You are at the right place if you have plans for the most beneficial Cayman Islands real estate deals to settle. Three islands of Cayman Islands - Grand Cayman, Cayman Brac Island and Little Cayman Island offer substantial benefits to their buyers and the property owners. With the beauty of sun-kissed beaches and crystal clear blue seawater, pleasant climate all throughout the year regardless of temperature differences of winter and summer, the photogenic Cayman Islands real estate sector is blessed with certain concessions and conditions such as:
- Zero taxes on property, capital gains, income and inheritances.
- Higher promises on per capita income.
- Easily communicable transportation system.
- Stabil political relations with the UK and US.
- Global acceptability of US currency.
While the property tax is removed to encourage more buying and selling of real estate in the Cayman Islands, the one time fee of stamp duty is also reduced by government from 7.5% (9% in some cases) to as low as 5% in all areas since November 14th, 2003. Along with these above positive aspects of Cayman Islands real estate, the registry system maintained by the government adds an additional level of comfort for both purchasers and owners.
All Cayman Islands real estate properties are titled as either freehold or leasehold, which can be held by single individuals, jointly with others or by a company. Foreigners can apply for ownership of Cayman Islands real estate for personal use without any hassles of legal registration. The business purpose of purchasing a property, of course, requires licensing, and the lender will demand a guarantee from the shareholders or the directors. The local banks of Cayman Islands encourage foreigners to purchase real estate properties by lending them 50% to 75% of the property value and for lending the banks require a first legal mortgage over the property.
Our Cayman Islands real estate properties are conveniently located within easy reach of anything you may need, including groceries, gourmet dining, amusement, shopping, bookstores, sports etc. Most of them are located in prestigious areas of the Cayman Islands, including:
- West Bay, Seven Mile Beach - West Bay claims to be a beautiful location to buy a Cayman Islands real estate property, especially being neare Seven Mile Beach and only 15 to 20 minutes away from town. You may find shopping centers, grocery stores and restaurants here besides the beautiful and one of the most popular beaches of the Cayman Islands - Seven Mile Beach.
- George Town - The capital of the Grand Cayman island is no doubt the most highly sought after location among the Cayman Islands real estate buyers. Being the main stop of tourists, this area is flooded with innumerable places to access necessary and luxury products and services.
- Savannah, Lower Valley, New Lands, Pedro St. James - Buy inexpensive Cayman Islands real estate properties in this exotic location, where the government of the islands resides. This place is 10-15 minutes away from town, offers great environment for anyone.
