Cayman Real Estate: Relocating To Paradise
Have you ever dreamed of relocating to a tropical paradise? Then, the Cayman Islands could be your perfect destination. With its crystal-clear waters, beautiful beaches, stunning sunsets, and outstanding Cayman Real Estate, this Caribbean nation is the ideal place to call home.
Our Cayman Islands Sotheby’s International Realty team will make the process seamless, and you’ll be living in paradise in your new home before you know it.
Let’s explore some of the top reasons you should consider relocating to the Cayman Islands.
Relocating to the Cayman Islands
You’re not alone if you’re considering relocating to the Cayman Islands. The Cayman Islands are one of the most popular destinations, and it’s easy to see why. Whether you’re searching for a beachfront property or a more secluded location, there’s a perfect spot on one of the three islands: Grand Cayman, Cayman Brac, or Little Cayman. And with a wide range of properties available, from luxury apartments to canal-front family homes, you’re sure to find something that fits your lifestyle.
If you’re worried about adjusting to island life, don’t be. The Cayman Islands are extraordinarily welcoming and offer a great community feel. There are plenty of activities and clubs to get involved in, so you’ll quickly make friends and feel at home in no time.
Living in the Cayman Islands
A Great Lifestyle
The Cayman Islands are a top destination for second/third home buyers, retirees, and professionals and families looking for a new lifestyle. Here you can expect one of the highest standards of living in the region. Excellent infrastructure, including the international airport, outstanding health care and education system, low crime rates, strong Cayman real estate market, and all the modern conveniences such as fibre internet and supermarkets packed with international products.
So Much To Do
With plenty of restaurants, shops, and nightlife to enjoy, you won’t be short on things to occupy your time. It’s also an excellent place to take up a new hobby or activity, such as snorkeling or diving. There are plenty of activities for all ages, including water sports, golfing, fishing and sailing. And, of course, living in the Cayman Islands also means having easy access to some of the most beautiful beaches in the Caribbean.
Buying Cayman Real Estate
Strong Real Estate Market
The regulated environment of the Cayman Islands makes it a great place to buy property. Investors enjoy stability and tax-neutral status with no annual property taxes. Plus, the local bank will work with well-qualified buyers from around the world if you require financing. Additionally, foreigners can buy and sell property without any restrictions.
Cayman Real Estate Fees
Cayman real estate purchases are subject to a Stamp duty of 7.5% of the price or market value, whichever is higher. Purchases below CI$300,000 will incur a 1% additional stamp duty, while purchases over this amount will have an additional 1.5%. In addition, other legal and administrative fees are associated with buying a property in the Cayman Islands, and buyers should expect to pay around 1% of their purchase price to cover these costs.
Types of Cayman Real Estate
Cayman real estate offers a wide variety of options, from luxury real estate developments, beachfront condos, family homes in desirable residential areas, townhomes or ultra-modern condos catering to those seeking a high-end lifestyle. So whether you are looking for an investment property, a beachfront home, or something else entirely, the Cayman real estate market has variety, quality and choice.
A Piece of Paradise
From its breathtaking beaches, high standard of living, world-class amenities, and endless things to do, the islands have something to offer everyone. With so many opportunities available, it’s easy to see why so many people are attracted to buying a slice of paradise here.