16 Jan 2019
Winter isn’t coming, it’s here! With temperatures in the northern United States and Canada averaging below 30 degrees Fahrenheit it’s the perfect time to escape to warmer weather, whether temporarily or permanently, if you are thinking of moving to Grand Cayman.
Great weather isn’t the only reason to invest in a second home. Here are seven reasons why you should buy a winter escape in the Cayman Islands.
Location, location, location
Located 480 miles south of Miami Florida, the Cayman Islands are a short, direct flight away from major North American hubs like Toronto, Chicago, New, York and Washington, DC making it easy to visit your second home year-round.
The Cayman Islands was ranked by Forbes as one of the world’s friendliest countries and people who own a second home on Grand Cayman will find themselves part of a lively expat community and among welcoming locals.
Grand Cayman boasts a modern road network, advanced telecommunications and robust healthcare facilities including three full-service hospitals, a network of public clinics and more than 1,000 private healthcare practitioners.
No property taxes
The Cayman Islands is a tax-neutral territory, meaning there is no income, inheritance or capital gains tax. In lieu of annual property taxes, buyers pay a one-time stamp duty fee to the Cayman Islands Government valued at 7.5% on the purchase price or the market value of the property, whichever is higher.
Beautiful beaches and great diving
Grand Cayman is known for its beaches with its largest, Seven Mile Beach, rated as one of the best beaches in the world by TripAdvisor’s 2018 Traveler’s Choice Awards and with more than 320 dive sites around the islands, there’s as much to do below the water as there is on land.
Lively social scene
Grand Cayman boasts a busy social calendar of events and cultural festivals, including the Cayman Cookout food festival in January and KAABOO Cayman, a uniquely curated music, art and comedy festival, in February.
Availability of real estate for sale
Finally, the Cayman Islands has an abundance of high-quality real estate for sale, from cosy seaside bungalows to luxury condominiums – there’s a second home to suit every taste.
If you’re interested in purchasing a second home in the Cayman Islands, consider The Residences at Seafire – contact us today for more details on our Caribbean beachfront property for sale on Grand Cayman.