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Paradise Found
Cayman Brac offers the most magnificent scenery that can be found in the Caribbean region. The island has crystal-clear and calm waters that allow people to view the perfect reefs. It also offers great visibility of the abundant fish life and other underwater wonders. Cayman Brac is also popular for its thriving species of birds.
The mangrove-covered areas provide a safe haven for wetland bird species. The inland bird species such as parrots, king birds, and flycatchers can be seen in the forests, along the trails, during nature walks, and in other preserves throughout the island. All these and more make Cayman Brac a perfect place of solitude for those who want to have some relaxation and for those who want to have a peaceful retirement.
Real Estate in Cayman Brac
Since the year 2005, the real estate market in Cayman Brac has been prosperous due to the continuous growth and success of the finance and tourism sectors. Being the middle island in the Cayman group, real estate properties in the Cayman Brac are definitely sought after. For one, the location is an advantage. It is eighty miles away from the main island of Grand Cayman. Real estate properties are relatively less expensive due to island and property sizes.
There’s more to it than paradise
Any type of investment in the Cayman Islands would surely be profitable. Foreign investors and potential buyers are also attracted to the idea of building their assets in Cayman Brac mainly because the island does not impose any direct form of taxation.
There are also numerous banks, legal, and accounting firms based in the Cayman Islands that could help them manage and advise them on their investments. Cayman Brac is a haven for foreign investors who are attracted to the solid return of investment and for people who just want to retire or to have a vacation on a place similar to paradise.
Your Choice
To date, the real estate market of Cayman Brac offers an extensive array of lot sizes, structure types, and locations to potential buyers. Interested parties may choose from wide selections of residential and commercial properties ranging from small and secluded cottages to extravagant mansions and condominiums at the beachfront.
All properties are guaranteed safe and of high quality owing to the current moratorium regarding the duty on construction materials and land transfer tax. In addition, Cayman Brac is guaranteed to have a modern and reliable infrastructure as well as a strict building code that ensures all materials and works meet the right standards.
Foreigners and Non-Residents are Welcome
Cayman Brac does not have any restrictions with regards to foreign ownership of lands. It also offers a modern land registration system in Cayman Brac that is being run and operated by the government through the Department of Lands and Survey. As such, foreign investors and landowners do not have to worry about having problems or issues concerning their real estate property in the Cayman Brac. The transfer of land title only involves the stamp duty, a one-time fee, which is roughly about 6% of the property’s total value and is payable through transfers of land and mortgage deeds.
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