Cayman Islands is heaven
as far as Real Estate is concerned. No tax to be payed on income tax and
capital gains, a grand network of estate agents to manage properties and a
friendly culture that is interesting to adopt! All these features make Cayman a
hot destination for investing in real estate.
Both buying and selling
are active parts of the real estate system here. Demand is usually high
throughout the year, more so after the commencement of SEZ concept on the Cayman
Islands. Brands are entering at a pleasant pace and with them, are increasing
the number of people streaming in. The buyers' market here, is growing at an
amazing rate. Homes for rent also crowd the area and it is specifically
beneficial to people who have come here for a long term stay, possibly till the
point you have your work permit here! For those who intend to stay on for
shorter periods or may be just come around for vacations and stay for a few
days, only to come back the next year, options are numerous. They have a
privilege to buy a part of a condominium property for a specific time of the
year. This ais also referred to as fractional ownership! In a nutshell,
affordable, posh and variable housing options are available here, so that the
buyer can consider his options freely and adequately.
For sellers, Cayman is
again a gorgeous place! The freedom from capital gains, entitles them to
immense amount of profitability. Being a seller, you just have to maintain your
house in a conditions, that it can be staged well in front of your prospective
buyers. You have to maintain it well and pay a commission amount to a RealEstate agent and then you are set free of the concern about how your property
is going to be sold out or rented out! With such a wonderful reals estate
broker and agent network and such a regulated system, as CIREBA is, there are
nil chances that your property would not meet a justified and desired end!
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