Life on Grand Cayman is as glorious as people make it out to be. Although the topic of residency isn’t as common as say, New York City or Los Angeles, Grand Cayman offers an unbelievably beautiful setting that you can call home. Here are some key aspects below that will give you better insight onto why Grand Cayman’s real estate market is an opportunistic one.
Note that Grand Cayman is highly affluent with low crime rates. It’s crucial to reside in a community that’s safe and managed appropriately. The crime rate has decreased substantially and now has some of the lowest crime rates in the world.
The real estate in Grand Cayman ranges from luxury estates to simplistic condos. Their Caribbean vacation homes are a true spectacle to see – not to mention affordable as well.
An alternative to living in Grand Cayman is partaking in the real estate market via investing. An island that most people dream to live in, the Cayman Islands real estate market has blossomed into a respectable and prosperous industry that’s opening up to a wide audience of individuals searching for a second or third home, or even to rent it out to visitors.
To sum it up, one of the major reasons why people are looking to buy real estate in the Cayman Islands is because it’s tax free. There are no income taxes, no capital gains tax, and not to mention the absolute best diving in the Western Hemisphere. All of this within 3 hours of the greater USA, why wouldn’t you come to the Cayman Islands?