The Cayman Islands holds one of the highest standards of living in the entire Caribbean. From luxurious condos to quaint homes tucked away in the inner region of the island, the Cayman Islands offers world class beauty in its own right. For those fortunate enough to own one of the many Cayman Islands luxury real estate properties, there is a lifetime of adventure and discovery waiting.
Why Do People Move to the Cayman Islands?
You can own a piece of this paradise too, as there are a multitude of homes for sale on the Cayman Islands. People from all over the world purchase real estate on the Cayman Islands for a variety of reasons – the obvious being a release from the typical city hustle and bustle. Another is because it serves as a great source for rental income. The reality about the Cayman Islands is that it serves not only as a beautiful destination to visit, but also as a fantastic investment opportunity. Most of you are aware that during the summer, flocks of travelers come into town looking for temporary residency for vacation. By owning a rental home or a condo, you can actually market it around the general price consensus during the season – which can be fairly high.
What’s In It for You?
In addition to the ultra-luxurious beach front and the amazing culture, residents also do not have to pay annual property taxes on their homes. There are also no capital gains tax nor income tax that homeowners have to worry about too. This is one of the biggest selling points of the Cayman Islands and it remains the same today.
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