Making the choice to buy a new home in the Cayman Islands is always going to be exciting, but when that decision means you’ll also be moving to another country altogether, the excitement can morph to a whole new level. If you’ve decided that you want to live in a country where there real estate is warm all year round, where you can spend a large amount of time outdoors each day, and the pace just feels more relaxed, then the Caribbean can be a great spot, in particular, the large amount of available real estate in the Cayman Islands!
While the Cayman Islands real estate have long since been seen as a tax haven since you don't pay property tax, inheritance tax, or capital gains tax, there are also other great reasons to move here. Cayman Islands real estate is notorious for holding and increasing its value, the people are friendly and welcoming, the weather is great, and the tropical scenery is the perfect backdrop. But before you get too mesmerised by the Cayman Islands scenery and beauty, here are a few features and amenities you’ll want to look for in a home.
When it Comes to Cayman Island Real Estate It All Comes Down to Location
When it comes to the main deciding factor when purchasing real estate in the Cayman Islands, location tends to be the top priority. This is what will determine the types of amenities around you such as the beach, shopping, dining, the business district, etc. It can also mean the difference between being able to walk or bike to most areas, or having to purchase a car. The Cayman Islands real estate location will also help to determine just how well your property will hold and then increase in value.
Some of the most popular Cayman Islands real estate areas include Seven Mile Beach, George Town, and West Bay.
Outdoor Space
A big part of why people move to the Cayman Islands is the fabulous weather, so if you want to be able to take advantage of it, then you probably want to look for real estate that has an outdoor space. While you may not need a large and sprawling yard, an outdoor patio or deck will be desirable. Outdoor space allows for outdoor living, which is huge in the islands. It can also make a smaller home or condo feel larger.
Access to a Pool
Another real estate amenity you may want is access to a pool. That could mean you purchase a single-family detached home with its own pool, or you may be looking at a condo complex that has a community pool for the Cayman Islands community residents to use.
Proximity to School
If you are moving as a family and have school-aged children with you, you’ll want to find Cayman Islands real estate that is close to the school they will attend. This will just make the mornings a whole lot smoother since the kids won’t have to travel far.
Work with a Professional
As a final Cayman Islands real estate tip, it’s usually a good idea to work with a professional real estate agent that knows the area well and has worked with others that have moved from various countries outside the Cayman Islands. Cayman Island real estate can get pretty competitive thanks to the large demand, so working with a professional can certainly help you get the best deal on the ideal property.
Now all that’s left to do is get out there and find your new home.
