The Cayman Islands collectively are one of the most beautiful spots on the planet. They offer the draw of sandy beaches with all of the conveniences that come with modern living. There are a few subtle differences, like buses that will pick you up in the same fashion as a cab, but the islands offer a sanctuary for working professionals and families.
Schools and Quality of Life
Cayman homes have a “best keep secret” that doesn’t involve the night life or beachfront vistas. Schools in Grand Cayman are top notch, able to rival anything stateside. Native residents are the only ones allowed to use the public Cayman Island school system, so those who come to the islands for residence enroll children in private schools. The class sizes are smaller, resources are better, and parents are generally more involved. Quality of life is also equivalent to what you might find in South Beach, Florida.
Grand Cayman has a large financial sector that fuels much of the growth tourism doesn’t handle. These professionals work hard, and they play hard. There is always something happening on Grand Cayman, from the Pirate’s Week Festival to the upcoming charity run against domestic abuse. The communities here are tightly knit, making for happier people and a safer place to raise a family.
Carribbean homes for sale also have the opportunity to make up their value as vacation homes. For Cayman Islands residents, income earned on island is tax free and it’s a popular tourist destination for those itching to avoid crowded beaches. There are no annual property taxes or capital gains tax on the sale of property. The only tax associated with the purchase of Cayman Islands real estate is a one-time stamp duty of 7.5% paid at the time of purchase.
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– James Bovell, and the Dream Finders team, represent the largest real estate firm in the Cayman Islands. James Bovell specializes in the showing and selling of luxury property on one of the most beautiful island chains in the world.