There has never been a better time to invest in real estate in the Cayman Islands. With perhaps the Caribbean’s most stable and robust economy - and a standard of living that rivals any European capital – new buyers and investors can find incredible value in the Cayman real estate market. The Cayman Islands is a British Overseas Territory and a model place to own property. Attractively featuring no annual property, corporate or income taxes – Cayman offers many attractive benefits to perceptive investors. The presence of a strong rental market, no capital gains taxation and a wide variety of properties for sale make our market here uniquely suited to purchasers of all kinds.
Buying property in Cayman has many distinct advantages and there are no restrictions on foreign ownership of real estate for personal use. Moreover, if a property is purchased as a pure investment vehicle then no tourist tax shall be levied if the property is rented to local residents. The government also guarantees title in Cayman, something that ensures the safe and secure transfer of land in the nation. All real estate is registered with the government using a unique block and parcel number and all the owner of real property are registered. The right of ownership of real estate is absolutely guaranteed. Investors can inspect the official records pertaining to any piece of property in Cayman and confirm in real time whether any charges, liens or encumbrances existbefore buying. As mentioned previously there are no property taxes in the Cayman Islands. It is important, however, for buyers new to the island to plan for the government-levied stamp duty. This is a one-time fee payable on nearly all real estate transfers and purchases at a rate of 7.5% of the total purchase price of the property less the chattels. Chattels are the local term for home furnishings. This payment is made directly to the government.
The Cayman Islands is widely regarded as one of the most beautiful tropical paradises in the world. It is safe, secure, stable and simply gorgeous. The infrastructure, utilities and political climate are steady and reliable. Building standards are high. The quality of life is second to none.When considering an international real estate investment, there are few places that rival the Cayman Islands.