No income tax. No capital gains tax. No property tax. Sound like an investor's dream? It is. Welcome to the Cayman Islands real estate market, one of the best places to get the most out of your investment dollar. These tax benefits continue to appeal to numerous international investors each month, even as other real estate markets are sluggish to recover. Cayman Islands real estate is one of the Caribbean's soundest investment secrets. What these savvy buyers recognize is that the Cayman Islands real estate market provides an extensive inventory of properties valued at more than $1.5 billion dollars each year for tax-free purchase.
Along with the tax benefits of buying real estate in the Cayman Islands, and contrary to other Caribbean real estate markets, there are no foreign property ownership restrictions. Purchasing a condo on Seven Mile Beach, a Cayman Islands luxury home, a beachfront vacation rental, or even a parcel of land, means that your Cayman Islands purchase will be yours for life, with no restrictions or taxation.
While these tax and purchasing benefits would be enough for many, it is the beautiful tropical setting and warm, hospitable people that make visitors want to represent one of the most stable economics in the Caribbean. The extensive infrastructure of banks, state-of-the-art medical care, well-maintained roads, consistent utilities, and hundreds of dining and shopping options are comparable to many small cities. Combine these amenities with local hospitality and you have a world-class destination unlike any other. In fact, Forbes recently confirmed what locals have known for years, naming the Cayman Islands the Friendliest Country in the World.
In addition to being a safe, clean and modern tropical paradise, the Cayman Islands offer buyers another incentive to choose Cayman real estate to buy: the assurance that comes from working with licensed agents who are well-versed in modern real estate practices and are governed by the Cayman Islands Real Estate Brokers Association. The Cayman Islands real estate market is designed to meet the client's needs, ensuring that investors do not face any undue risks and that purchases can close on-time and with less paperwork than comparable real estate transactions in the United States or Europe.
Cayman Luxury Property Group, in conjunction with the Cayman Islands Real Estate Brokers Association (CIREBA) recently welcomed Guest Speaker, David Knox to the Cayman Islands. Mr. Knox held real estate seminars for all CIREBA Sales Agents spanning the course of two days at the Marriott hotel, Grand Cayman on October 14th and 15th. The real estate presentations were packed with the most up-to-date real estate practices and information and were designed to assist agents selling real estate here in Cayman.
The fourth marathon for Derek Haines is now complete! He finished the long race in San Francisco in 4 hours and 42 seconds. Well done! Another marathon down in the series of 6 marathons set to be run by Derek, totaling over 156 miles. He has undertaken this amazing feat in an effort to raise $1 Million Dollars for a new facility for the Cayman Hospice Care. Derek has committed to running six marathons having completed 4 to reach this impressive goal!
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