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Options for Tax Free Property Investments in Grand Cayman

Historically speaking, property in Grand Cayman has performed well as a vessel for investment. That’s because the area continues to grow. Grand Cayman is a thriving financial center, with a bustling tourist industry attached. The island has monetized itself very well, which spells good things for potential investors looking for long-term value. The even better news is that there are options for almost every price level.

Tax-Free: What You Need to Know

Before we look at options, you need to know that the Cayman Islands has no property taxes. That means property in Cayman carries no annual financial obligations beyond any mortgage you may carry. However, properties are subject to a stamp duty that is due at time of sale. This fee helps fund the government of the Cayman Islands, and makes taxes a thing of the past.

Condos

Single-family residences are among the most expensive of Grand Cayman real estate, but there models that may fall within your price range. For those looking for less than a multi-million dollar home, Cayman Islands condos offer a significant benefit. In addition to the lower price tag, you also get amenities that make your stay more appealing. Pools, sunning patios and private beaches are possible with a condo.

Homes

Homes are the most expensive option, but the value of ownership is definitely worth it. Where homes make up their money, and even make more money, is as rental properties. Those who buy and hold Cayman property tend to rent their homes out for temporary residents on short-term stays. If you can get multiple tenants yearly, your property basically pays for itself.

Top Three Things to do in Grand Cayman

The Cayman Islands are a British Overseas Territory in the Western Caribbean Sea. Located to the south of Cuba and northwest of Jamaica, the island comprises of three parts: Grand Cayman, Cayman Brac and little Cayman. Most tourists opt to travel around each island using a grand cayman rent a car service. It is a much more convenient and enjoyable way of enjoying the islands.

The top three things to do in Grand Cayman (based on public favorites) are as follows:

  1. The Seven Mile Beach

The Seven Mile Beach, been lauded as one of the best Caribbean beaches for many years now, definitely tops the list for ‘Three Things to do in Grand Cayman’. The crescent shaped shores, the fresh smell of soft, coral sand and the sheer beauty of the place makes you fall in love with the place. Most of the top resorts are near Seven Mile beach along with beach bars, restaurants, boats, etc. People can enjoy this beautiful beach with their family and even with their pets.

  1. Mastic Trail

This 200-year-old trail is definitely on the top of to-do lists for nature lovers. This trail comprises of a native mangrove swamp, a 2-million-year-old woodland area and is surrounded by the island’s most colorful and rare plants.

  1. Stingray City

Located in the northern part of Grand Cayman, the city is basically a shallow sandbar where tourists can closely interact and feed Southern Atlantic Stingrays. It is safe for one who follows all the instructions properly. Most of the tourist favors a trip to stingray city.

The development of San Diego’s Little Italy

The neighborhood that we know today as “Little Italy” was originally a fishing town occupied predominately by Italian immigrants. It’s a hilly little place that has since been gentrified, and it now caters to high fashion and fine Italian dining. While it plays on the roots of Little Italy, the new place is a far cry from what the area used to be like.

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