The Cayman Islands has grown to become one of the hottest island destinations in the world, rivaling the likes of The Bahamas or Tahiti. It’s also becoming a prime destination for domestic and foreign investment money. Here are just a few of the reasons why smart investors are flocking to buy real estate on Cayman Islands.
Inventory is Up
There are new developments springing up almost daily, thanks to the thriving international banking industry on Grand Cayman. This financial hub has helped fuel a richer growth in the area, making the island chain an attractive for tourists and new residents. The Seven Mile Beach area is especially abuzz with new Cayman Islands condos offering luxury amenities. This area offers an attractive locale near the major city.
Tax Free Income
The income that a property earns from rentals is considered tax free, as is the property itself. Any investor with a keen eye on cost will recognize this is a pretty substantial savings. The lack of property taxes almost covers the amount of maintenance the house will need over its lifetime, and any money made on rentals is essentially profit once the small stamp duty has been paid on leases. As far as long term holdings go, Grand Cayman’s explosive growth record nearly speaks for itself. Enjoying almost 60 consecutive years of growth, the island that time had once forgotten is now one of the world’s premier investment spots.
Come and Visit
Take advantage of these luxury rentals, and see for yourself what Cayman Islands can be. Once you see the quality of life, thriving job market, and top notch schooling, you’ll come to understand why so many people consider the Cayman Islands the perfect destination for rental properties.
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