The Cayman Islands opened their first dive shop in 1957 and five decades on the nation still reigns supreme as a favourite among scuba divers. Little Cayman has a sheer coral wall that falls 6,000 feet with a dazzling display of life and colour.
The Caymans are about so much more than diving though. There are three islands but it is Grand Cayman, by far the most developed, where the vast majority of international buyers head. The island has an established and sophisticated business community with over 120 nationalities represented and an excellent range of multi-generation activities make it one of the best locations in the Caribbean for families.
Cayman is a British Overseas territory but one with a strong American influence helped by its proximity to Miami, one hour away by plane. It is the world’s sixth largest international banking centre with a solid gold credit rating and is home to many international law and finance firms. It has one of the lowest tax jurisdictions worldwide with no income tax, corporate tax, capital gains tax, VAT or death duties.
It is also overwhelmingly safe, something that its expat community value highly along with the efficient infrastructure of roads, hospitals and schools and the notable wide choice of quality restaurants.
Property choices range from contemporary apartments in impressive modern beachfront buildings to detached villas on the canal. Seven Mile Beach is the beating heart of Grand Cayman, close to most facilities and with the most expensive properties. Nearby Camana Bay is an impressive new open-air retail park and leisure community.
The upmarket community of South Sound is ideal for anyone who wants a home with a boat berth and new golf and residential resorts are being built towards the less developed eastern end of the island, close to charming shabby chic Rum Point.