So you are considering investing in real estate in a foreign location, but one that is tropical, beautiful year-round, has modern amenities, and isn’t all too far from your home city/country. You have come to the right place.
We know one location that fits the bill just right for you: the Cayman Islands. The Cayman Islands consist of three islands in total: Grand Cayman, Cayman Brac, and Little Cayman. Altogether, the population of the Cayman Islands, which is a British Overseas Territory, is well over 65,000. The Islands also receive 300+ days of sunshine each year, have a plethora of modern amenities, and welcome residents from near and far.
Do we have your attention now? We are sure that we do. The Cayman Islands is truly an enchanting destination for not only tourists but foreign residents as well. But, before you jump ahead and start sifting through Cayman Islands real estate property for sale, here are some frequently asked questions and answers to give you a little more information.
Can foreigners buy property in the Cayman Islands?
Yes, foreigners can absolutely buy property in the Cayman Islands! In fact, the government of the Islands actually wants foreigners to buy property there, so they encourage foreigners to do so by guaranteeing a title to these buyers upon purchase!
Is it easy to purchase property in the Cayman Islands?
It most certainly is easy to purchase property in the Cayman Islands! That’s due to the government encouraging foreigners to buy, that people in the Islands speak English, and that the process has been completed so many times before that it is exceptionally quick and painless!
Where should I buy property in the Cayman Islands?
As mentioned earlier, there are three islands in the territory– and you can buy property on any one of them. Grand Cayman tends to be the most popular island, as it has the highest population density and the capital of the territory.
Cayman Brac is the second largest island and has a population of 2,000 residents, but boasts spectacular nature. Little Cayman, on the other hand, has a population of fewer than 200 residents, is the smallest island, and also holds stunning landscapes, flora, and fauna.
We cannot say for sure on which island you should purchase property, as all three have their own advantages, bound to match anyone’s preferences and desires in a property!
Is purchasing Cayman Islands real estate property for sale worth it?
Yes, it is worth it to buy property in the Cayman Islands! This is because there is an excellent ROI on these properties. The Global Property Guide concluded that the average rental yields in the Cayman Islands range from 5% to 8.2%. That’s just one figure to exemplify the Islands’ worthiness of your investment!
What is the best real estate company in the Cayman Islands?
When you are looking to purchase property in the Cayman Islands, you need to work with a truly reputable, knowledgeable, and passionate real estate company. That is without a doubt Crighton Properties, which has a team of real estate professionals, diligent in finding their clients their dream tropical home.
Give them a call today at 345-949-5250 or send them an email at [email protected] for more information!