Another Potent Reason To Relocate To Cayman Island

Cayman Islands, apart from being a small place, close to the miracles of nature, boast of many more things. Hospitable people, lots of things to do, a great climate and adaptable culture are some of them. To top all these aspects, we have the tax free environment. No income tax, no income on capital gains and absolutely no limit as far as the property ownership is concerned! The place is a friendly heaven for all those who wish to have a complete life.

The HSBC Expat Explorer Survey had declared Cayman Islands as the friendliest country in the world. Be it the Government regulations, be it the people around, be it the food you like, whatever be your criterion, you would find the perfect home here. This place is almost crime free and pollution free. The local community is welcoming and the culture is extremely interesting to embrace. On the whole, Cayman has it all, that you need to put up a lovely home for yourself.

Added up to all these things, there is the booming real estate market here! Property for all kinds of demand criteria, at great prices and investment that is justifiable return, on every dollar spent, these factors make this place a lucrative hub for overseas investors. There is a whole network of real estate brokers and agents who would happily help nay body who wants to buy a property piece here. The entire real estate system here is so organized and well knit, that a person, sitting miles away from the island, can hunt down a piece of property, without even having to step on the island.

Facilities abound, the stable Government and a settled political and economic condition here, make Cayman all the more appropriate to stay on for a lifetime! The country operates under the presidency of the English crown. Rules are put to place and the legal system is extremely stringent, making crime rates minuscule. There are huge number of financial institutions and well known global brands here. The number of commercial institution is still growing with SEZs claiming a good part of the country. This means more people coming in, more heaviness towards cosmopolitanism and a greater demand for residential and commercial land. As such, value of property is definite to thrive.

You would not need more reasons to decide on buying a property in Cayman Islands for yourself!

The New Name of Commercial Luxury - Camana Bay

Through the years, Cayman Islands have seen intense developments in the real estate industry. Commercial involvement needs special mention here. With the development, urbanization and popularity of the tax laws here, many prominent corporate names have started streaming into the islands. Today, the Grand Cayman is embedded by many corporate headquarters and offices of
significant international commercial names.

Camana Bay has emerged as the new figure as far as commercial and residential property development are considered. It is a whole new ultra-urbanized town, preplanned and halfway executed. This $700 million worth project was undertaken by Ken Dart, and was strategically to be completed in three different phases. Phase 1 has already seen its completion successfully, with 93% of its space, already been leased out to well known names like BNY Mellon, Ernst & Young, Citco and Grand Thornton. The luxury residential space that has been worked on in the first phase, has been 100% leased, with the demand growing so high, that future booking at waiting terms have been done. The closeness to offices has motivated families to shift out in this community area. A considerable area, as large as 138,000 square feet has been dedicated to retail spaces and the development is already complete.

Phase 2 and phase 3 are still in the developmental stage. The phase 2 includes the main focus on residential area. It would be 435,000 square feet of courtyard town homes, condos, single family homes and cottages. The community is supposed to be well knit with community facilities so as to make the stay of families here, comfortable and convenient. This phase has not yet
seen commencement of construction. The entire Camana Bay project is subject to demand for residential spaces. Tourism is also one of the driving factors for the complete development of Camana Bay.

Well, after the completion, this area is sure to attract a lot more population than Cayman Islands today is. With the growing nature of the real estate industry here, this project is definite to sprawl at a sparkling rate.