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Solid Returns Pave the Way for Incoming Cayman Islands Investors

March 3, 2016 by · Leave a Comment 

Cayman IslandsIf you’re a first-time real estate investor, let the Cayman Islands be your destination of choice to begin your potentially lucrative endeavor. Here are some of the many reasons why.

The Process is Easy

The ease of purchasing Cayman homes is only one of the many reasons why you should look into the Cayman Islands. It’s not only a simple and straightforward process, but it’s also a safe and sound investment, unlike other properties in the Caribbean.

As with any real estate investment, it’s important that you factor in both lifestyle and budget. By doing so, you’ll be able to determine what type of property you will purchase and the amenities that you want included within it as well.

No Real Estate Tax

Cayman property has become a popular purchase for investors because of their lack of tax restrictions. Meaning, that there are no restrictions on foreign ownership of a single property and no income or capital gains taxes to worry about. The Cayman Islands Government also guarantees title for all real estate transactions, so it’s worth mentioning that it’s strongly encouraged to invest here.

Excellent Returns

Whether your Cayman property is being used as a short term rental property or for long term renting, there is always the potential for high returns. Many investors will let their properties work for them when they are not in residence, garnering a secondary passive source of income.

The Bottom Line

Rental properties in the Cayman Islands offer a lot to the investor. With solid returns, a sought-after location, and significant room for growth, isn’t it time that you start taking a look into the Cayman Islands?

Bio: James Bovell is an award-winning real estate professional and Broker/Owner of RE/MAX Cayman Islands.

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