CIREBA Rentals Blog

So, what is it that makes the Cayman Islands such a popular choice for investors? Let’s take a look…

Gifted with an amazing climate, pristine white sand beaches, beauty and the bluest water you have ever seen plus warm and friendly people it is the definition of paradise. We love the natural beauty of Cayman but when you look closer you begin to understand that Cayman is far more than a picture post card and is an excellent option for potential investors.

It is a unique environment and offers benefits and incentives that are not available in other locations and so investors looking for Property for sale in the Caribbean consider Cayman a serious candidate. For example,

• There are no restrictions against foreign ownership and ownership is guaranteed.
• There is no annual Cayman Islands property tax due.
• There is no requirement to pay taxes on income from leasing a Cayman Islands Investment property.
• The Cayman Islands are often referred to as ‘Tax free Islands’ but a better description is Tax Neutral which means there is no direct taxation – Including no Income, Inheritance, Capital Gains or Property Tax.
• Property sales are subject to a one-time stamp duty currently set at 7.5%

The Government has developed environments that make Cayman Islands investments in real estate an attractive option for foreign investors. The actual process for purchasing property is simple coupled with a very sophisticated land registry system.

Source link : https://www.cirebarentals.com/blog/why-the-cayman-islands-is-popular-among-real-estate-investors

The fact that CIREBA as an organisation has shaped the Real Estate Industry so significantly is testament to the advantages of what the property multiple listing system in the Cayman Islands can offer, whether it be to buyers, sellers, real estate agents or Cayman Real Estate Companies.

From a buyers or investors perspective when researching where to buy Property for sale in the Caribbean, you can only conclude that the Cayman Islands Real Estate industry is highly regarded. It offers an amazing varied portfolio of quality properties, actively encourages investment in the Island, is highly regulated by CIREBA and because of the many advantages offered by Multiple Listing System, buyers can have more confidence when conducting transaction in the Cayman Islands.

CIREBA has developed a system that allows property buyers to work with one real estate agent throughout the whole process. The product of this is a better experience for buyers. Property purchases are often the biggest investments people make in their lives and so having the opportunity to build a relationship and develop trust with your realtor can alleviate much of the stress and difficulties associated with buying a home.

The process begins with a seller listing their home with an agent. Once an agent receives a new listing it is added to the MLS (Multiple Listing System). This is then accessible by all CIREBA members.

Your preferred Cayman Real Estate Agent will have access to all CIREBA’S listing through the Cayman MLS and can research properties on all three of the Cayman Islands to show the listings that best match your requirements.

Source link : https://www.cirebarentals.com/blog/does-the-property-multiple-listing-system-in-the-cayman-islands-offer-any-advantage