Overview
Desirability and scarcity often go hand in hand. Nowhere is this more true than with prime real estate. Over time, people come to recognize the key locations and once an area is established, its value consistently increases. Regardless of economic cycles, these areas retain and often increase their value to their owners. This is why location has come to be recognized as the key principle in selecting any piece of real estate.
For decades, Seven Mile Beach has been one of the most desirable locations in the world. This is clearly demonstrated by the fact that it has increased in value during all segments of the economic cycle. The Residences at The Ritz-Carlton, Grand Cayman is located on the largest and most coveted section of the beach and is has the unique characteristic that it is the only property that stretches continuously across the island from sea to sea.
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Safe, Affluent Island
The political and economic stability of the Cayman Islands is the creator and the beneficiary of a productive social environment. Having the highest per capita income in the region enables the Cayman Islands to provide health care and education for all its citizens. A strong sense of family and community helps foster a respect for the law and for all individuals. The Cayman Islands are not only the safest island in the Caribbean, it is, in fact, one of the safest places in the world.
Download PDFEconomic Stability
Key to the success of the Cayman Islands is its legal and economic stability. A respect for the rule of law and the sanctity of contract are the foundation upon which it has built its prosperity. These are protected by the constitution and by such additional legal measures as government guarantee of titles. The trust of the international world in the stability of the Cayman Islands are tangibly represented in its position as the fifth-largest financial center in the world. Foreigners have complete freedom to do business in the islands, and there are no restrictions on ownership or repatriation of funds.
Download PDFPolitical Stability
The Cayman Islands are a British Crown Colony and enjoy all the protection and stability of being part of Great Britain. The islands have a long history of democracy, with the signing of the declaration in 1831 at Pedro's Castle in Bodden Town being considered the birth of democracy in the Caribbean. Internal matters are handled by an elected legislative body. External affairs are handled from London. For centuries, the islands have responded to change and opportunity in a peaceful and consultative fashion. Cayman is without doubt the most politically stable island in the Caribbean and is one of the most stable democracies in the world.
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Property Values Comparison
Over time, all of the best portfolios have included premiere residential real estate, and there is no investment to compare with Seven Mile Beach in Grand Cayman. And the best investment that Seven Mile Beach has to offer is The Residences. There are only a very limited number of locations that can be compared with the site of The Residences. Central Park in New York, Mayfair in London and Monte Carlo are among the very few that are as coveted. History shows these areas to be the top investments one can make in real estate.
Download PDFAppreciation Trends
The desirability of Seven Mile Beach has resulted in value increases which are almost unmatched. Luxury projects on Seven Mile Beach have enjoyed annual increases in selling price averaging 20% per year during the last 14 years when measured from the first to the last recorded sale for these projects.
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Experience an unmatched combination of location, design, finishes and service at The Residences at The Ritz-Carlton, Grand Cayman.
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Grand Cayman is the world's fifth largest financial center and its leading tax jurisdiction. There is no direct taxation - no taxes on income, profits, capital or capital gains, property or inheritance. Cayman is the financial capital of the Caribbean with over 600 banks and financial institutions.
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