UK & Cayman Island Real Estate
By TOI Staff October 8, 2022 Update on : October 8, 2022
The Cayman Islands is a collective name for three Cayman Islands: Grand Cayman, Little Cayman, and Cayman Brac, respectively. This beautiful tri-inland state is an overseas territory of the United Kingdom.
The Cayman Islands are arguably an excellent place to live for people who love nature and the sea. Many people buy houses and properties on this island to live in or as vacation homes.
Why live in the Cayman Islands?
Cayman Island is a beautiful place and a popular tourist destination. Living there has many benefits and some of them are as follows.
You can easily travel to other international cities
The Cayman Islands have an incredibly fast and efficient airport system. You can take direct flights from Cayman airport to many other international cities and tourist destinations. Some major cities that you can travel directly from here are as follows:
Beautiful and amazing beaches
The Cayman Islands, like most other islands, have a lot of beautiful beaches. The temperature here is warm and sunny most of the year. The beaches there are usable for more days in a year than in the United Kingdom.
Some popular beaches in the Cayman Islands are as follows:
- Rum Point
- Seven Mile
- West Bay
- Cayman Kai
- Governor’s beach
Kind and hospitable locals
Locals living on Cayman are exceptionally hospitable and kind to visitors and their neighbors. If you live there, you won’t have any problems blending into the local community.
A stable currency
Cayman Islands don’t use pounds as their currency. They use their own currency, called Cayman Island dollars. Its exchange rate is as follows:
- 1 Cayman Island Dollar to 1.19 United States Dollar
- One Cayman island Dollar to 1.06-pound sterling
- 1 Cayman island Dollar to 1.63 Canadian Dollar
No Personal Income tax
Those of us living in the UK and Europe might find it hard to believe there is someplace in the world where you don’t have to pay tax. But it’s true; you don’t pay personal taxes in the Cayman Islands. Here you own everything you earn. Aside from personal tax, Cayman island doesn’t take the following taxes.
- Corporate tax
- Capital gains
- Other taxes
So, this tri-island state is almost a tax-free region.
The Cayman Islands is a combination of three small islands. This benefit is that you don’t have to travel long distances to get to your workplace. And you don’t have to worry about traffic jams wasting hours of your time.
It allows you more free time to spend with your friends and family.
An Excellent Life
All people living on the Cayman Islands enjoy an excellent life. Their work usually starts at 8 am and ends at 4 pm. After that, they can wander around and enjoy the natural beauty and relaxing beaches with their friends and family.
How to buy a house in the Cayman Islands?
If you decide to buy a house in the Cayman Islands, then the best way to proceed is to seek help from a professional company. Kuavo realtors are one such company. It is a prominent real estate company founded in 2018 by a group of world-class experienced real estate experts.
They will make the entire process much easier and stress-free. You can buy a house through Kuavo by following the following steps.
- Go to Kuavo Website: kuavo.co.uk.
- Go to the Buy menu in the header and click “Find a property” from the dropdown.
- You will see all the properties registered with Kuavo. Write “Cayman Islands” in the location field to only see available properties on the Cayman Islands.
- Browse through the given properties and click on the one your like.
- You will get a dedicated page with an image gallery and detailed house information.
- If you like the house and want to see it in person, scroll down and click on the “Arrange viewing” button.
The Kuavo will send its personnel to take you to inspect the house. If you like the house, they will assist you throughout the entire process.