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What Makes Grand Cayman Property for Sale So Attractive?
30 April
2021
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What Makes Grand Cayman Property for Sale So Attractive?

Grand Cayman, and the other Cayman Islands, Little Cayman, and Cayman Brac, have a wealth of opportunities for prospective buyers looking to make their dream of owning land on a tropical island a reality.

Grand Cayman, specifically, with its well-developed infrastructure and the amount of space it offers, has a strong draw, not only for local buyers but for buyers from overseas. For anyone looking to create a home away from home in the tropics, the Cayman Islands stand nearly alone in the diversity of the tangible benefits they offer.

The market for Grand Cayman property for sale is and has been strong for a long time, and is attracting buyers from all over the world. Here’s what makes it such an attractive prospect.

  1. The island is beautiful and has attractive weather, year-round.

First up on the list is the simple fact that Grand Cayman in specific and the Cayman Islands, in general, present an attractive lifestyle, beautiful land and seascapes, and great weather year-round. If you love the sun and warm temperatures and enjoy the sea and sand, there’s better than a good chance that you’ll enjoy the Cayman Islands, whether to buy or just to visit.

Grand Cayman has an attractive mix of historical sights to see, things to do, and natural beauty. There is also a great diversity of fauna, including rare, beautiful birds and marine life that draw interested people from all over the world. The weather is also pleasant year-round.

George Town’s annual average temperature is just about 80 degrees Fahrenheit, experiencing hotter, humid summers and slightly cooler and drier (but still warm) Fall and Winter seasons. Throughout the year, the weather features plenty of sun. It’s a tropical location; it’s what you might expect for such.

There aren’t many places in the world that provide such a unique mix of beautiful weather, attractive vistas, and pleasant living as in the Cayman Islands, and for this reason, buyers come to our shores year after year hoping to fulfill their dreams of obtaining their own tropical getaway.

  1. Grand Cayman, as well as the other Cayman Islands, are very safe

For any buyers of real estate in any market, safety is always a concern. You would, justifiably, want to be assured that wherever you’re buying is in a safe community and will remain so for the foreseeable future. The Cayman Islands are not only close to the United States, but they are also one of the safest areas in the region.

You can travel freely in the Cayman Islands without a guide and enjoy all aspects of life there with little cause for concern. The fact that the islands are so safe raises another bonus for those interested in Grand Cayman property for sale: potential resale value.

Naturally, your first interest in safety would be for yourself and your family, should you choose to travel there or even live there. However, an added bonus is that, due in part to the safe communities in and stability of the Cayman Islands, home and property values are insulated.

This will make your time there all the more enjoyable, but it also makes the prospect of buying much more amenable and attractive, especially if your end game is not a new home but an investment.

  1. The islands enjoy a stable political environment

Another big draw of Grand Cayman property for sale is that the Cayman Islands enjoy and have enjoyed a very stable political atmosphere for a long time. Especially for foreign buyers that can basically take their pick of where they invest, this is a big bonus. No one would willingly buy in an area that was in political turmoil or general instability. Unstable political conditions and domestic strife create similarly turbulent real estate markets. One day a property could hold great value, and the next, lose it.

Investing in the Cayman Islands is a safe prospect that presents minimal risk. There has been general peace and stability in the Cayman Islands for their entire modern history, which stretches back several hundred years. Ever since the Cayman Islands came under British rule (pursuant to the Treaty of Madrid in 1670 when The Caymans and Jamaica came under British dominion; today, the Cayman Islands are a self-governing dependent territory) they have enjoyed relative peace and prosperity. This continues to the present day and the benefits extend to those who are interested in property here.

  1. The Cayman Islands are tax neutral

The Cayman Islands also present very favorable conditions for many investors around the world because they can be called tax neutral. There are no income tax, capital gains or inheritance taxes or annual property tax.

  1. The Islands enjoy all of the benefits of modern infrastructure

Modern infrastructure is another benefit of the Cayman Islands that draws not only potential investors and buyers but also many tourists, every year. This, coupled with the fact that the islands are safe, beautiful, and have so much to do, brings in a reliable stream of visitors and buyers.

Due to the relative wealth and prosperity of the islands, visitors and residents alike can enjoy the perks and advantages of modern infrastructure that includes but is not limited to plenty of new developments, attractions, facilities, and much more.

This, along with the fact that the Cayman Islands are a British-dependent territory also are attractive to buyers from the United States specifically.

  1. The Caymans are friendly to foreign buyers and owners

On that last note mentioned, the Cayman Islands are friendly to foreign buyers, which can’t be said of many other countries around the world. The truth is that the Cayman Islands may be one of the most foreign-friendly investment locations in the world.

