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PROPERTY &

CAYMAN ISLANDS SOTHEBY’S INTERNATIONAL REALTY

The Cayman Islands is a unique place to own property and viewed by those fortunate enough to hold real estate here as a true Caribbean paradise and a privilege to call home. There is a great selection of houses and condos from which to choose, from the modest townhouse, to luxury condos on Seven Mile Beach to ultra-luxurious beach front mansions, the infrastructure in Cayman is world class and the lifestyle options are bountiful and varied.

As an affluent country in its own right, a world-class financial centre and Caribbean beach resort destination the Cayman Islands aligns perfectly with the Sotheby’s International Realty branding. Cayman Islands Sotheby’s International Realty is the only luxury real estate company selling property in the Cayman Islands with a globally recognized brand and the only real estate company in Cayman offering a truly global reach: “Artfully uniting extraordinary homes with extraordinary lives”.

People from all over the world purchase real estate in Cayman for a variety of reasons but for those discovering the Cayman Islands for the first time it is interesting to learn from its rich history what makes Cayman the world class Caribbean beach resort destination that it is today.

The Cayman Islands government promotes foreign ownership of property and guarantees land title: there is no simpler form of title transfer in the world.

SNAPSHOT:

THE CAYMAN ISLANDS

Comprising three islands; Grand Cayman, Cayman Brac and Little Cayman, the Cayman Islands is located in the western Caribbean a short flight from Miami. With a combined total area of around one hundred square miles and a total population of around fifty-five thousand, it is home to an eclectic mix of national and expatriates from all walks of life. Most people reside in Grand Cayman, largest of the three islands, discovered by Christopher Columbus, the islands were originally named Las Tortugas (The Turtles) by virtue of the abundant sea turtle population.

The Cayman Islands is considered an offshore financial centre of which Cayman is one of the largest and most pre-eminent in the world. Today corporations and residents bear no direction taxation, there is no capital gains tax, no corporation tax, income, inheritance, sales or withholding taxes and more importantly, for those wishing to purchase real estate, no property tax.

The Cayman Islands now enjoy the highest income per capita in the Caribbean and arguably the highest standard of living, with almost nil unemployment and very little crime to speak of, this combined with the natural tropical beauty and temperate climate make the Cayman Islands a veritable Caribbean paradise which ensures not only a strong tourism industry but a large non-resident population who wish to purchase second and third homes here.