Quit everything and go to the Cayman Islands: the guide to a successful real estate investment!

 

With cold suddenly arrived in many parts of the world, what you want most is undoubtedly a little 'heat. Maybe all year round...

If you're also eager to find out how to make a hell of an investment in one of the most breathtaking places in the world, you'll just have to follow our mini guide.

Today we'll give you all the tips you need to buy a property in the Cayman Islands.

                 

Let's start from the basics, what are the documents needed to access this paradise?

 

To enter the islands just a valid passport (6 months from the date of return), but if you are interested in seeking employment, then you must obtain permission before arrival.

It can be valid from 3 to 5 years and then you have to renew it. 

 

As far as health care is concerned, medical centres have a high cost but the services are truly exceptional. Family coverage is around 300 euros.

 

The current currency is the Cayman's dollar (value 0.94 euro). Being the nation a tax haven, it is not difficult to open a current account. The only documents required are :

 

-passport

-proof of identity

-evidence that the money has not been obtained unlawfully

 

As far as the cost of living is concerned, rent is one of the most important expenses in the budget of an individual or a family. We are talking about a very pleasant place to live, so everything is perfectly proportionate also in terms of the services that are offered, from education to excellent infrastructure, to political stability.

 

Even in the real estate market prices are quite high but, most importantly, there are no taxes of any kind to be applied on the property.

The real estate market is divided into two areas: the coastal area (the most popular is Seven Mile Beach) and the hinterland.

Among the most beautiful and lively locations include: the Grandview, Sunset Cove, Laguna del Mar, Seagull Condominiums. Lacovia, The Sovereign, The Pinnacle. 

Monthly rentals range from 1,400 to 8,500 €.

 

But if you are willing to invest totally in the local brick, buying a healthy property, know that for the prices on the market, you will undoubtedly want to buy one of the wonderful villas. 

 

Other areas ideal for renting are : South Sound (from 1,400 to 4,340 € per month); Canal-Front Living with a property value ranging from under 100,000 to just under 1 million €, going from medium to low to extra luxury; Prospect & Red Bay (1,100 to 2,500 € )

Then all remain to be discovered of the areas a little 'wilder and more pristine, and for this reason also decidedly more convenient.

Just to name a few:

 Savannah, Lower Valley, Newlands and Pedro St. James, Beach Bay, Frank Sound & Cottage, Bodden Town, North Side & East End, North Side Living, Rum Point, Cayman Kai.

 What can I say? You're just spoilt for choice.

All you have to do is make your ticket, we at Realigro wish you a pleasant journey. 

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Related Insights

Real Estate Listings

Cod. 6920

For sale Manor Farm, Cayman Islands, George Town, George Town, C/

Reserved negotiation
For sale
Manor Farm

170 m²
SOLARES urbanized, on the Baytoa road, next to the Hispanoamericana Ave, or, lots of 170mts2 and up, with all the services installed, TITLES available...
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