Unlike in many other countries around the world, the Cayman Islands impose no restrictions on ownership of property by foreign individuals. Ownership is guaranteed and the process of purchasing and registering land is relatively simple - of course, it has its nuances, and for that, you should accept the help of an expert.

Nonetheless, the fact that the Cayman Islands are and have been warmly welcoming of foreign buyers has kept the market for Grand Cayman property for sale healthy. If you’re reading this in the United States, for example, and you’ve always wanted to own land in an island nation but were put off by uncertainty or complexity of the process, the Cayman Islands might just be able to offer you some respite.

  1. Proximity to entertainment and sights to see.

Getting away from these more calculable benefits and into the soft draws of the region, there is also the fact that Grand Cayman is the more developed and busier of the Cayman Islands. If you’re into shopping, great food, history, natural beauty, and other cultural things to do and see, Grand Cayman will draw you like a magnet.

Grand Cayman is home to the islands’ capital, George Town, as well as Seven Mile Beach, which is beautiful, provides no shortage of activities, and has plenty of condos and homes for sale. Grand Cayman is also home to Stingray City, West Bay Beach, the Cayman Crystal Caves, the Kittiwake Shipwreck, and a wealth of other cultural, historic, and natural attractions.

Whether you can’t get enough of local culture or just like to soak up the rays and the lounge by the water, there is a world of opportunity for you to discover in Grand Cayman.

  1. You’re never too far from peace and quiet.

Despite being the most populous and the most well-developed of the Cayman Islands, Grand Cayman is not far from quiet and relaxation. In addition to Grand Cayman’s draws, the Sister Islands, Cayman Brac and Little Cayman, offer plenty of additional sightseeing and activities, and they are only a short flight or a boat trip away from Grand Cayman.

Cayman Brac, in particular, is renowned for its natural beauty and its flora and fauna. Those who enjoy the bustle of Grand Cayman but enjoy a getaway will love the proximity to the smaller islands, which offer plenty of opportunities to unwind and get back to nature. Whether you enjoy birdwatching, snorkeling, diving, fishing, sailing, watersports, or even exploring trails, there are plenty of opportunities waiting for you in the Sister Islands.

  1. Opportunities to build a home or even a business.

Another great thing about Cayman Islands property for sale is that there is diversity in the listings and opportunity to be discovered by enterprising buyers and investors.

For those of you looking to get a home away from home that you can move right into, there are homes and condos in the Cayman Islands that are just waiting for the right buyer to come along. Condos have community living built right into the prospect and are ideal for those looking for a swift and easy transition.

In addition to the Cayman Islands’ homes and condos, there are commercial listings and raw land. If it’s your dream to begin a commercial endeavor or create your own home or business from the ground up, you can make it happen with a tasteful investment in the right parcel of land.

It really all depends on your personal goals, but with a vision, determination, and the help of experienced Cayman Islands Real Estate Professionals, you can make it happen.

  1. Real estate law is consistent across the Islands and districts.

Another thing that makes real estate in the Cayman Islands attractive, particularly to foreign buyers, is the fact that the law is consistent not only across the districts but across the islands. This simplifies what would otherwise be a very complicated and harrowing process. In many instances, the purchase of property is a taxing experience, especially in an international market. Luckily, for those interested in what the Cayman Islands have to offer, it is as simplified and streamlined as it could reasonably be.

  1. The value of investment.

Finally, the value of investment is attractive to those who would purchase a property in Grand Cayman. Property is generally one of the most appreciable assets an individual can own, and when wisely researched and acquired, can serve as an excellent long-term investment.

When you take into account all of the unique features that have been covered in this article, this makes the prospect of investment in the Cayman Islands all the more attractive. This doesn't even mean that you need to buy with the intention of investment. A condo or a home purchased today with the intention of living in it might still very well appreciate in value, serving more than one role.

Nothing is ever guaranteed, but the value of property in the Cayman Islands has been secure for a long time.

These are only some of the features of life in Grand Cayman that make it so appealing to residents as well as visitors and foreign buyers. Many others will only become apparent after you’ve actually been here or lived here for a while.

For those of you that are taking the prospect of a purchase seriously, let us help you simplify the process. We know the market and have been serving interested buyers for many years and are ready to serve you.

Our team of professionals will get to know your aims and goals and will help you get there, step by step. We’ll help you locate the properties that will appeal most to you and won’t be satisfied until you are. It all starts with a call - get in touch with us at 345-949-5250 or email us at info@crightonproperties.com.

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