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CAYMAN ISLANDS & BAHAMAS


Cayman Islands The largest and most populated of the three Caymans is Grand Cayman, which receives regular fl ights from Miami, 60 minutes away, as well as direct scheduled fl ights from the UK and Canada. The two smaller Sister Islands are


Cayman Brac and Little Cayman, both reachable via short fl ights from Grand Cayman although the former has just introduced a weekly service from Miami. “The main reasons people choose to


buy in the Caymans are it’s safe, and there’s no income, inheritance or capital gains tax and no tax on non- residency,” says Darryl Pickthall at Crown Acquisitions Worldwide (www. crownworld.com), a company that owns six development sites spread across all three islands. “It offers economic and political


stability, and it’s a British Territory with a warm climate all year round. Our typical buyers are investors, bankers, accountants and people who want to retire. Recommended places to buy are Seven Mile Beach, North Sound and Rum Point.” On Grand Cayman Crown


Acquisitions Worldwide has plots at its Dubli Golf and Beach (formerly Royal Birkdale) resort at Rum Point Beach on the north side of the island. On Little Cayman it has three sites, with the remaining two on Cayman Brac. The smallest project is the 16-plot Coral Estate on Little Cayman, the


Above and right The oceanfront home on Grand Bahama, with saltwater pool built close to the shore and available for £246K


Below One of the House in a Box


designs available from Crown Acquisitions Worldwide


largest being Dolphin Estate on Cayman Brac, which has around 150 plots. Prices for plots start at £60,000 in the Sister Islands and £150,000 on Grand Cayman. All plots sold by Crown Acquisitions


Worldwide, which the company owns outright, are freehold and come with planning permission and architectural plans to build residential property. They are also SIPP approved, so could be incorporated into a pension plan. Purchasing can be done as a pure


land investment, taking advantage of a fi ve-year interest free payment fi nance, or buyers can choose to buy with infrastructure in place. A third option is called House in a Box – a turn-key design and build solution, which allows buyers to choose one of three villa concepts that have been designed specifi cally to fi t each plot. Luxury Investment Properties


(www.luxuryinvestmentproperties. com) is another company selling on


56 A PLACE IN THE SUN APRIL 2011


Grand Cayman, on two condominium developments. The fi rst is the WaterColours project on Seven Mile Beach and the second Grand Caymanian Ramada Resort on the shores of the North Sound Lagoon. At the latter, each unit will have two bedrooms with most having a lock-off feature, and are offered for whole and quarter share ownership with prices for the deeded two-bedroom unit starting at $175,000 (£108K) and rising to $769,000 (£475K). As a fi nal point, Pickthall at Crown


Acquisitions outlines why buying in the Caymans is safer than many other destinations: “All dealings in land in the Cayman Islands are based on a registered land system not dissimilar to that operating in England and Wales. Each individual plot of land will be identifi ed and numbered by the Cayman Islands Land Registry – land title is thus guaranteed by the Government.”


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