With a solid property market, purchasing property on the Cayman Islands is a smart choice.
The Cayman Islands is one of the most regulated offshore financial centers in the world due to the favorable taxation laws along with the leniency in real estate taxes – none on capital gains, income, or profits for foreign investors. From a tax perspective, this makes the Cayman Islands appealing for real estate investors.
A Revamped Property Market
Following the global economic recession, the Cayman Islands have experienced sudden a resurgence in the real estate market, bringing in a plethora of investors looking into Cayman Islands residential rentals. The strong demand for vacation homes along with flourishing transaction sales has led to believe that buyers have returned to this property market to pick up where they left off
After picking up the pieces, the real estate market grew to meet the needs of buyer around the world. Surprisingly, the combination of all three islands has provided a diverse range of properties available to buyers. This means more opportunities for investors to match the strong demand. There are two types of buyers that come to the Cayman Islands: the resident and the investor.
Grand Cayman continues to remain a popular market due to it being the base of operations for the financial services industry. Its present growth has led many to believe that its demand will sustain itself. Take a look at a Grand Cayman property listing and you’ll understand why the demand is what it currently is right now. While this is great for individuals looking to relocate, it’s also equally beneficial for real estate investors as well. The potential for excellent returns remains high and it doesn’t look like it will be slowing down anytime soon.