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Freehold building plots - The Cayman Islands

We are delighted to present to you a viable and potentially lucrative opportunity to purchase freehold plots of land in the Cayman Islands, issued with planning consent for residential development.
 
The Cayman Islands are a beautiful idyllic place which many people consider a piece of paradise.

Prices start from only GBP 40,000.

Low deposit and INTEREST FREE payment plans up to 5 years!

 

  

Comprising of Grand Cayman, Cayman Brac, and Little Cayman, the Cayman Islands lie South-West of Miami Florida, South of Cuba and Northwest of Jamaica. Grand Cayman is the largest with an area of 76 square miles. The “Sister Islands” of Cayman Brac and Little Cayman, located east of Grand Cayman, have areas of 14 square miles and 10 square miles respectively. The islands are surrounded by unspoilt, healthy, coral reefs, which lie at the top of dramatic walls and drop-offs close to shore, creating ideal conditions for diving and sport fishing. Its crystal-clear waters make the Caymans one of the World’s most revered diving destinations, Little Cayman is listed as one of the best dive sites in the world.

The Caymans boast an exotic, tropical climate, with trade winds moderating high temperatures which range from 25ºC in winter to approximately 30ºC in summer. High season runs from December to April, when temperatures are generally cooler and more favourable for tourism. Several major airlines including American Airlines, Air Canada, Delta and Air Jamaica serve the Islands. Direct flights are available from Heathrow with British Airways.

Steady Gross Domestic Product growth has been fuelled by luxury tourism which is responsible for over 70% of Caymans’ GDP with 1.8 million visitors in 2008 alone. Commitment to invest in infrastructural enhancements is demonstrated by the current airport expansion program. Further initiatives include a new promotional campaign to target secondary markets such as Canada and the UK under the slogan of ‘Three islands, one idyllic destination’. As a spin off from tourism, property in the Caymans has become a key economic generator. The tax free status, political stability, beautiful natural environment and local attractions have facilitated the growth of a significant and buoyant property market.

Owning a plot of land in such an ideal setting is a unique and exclusive opportunity not to be missed.


Why the Cayman Islands?

The Caymans are an obvious choice in this new era of intelligent real estate investment strategies, with a fast growing population yet a finite amount of raw land. The increasing need for housing, coupled with the growing importance of environmental and heritage concerns means any land with development or building potential can provide increasingly strong returns for investors.

• The Cayman Islands Dollar is the 10th most valued currency in the world.
• The highest standard of living in the Caribbean.
• Tax free - there are no income tax, no inheritance tax, no non-residents taxes, capital gains or other similar taxes in the Cayman Islands.
• Stability and security - the Cayman Islands has a stable government, operating British Common Law.
• Sophisticated infrastructure and a strong economy based on international banking and tourism.
• Investment freedom - no restrictions on purchases for non-residents.
• Increasing population growth and commitment to securing increased tourism revenue.
• Residency applications encouraged by the government from wealthy Retirees & Investors.

Investment Options

Purchase your freehold plot of land on the Caymans and choose how to realise your investment. Plots will be delivered with communication and utility infrastructure in place giving owners the opportunity to develop their own bespoke luxury villas. However, with no obligations to build in place, you may simply elect to bank the land and realise your investment at a later date.

• Undeveloped, these building plots offer two exit strategies; the first, taking advantage of the price increase that will be associated with the completion of infrastructure components.
The second, longer term scenario will harness the combined increases in value facilitated from the  above and the capital growth of the land as the islands develop.
• Alternatively owners can maximise the real estate potential of their land by using the planning consent to develop a villa for personal use, rental returns or simply to sell on completion. Recommendations can be given for appropriate construction professionals however you also have the option to choose one of three turn-key villa designs available at a fraction of the cost associated with ‘going it alone’.

Summary
• Plots of land start at GBP £40,000.
• £1,000 reservation fee and then a £9,000 deposit within 7 days.
• Interest free payment plan for up to 5 years for the remaining balance.
• Choice of six projects across all three islands.
• No taxes in the Cayman Islands.
• Stamp duty of 6% payable on completion (on purchase price).
• Land Registry Fee – around US$ 199.
• Full Due Diligence available.

Although every care has been taken to ensure the accuracy of the information given, the contents do not form any part of any contract and should be treated as a guide only.

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