The day has come that you are now financially capable to buy a second home abroad for when you retire or just purely a vacation home that you can also rent out to tourists for a side income.
You decided to google search “Cayman Property For Sale”, and landed here. It’s safe to say that you are definitely on the right page. There are no restrictions for everyone from a whole other country looking to buy property for sale in the Cayman Islands.
The Cayman Islands are ultimately popular among expats and visitors alike from all over the globe not just because it is known for having the best beaches in the world but also for its shopping scene. It is a common fact that the Cayman Islands is widely known as a shopping destination for people disembarking from cruise ships specifically when it comes to things like pieces of jewelry, high-end watches, and signature perfumes since in this country, those things are duty and tax-free. And if you’re fixating on a Cayman property for sale, you are definitely going to be making the wisest decision of your life since there are no annual property taxes in the Cayman Islands.
Apart from all the obvious reasons mentioned above, there still are many other benefits why looking into purchasing a Cayman property for sale is the right thing to do.
World Class and Safe
Being granted ownership of that Cayman property for sale comes with all the amenities that you could expect from a luxury Caribbean tourist destination. World-class restaurants, outdoor activities, a safe environment, and a low crime rate are what the Cayman Islands are known for. You can always rent out your unit to tourists or put it on Airbnb when you’re not on the island and not worry about your property’s safety, since the Cayman Islands were actually rated as one of the safest islands in 2019 .
Excellent Real Estate Investment
The Cayman Islands real estate market has seen consistent growth over the last twenty years and is currently growing faster than ever. The property market in this favorite Caribbean tourist destination is forecasted to continue to grow for years to come. This is because the islands are known for being a tax-exempt destination. The government has never levied income tax or any other wealth tax, so it’s an ultimate destination for many wealthy business people who want to maximize their income.
Quality of Family Life
If you decide to move and live permanently in the Cayman Islands, you should know that people are living the best high-standard quality of living here in this part of the world. They have excellent healthcare including four hospitals and a ratio of approximately 4.5 doctors for every 1000 residents . Mandatory health insurance is required for all full-time residents whether you are here working full-time or a retiree.
Education is also excellent in the Cayman Islands, offering both British and American curriculum which makes it easier for families with children transitioning to a whole other country. There are excellent public schools in the islands, however, they are only exclusive to Caymanian children. This makes private schools very popular and often competitive. It is wise to go for an early admission since waiting lists in private schools are not unusual.
Eclectic Organic Culinary Experience
The culinary experience in the Cayman Islands is an eclectic mix of gastronomic delights. Various restaurants in the Cayman Islands benefit from home-grown fresh produce and catch. With farm-to-table, sea-to-table practice, restaurateurs in these islands take great pride in working with the locals to help them bring the best variety of flavors this place is widely known for.
Looking for a real estate company you can trust to find that Cayman property you’ve always wanted? Check out crightonproperties.com for more information or better yet, pick up the phone and call to schedule an appointment at 345-949-5250.