Top 10 property safe havens abroad – Cayman Islands No.10 – Daily Telegraph
Posted by Oasis Land Development Ltd on December 23, 2011
As an economic hurricane rages through traditional destinations in Europe and the US, buyers must look abroad to these top 10 property safe havens.
The euro is in crisis. Stock markets are in freefall. Two prime ministers have been sacked. Italian debt is at record levels, and Spain faces an early election tomorrow. Across the pond, America’s annual budget deficit is measured in trillions.
One by one the traditional destinations for British house-hunters are becoming badlands. Rather than stay in the quagmire, it’s time for buyers to seek new pastures. There are always safe havens if you look hard enough.
Even when buying outside the eurozone and the United States, the best tactic is still to purchase more expensive homes in prime locations. This means you will see the best the country has to offer, and your investment stands a better chance of securing good returns.
Even at the top end, though, you have to be selective. Here is our guide to where, what and why to buy overseas to minimise your risk.
10 The Cayman Islands
The Caymans are home to more than 200 banks and expats from 100 countries. They also boast the world’s 14th highest GDP per capita, and the highest standard of living in the Caribbean. The country has the confidence of many from around the globe.
Little Cayman (10 miles by one mile, population 150) and Cayman Brac (11 miles by two miles, population 1,800) are relatively untouched. Grand Cayman is bigger and blingier, attracting tax haven lovers as well as those who want sandy beaches and sun.
Flights are plentiful, and it’s easy to hop over to neighbouring Jamaica and Cuba.
http://www.telegraph.co.uk/property/overseasproperty/8898858/Top-10-property-safe-havens-abroad.html
