The Caribbean, for those looking to buy real estate is not merely a geographic location or region but more of a lifestyle choice. Although the Caribbean encompasses a large area, from the Gulf of Mexico across to the Atlantic Ocean down to the Caribbean Sea, when real estate buyers think of purchasing a home in the Caribbean, that property dream will usually include a beautiful Caribbean beach, lined with palm trees and gently caressed by the warm crystal clear waters of the Caribbean Sea. There are many different facets to Caribbean life, different languages, cultures, history, geography and lifestyles but invariably and understandably Caribbean island life is linked to the sea and certainly in the minds of those buying real estate: beautiful beaches. Historically known as the West Indies since their discovery by Christopher Columbus in 1492 the region has become more popularly known as the Caribbean since around the mid 1940’s.
The Cayman Islands consists of three Caribbean islands; Grand Cayman, Cayman Brac and Little Cayman located in the western Caribbean and often referred to as the West Indies or the British West Indies. Cayman remains a British Overseas Territory and is also part of the Commonwealth. Cayman is one of the world's premier Offshore jurisdictions and domiciles the greatest percentage of hedge funds of any financial centre around the globe. It enjoys the highest income per capita in the Caribbean and attracts property investors looking to take advantage of a year round temperate climate, beautiful Caribbean beach resorts and no direct taxation, which includes no real estate tax. There is a great selection of property for buyers to choose from and no restriction on foriegn ownership of real estate, from beach front condos, town houses, canal front homes with boat docks to luxury estates with heli-pads and equestrian centres, the Cayman Islands has something to offer everyone looking for that perfect Caribbean getaway.