Welcome to the Cayman Islands
A British Crown Colony, with the charm and elegance of Caribbean tradition, the Cayman Islands are a little bit of paradise between Cuba and Jamaica and just a short one-hour flight from Miami. The largest of the three islands, Grand Cayman, is home to just over 30,000 people and host to a million visitors a year. Crystal-clear Caribbean waters, spectacular coral reefs and breathtaking beaches combine to make the Caymans a mecca for divers. The standard of living is the highest in all the Caribbean and Cayman has become the world's leading off-shore financial center, home to over 600 multinational banks. Yet there are no taxes on income, real estate, personal property or capital gains.
Real Estate in the Cayman Islands
Perhaps not surprisingly, real estate is "pricey" in the Caymans, with three-bedroom houses selling from $500,000 to well over a million. Condominiums bring similar prices. Yet real estate sales are booming, with rapid appreciation of 15% per year, thanks largely to investment from U.S. and Canadian buyers. Cayman's tax free status and strict confidentiality laws safeguard investors and the government actively encourages non-resident property ownership.
About ERA in the Cayman Islands
ERA Kirkconnell Realty boasts over 40 years of combined real estate experience. Its two conveniently located offices and 15 well-trained real estate professionals rank it at the top of all Cayman firms and offers sellers and buyers the most up-to-date service available.
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