cayman is a truly lucrative investment option.
Properties in Grand Cayman
Most of the premium property - luxury properties, condos, homes, beach villas - is to found in Grand Cayman, from the luxurious villas and condos at Seven Mile Island to affordable homes and villas at the East End. Rental Properties in Grand Cayman also follow the same pattern. Diversity to suit all budgets is mostly available in Grand Cayman. But let's face it. Cayman Island is expensive, rental more so. A decent living accommodation at Seven mile will set you back at least $2500 per year. The prime properties with their five-star amenities naturally cost more. These are usually hotel apartments and so some of the overheads are simply passed onto you. It might just be cheaper to buy a house or even build one if you are going to live here several years.
Properties sale in Cayman
Properties Sale in Cayman can happen in a number of ways. Direct dealing with owners is one. The other more popular way is to tap the real estate management software very reliable Properties Agents in Cayman.
Properties Listing in Cayman has been done very systematically. It is also quite easily done because every bit of land is registered. The Cayman Properties list is a list of all real estate in the Cayman Islands. This makes Property Search Cayman a very user-friendly process. There are lovely colored photographs, offering different perspectives and also the currently available bargains. The same can be mailed to you.
John and his band of merry men! Leading Capital Realty, Cayman from the front is John. H.May. With more than thirty years of living in and understanding Grand Cayman, its people and their lifestyles and choices, we creatively analyze and interpret the existing market conditions for you, helping you strike a good deal. With an amazing talent of matching man to property, we enjoy the patronage of more than 5000(write the correct number here) satisfied customers. What makes us tick? Well, a thorough knowledge and understanding of the market, coupled with the negotiation skills to buy you your dream house at a dream price. We go the extra mile for all - tenants and owners, buyers and sellers, to create win-win situations. Our broad based repertoire of skills (our team has realtors, academicians, financial experts) fuels our ability to view a transaction from several perspectives and help clients arrive at the right decisions; this is the bedrock of our success.