The first thing we think about when looking to invest in real estate is a location that will add value to your real estate portfolio. Considering the current market scenario around the world, real estate is one of the safest options to invest your hard-earned money. It is the only space where your money will never face a downfall.
But we are not here to talk about the downfall, we are here to let you in on a little secret on how your one investment in the Cayman Islands luxury real estate will turn out to be the best investment of your life. Regarding real estate in the Caribbean, it is known that the properties for sale in the cayman islands have it all to be the first choice for your money. The refreshing sea surrounds you with access to most of the continent, stable currency, mesmerizing views, and a growing tourist market.
Still, need reasons to invest? Let’s dive into it.
We all are aware that a place full of crime and disturbing social elements always sees a low footfall but with a crime rate as low as 2.8% in the cayman islands, you will never have to worry about facing any such issues. Cayman has a population of around 67,000, with a secure business opportunity market.
Many, when planning to invest for the long term, worry about a country’s tax policies, and due to this, some even back out from putting their money in real estate in foreign nations. The Cayman Islands, to attract foreign investment, has completely eliminated the direct taxation on corporates and residents. This means that if you invest in Cayman Islands real estate, you won’t be compelled to pay taxes like income tax, wealth tax, corporation tax, withholding tax on dividends, capital gains tax, inheritance tax, sales tax, and VAT.
State-of-the-art healthcare & education
A variety of health care services to treat the world’s deadliest diseases from cancer to cardiac issues. People from all over the world put their faith in the health professionals of the cayman islands, as the professionals are well-renowned for their practical yet empathetic approach.
Education is one of the top priorities of the country. As a matter of fact, the education ministry has the largest budget allotted to a single ministry. A total of $200 million for education, including scholarships and spending on school buildings, has been committed to the sector.
The Cayman Islands has the perfect temperature for visiting the beach any time of the year. The weather attracts many tourists year-round, is an essential factor contributing to the country’s economy, and is complemented by scenic views from luxury hotels and resorts. There are a lot of activities for people to engage in, such as class diving, sailing, and wind sports.
Stable government and modern infrastructure
The Cayman Islands flaunts its advanced infrastructure, including reliable utilities, the latest communication systems, well-maintained roads, and excellent healthcare facilities. Being a British Overseas Territory, the Cayman Islands also offers a politically stable ground for people to invest their capital. The country follows a democratic parliamentary and legal system based on English Common Law.
The Caribbean real estate market is still unexplored territory, and when we look at the assets the Cayman Islands offer, the reasons to invest in the country are endless.