Buying a Property in the Cayman Islands
There are a lot of Caribbean destinations to choose from when buying a vacation property. If the Cayman Islands is on your list however, here are just a few of the reasons to help you tip the scales.
- No Taxes – there are no property taxes, no income tax, inheritance tax or capital gains tax in the Cayman Islands. When you buy a property there is only a one time stamp duty on the purchase.
- The Cayman Islands are an English speaking Overseas British Territory.
- Stable Economy – the Cayman Islands have a stable government and a strong economy based on tourism and international banking.
- No restrictions on foreign ownership – the Cayman Islands has an abundance of property types in a wide spectrum of price ranges.
- Seven Mile Beach – one of the best beaches in all the Caribbean
- Strong rental market – the tourist numbers in Cayman are very strong, meaning your investment property will never have a shortage of potential visitors.
Financing Your Cayman Dream Property
On top of the local banks, Carib Capital has a number of mortgage options in Grand Cayman for those looking to buy properties. Borrowing is not as easy in the Caribbean as it is in North America, and the costs of financing will be higher however there are options. The Cayman Islands is not just a destination for the rich, talk to us today about our financing options.
