Ultimate Retirement Destination: Cayman Islands

The Cayman Islands is the ideal island getaway, but it’s fast becoming the ultimate destination for retired and semi-retired people. There are a few reasons that Cayman luxury real estate sells as well as it does. There are major reason to own property on the island, and those who are comfortable living inland will save even more on accommodations.

Benefits

Real estate in Cayman Islands is sold on a tax-free basis. This means that you won’t pay any taxes on the sale, nor will you pay any taxes yearly for holding the property. This also means that you won’t incur taxes should you choose to pass the property down to heirs. For those looking to preserve capital, there is no better place to put your money for retirement.

Amenities

Crime is low, traffic is light, the air is clean, waters are blue and the Cayman Islands are inviting you to enjoy all of that. One of the problems retired people run into is maintaining a home. Homes on Grand Cayman are virtually brand new, so most require little to no maintenance to get them move-in ready.

Most of these brand new developments were along Seven Mile Beach, but there are plenty of opportunities inland that offer equal access to city life and beaches. It takes about 30 minutes to get around the island, so you’re never too far from what’s important. If you’re concerned that Grand Cayman is out of your price range, search inland.

Bio: RE/MAX Cayman Islands specializes in the buying and selling of real estate in Grand Cayman. Find your dream home and retire in style with the help of agents from RE/MAX Cayman Islands.