Secure Your Future By Buying Property Overseas
The increasing upturn in buying property abroad has shown no signs of abating. Overseas property has become a popular choice for two main reasons:
Budget Flights and Holiday Home Investment
The explosion of budget airlines on to the market made many more places accessible to the masses. People who had previously been able to afford only one holiday abroad per year, saw the chance to put that money towards financing a overseas property, now that repayments, plus the cost of cheap flights added up to less than the cost of their annual holiday(s).
The budget airlines triggered a massive increase in tourism figures, and people then saw the opportunity to make a substantial second income from renting out their overseas property when they weren’t using it themselves.
Emerging Markets
Emerging market property investors are usually those eyeing a substantial profit in an unsubstantial timeframe. An ideal example of investors favouring emerging market property, are those that can’t afford to get onto the overseas property ladder in their country, and who make an overseas property investment in an emerging market in the hope that their rental income, and/or capital gain will increase their buying power back home.
Buying Property Overseas
Why should you buy property overseas when you can invest in your home country? The quick answer to this question is that you might be able to earn higher returns on the overseas property than on local property investment. There are also other dimensions to such an investment.
If, for example, you invest in the Caribbean by buying land and building a villa there, you can spend your vacations at your own villa, incurring less expense than hotel accommodation and also with a greater sense of freedom. When you are not there, the property can earn rental income. Finally, if it becomes necessary, you can in all probability sell the Caribbean property at much above the price you paid.
Buy Property Overseas with extra Care
There are a number of factors that you must consider before you invest in overseas property. It is imperative that the country where you invest has good governance. If government is ineffective, you might not be able to exercise your legal rights. And do check whether foreign citizens can legally invest in property in your chosen country.
Secondly, there must be a good system of land records maintenance, with all pieces of land having a unique ID and recording of charges on land as well as its sales and purchases. Unless your land property has been registered in your name with a unique ID, its ownership might be disputed.
Buy Property Overseas works only with ethical developers that adhere to strict due diligence criteria, so that you, the buyer can invest with confidence, security and peace of mind.
Property for Sale in the Cayman Islands
Cayman Islands is British Overseas Territory in the Caribbean and meets all the requirements for an excellent investment. You will be investing abroad under British law as British common law is applicable in the territory. Cayman also has an excellent system of maintaining land records with the Land Registry section of Land and Survey Department recording all land transactions with each piece of land given a unique block and parcel number.
Foreigners are legally allowed to invest in land and get a freehold title. Crime rate is low on the main island of Grand Cayman while it is non-existent on the sister islands of Cayman Brac and Little Cayman. Cayman Islands consist of these three islands, each of which has a different ambience and unique attractions.
Developed land plots are available with guaranteed real estate returns under the following projects on the islands:
Dubli Golf & Beach Resort that has a built-in four-hole golf course, beach club and resort condominium in addition to plots with asphalt road fronts and access to electric power. The resort faces the Rum Point Beach on Grand Cayman
Little Dolphin Estate on Cayman Brac which is famed for The Bluff, a world-class rock climbing facility and dense forests with walking and hiking trails
Little Cayman Estate and Lakeside Estate on Little Cayman, the former facing the North Coast Beach and the latter on the banks of the Sandy Point Lake near the south-eastern beaches of the island.
All the plots come with a full suite of architectural and construction documents for a specific type of villa. Five year, interest-free finance is also available to buy the land. Optionally, you can also enter into a developer buyback agreement under which the developer of these projects will assure guaranteed returns on your overseas property investment.
Brigitte C. Keaney
For facts with respect to Overseas Property or Real Estate Cayman Islands, visit the Writer’s Site directly!
Processing your request, Please wait....
