When investing in land or property of any kind in a foreign location, the process can appear to loom and even cause stress. However, when buying land or property in the Cayman Islands, that will surprisingly not be the case.
So why exactly should foreigners in particular consider buying land for sale in the Cayman Islands? Let’s look at just six great reasons to do so!
1.A Caribbean Paradise Catered to You
Is there anything more iconically dream-like than living in a Caribbean paradise? You’re constantly surrounded by palm trees under a blue, cloudless sky while on a soft-sand beach with crystal blue water. What could anybody hate about that?
When you purchase land in the Cayman Islands, you can have that Caribbean paradise for yourself. While purchasing already built homes or other buildings can offer numerous advantages, there is nothing like buying land and having a world of possibilities at your fingertips.
Buying your own land provides you with the unique opportunity to design your own home or other such building that perfectly caters to you, your needs, and your desires.
2.Promising Real Estate Investment
Investing in real estate has long been known to be a unique and profitable opportunity for many. Real estate in the Cayman Islands is certainly no exception. In 2019, total real estate sales leapt to an astounding $800 million, according to a review by Charterland.
Not only that but real estate sales are expected to continue to be strong during 2022, even amidst the pandemic. Therefore, if you are looking to buy land or really any real estate property in the Cayman Islands, you can rest assured that you will have a substantial ROI.
3.English is the Native Language
Are you particularly worried about there being a potential language barrier when living in your Caribbean home? You need not worry any longer because English is the native language of the Cayman Islands, providing you with seamless communication and comfort.
4.Easy Purchasing Process for Foreigners
Many people assume that purchasing land in a foreign location can be a bit of a nightmare if not completely impossible. However, when buying land in the Cayman Islands, you will have to face very minimal hurdles.
This is because the government welcomes foreigners to purchase property in their territory, so much so that they guarantee a title to anyone who purchases land/property there. Overall, the steps to buying property in the Cayman Islands is surprisingly simple and painless!
5.No Property Tax or Capital Gains Tax
Worried about how much you would need to pay in taxes? You can rest easy because when you own land in the Cayman Islands, you will not have to pay annual property taxes or any capital gains tax. This is especially true for those who intend on using the land for personal use, as there are no restrictions on foreign ownership.
6.Choices, Choices, Choices
When it comes to finding the right land for sale in the Cayman Islands, you not only have choices in islands, but you also have plenty of choices in locations in these islands. You can also opt for locations with varying views, including waterfront, beachfront, canal front. Your dream home can be found in the interior, on the canal, or on the quiet, tranquil white-sand beach. The choices are abundant and beyond satisfying!
Are you ready to peruse land for sale in the Cayman Islands with one of the best real estate companies? Then entrust Crighton Properties to provide you with exactly what you’re looking for and then some. Give them a call today at 345-949-5250 to get one step closer to finding your dream Caribbean paradise!