Safety is an important factor when looking for a investment opportunity and without a question the Cayman Islands ranks at the very highest level for both personal and investment safety and are the safest Islands in the Caribbean. No one wants to fear for themselves or their family’s safety. Who wants to have to look back over their shoulder, as they walk along the street or beach? The Cayman Islands are one of the safest destinations anywhere in the world. There is no begging or soliciting either. When it comes to buying land in the cayman islands and in terms of safety for your investment, the Cayman Islands are a sure bet as they are a British territory and have laws and regulations in place to protect your property and investment.
The Location of the Cayman Islands and the proximity from the USA are very important to the Cayman islands success as a resort destination and make buying land in the Cayman Islands an ideal opportunity to build your dream villas or as a investment. The Standard of living in Cayman Islands is second to none in the Caribbean, anyone who has travelled throughout the islands of the Caribbean can truly appreciate the high standard of living in the Cayman Islands. This sets the Cayman Islands apart from the other resort destinations due to the quality of life and peace the residents enjoy. People residing here come from almost 100 countries around the world. Hence these islands are both welcoming to tourists and expatriates alike. The Caymanian hospitality is well known to anyone who has visited or lived here.
The stability of the political system and economical are two very important reason’s that the Cayman Islands continue to prosper. A general election is held every four years and a democratic government is elected by the people. A new governor is also appointed by Britain every four years. Economically residents have benefited from two strong industries – tourism and financial.
There are approximately two million tourists who visit either by cruise ship or flights, on an annual basis. In addition to tourism the Cayman Islands have grown to become one of the largest financial centers in the world. There is no direct taxation in terms of property tax, income tax, sales tax , VAT, corporate tax, inheritance tax, or capital gains.
Within the Real Estate Market in the Cayman Islands their has always been quite a buoyant market, due to a steadily growing population base, from new residents arriving for employment and improving tourism. There tends to be two dominant real estate markets in the Cayman Islands. One is a resort market which caters to overseas visitors and investors. The other one is a local market catering more to residents living and residing here. There are no restrictions on foreign ownership and when it comes to buying land in the Cayman Islands transactions are generally simple to complete. A sophisticated and well organized Lands and Survey department ensures that property records and transactions are up to date and well maintained.
Market Values are currently very fair overall. The Cayman Islands does not usually experience the dramatic up and down swings of many other resort and residential markets. Over the next several years, there should be some strong capital appreciation. For those who want a tropical vacation home where their mind can be at ease, the Cayman Islands truly is paradise
