Cayman Islands Real Estate
Browse this business category for valuable information about real estate in the Cayman Islands. Find out why investing in property in Grand Cayman, Cayman Brac or Little Cayman can offer substantial return on investment and opportunities for recurring income and asset protection.
Why Invest in Cayman Real Estate
One of the main factors that truly sets Cayman apart from most other Caribbean islands is that Cayman has no direct taxes:
• no income tax • no capital gains tax • no property tax • no inheritance tax
The Cayman Islands real estate market offers the serious investor many great opportunities to make substantial gains over their investment in just a few years. There are a number of reasons why real estate investors are attracted to the Cayman Islands. There are no restrictions on foreign ownership of land in the Cayman Islands. A modern land registration system is run by the Government's Department of Lands and Survey. Stamp duty is payable on transfers of land and mortgage deeds.
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Cayman Islands Real Estate Opportunities
The Cayman Islands real estate market offers the serious investor many great opportunities to make substantial gains over their investment in just a few years. Real estate prices continue to increase each year, but many great bargins can still to be found, if you know where to look.
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Summary of Cayman's Real Estate Market
From a plot of land on the bluff in Cayman Brac to a penthouse on the ocean along Seven Mile Beach, the Cayman Islands has an incredibly diverse property inventory which attracts investors from far and wide. Whether you’re looking for your own little Caribbean dream hide-away, or a family home there is something on Cayman to suit every pocket and taste.
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Tax Free Property Investments
There are many sound reasons for investing in property in the Cayman Islands, not only is it a uniquely beautiful place, it also has the most perfect climate in the world, (well nearly perfect if you don’t count the hurricanes!). The main reasons why so many people choose to buy a home here however, are because there are no annual property taxes and not only are there no restrictions on foreign ownership, overseas investors are positively encouraged. All property is registered under a unique block and parcel number so every owner is registered and the Government guarantees that right of ownership. Anyone wanting to buy themselves a piece of real estate can look at the records regarding any piece of property and check whether there are any liens, charges or restrictions on it.
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Grand Cayman Real Estate Booming
- Source: Kim Lund - Remax Cayman Islands
Development and real estate activity in Grand Cayman is booming. If there was ever an opportunity to make a sound investment in our real estate market, this is the time. Almost anywhere you invest, now, should reap double digit returns on investment over the next five years or longer. However, there are some better locations and opportunities, based on where the demand and development will be focused.
You need to look at our market, identify the trends, and focus on areas where demand is increasing and the infrastructure is improving. In some cases, this is easy to see. Yet, there are other areas where activity and future potential is not so obvious. In these instances, yields will be greater due to the starting price point being lower.
The area of the greatest returns, bar none, will be the Seven Mile Beach corridor. This is the money strip for all of the Cayman Islands. Government gets the greatest return from Stamp Duty on real estate sales, customs duty on imported building supplies and food items, accommodation tax from tourist rentals, work permit fees from all the hospitality and construction staff working in this area, etc., etc., etc. Bottom line, this is the golden strip for government and the private industry. Period.
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