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Grand Cayman Islands: Resorts And Real Estate
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Published: November 1, 2006
Known for its lush scenery, beautiful beaches and spectacular scuba diving, the Grand Cayman Islands are one of the top tourist destinations for vacationers and honeymooners alike.
The largest of the Cayman Islands, the Grand Cayman Islands attract 99 percent of the tourists to their popular Seven Mile Beach with their long stretch of hotels and Grand Cayman Islands resorts. With a history dating back to Columbus' explorations, the Grand Cayman Islands have a diverse culture attracting people from the entire world to explore these beautiful islands.
Columbus first arrived on the Grand Cayman Island on May 10, 1503, during his final voyage to the Americas. When Sir Francis Drake arrived in 1586, he was the first to refer to the island as Caiman, the Neo-Taino word for crocodile. In 1670, the island was captured and ceded to the British along with its neighboring island Jamaica. Jamaica separated from British rule in 1962, but the Grand Cayman Islands remained a British territory.
Today, the island's population is made up of several nationalities including the native Caymanian, who make up a majority of the population. The remaining population is a mix of Caucasian and people of Euro-African descent.
Throughout the years, the Grand Cayman Island's economy has been built on the island's thriving tourism. Tourists from all over the world are drawn to the many beaches and attractions offered on the Islands. Seven Mile Beach, one of the most popular Cayman island beaches, is home to the many Grand Cayman Island’s resorts and hotels. At each Grand Cayman Islands resort, vacationers have the opportunity to participate in a number of activities from sunbathing to sailing.
Some popular Grand Cayman Islands resorts include the Grand Cayman Comfort Suites, the Grand Caymanian Resort, Compass Point Grand Cayman, and the Grand Cayman Marriott Beach Resort.
The Grand Cayman Islands are well-known for their exquisite scuba diving and snorkeling. Along the islands coasts, one can see some of the most exotic corals, reefs and fish in the ocean. Divers from all over the world come to the Grand Cayman Island beaches to experience some of the world's best scuba diving.
For those looking for a more permanent stay on the islands, the Grand Cayman Islands real estate market attracts investors from all over looking for big gains over a short period of time. Grand Cayman Islands real estate is popular because of the loose laws placed on property ownership. Property owners do not have to pay direct taxes, income taxes, capital gain tax, property tax, or inheritance tax. The absence of these restrictions makes Grand Cayman Islands real estate a competitive market for investors. The right property deals are out there, you just have to know where to look. Consult a Grand Cayman Islands map to find the right areas to invest in Grand Cayman Islands real estate.
Whether you are looking for a relaxing vacation at one of the many Grand Cayman Islands resorts and enjoying the sun on the Grand Cayman Islands beaches, or you're an investor looking to make a buck in Grand Cayman Islands real estate, opportunities are out there for both vacationer and investor.
Sources:
Cayman Islands Resort, Hotels and Vacation Information. Change in L'attitudes Inc. 1998. 31 October 2006. http://www.cayman-islands.com
Cayman Islands Real Estate. Cayman Online LTD. 1996. 31 October 2006. http://www.cayman.com.ky/rlestate
Cayman Islands. Wikipedia: The Free Encyclopedia. 2006. 31 October 2006. http://en.wikipedia.org/wiki/Cayman_islands
The largest of the Cayman Islands, the Grand Cayman Islands attract 99 percent of the tourists to their popular Seven Mile Beach with their long stretch of hotels and Grand Cayman Islands resorts. With a history dating back to Columbus' explorations, the Grand Cayman Islands have a diverse culture attracting people from the entire world to explore these beautiful islands.
Columbus first arrived on the Grand Cayman Island on May 10, 1503, during his final voyage to the Americas. When Sir Francis Drake arrived in 1586, he was the first to refer to the island as Caiman, the Neo-Taino word for crocodile. In 1670, the island was captured and ceded to the British along with its neighboring island Jamaica. Jamaica separated from British rule in 1962, but the Grand Cayman Islands remained a British territory.
Today, the island's population is made up of several nationalities including the native Caymanian, who make up a majority of the population. The remaining population is a mix of Caucasian and people of Euro-African descent.
Throughout the years, the Grand Cayman Island's economy has been built on the island's thriving tourism. Tourists from all over the world are drawn to the many beaches and attractions offered on the Islands. Seven Mile Beach, one of the most popular Cayman island beaches, is home to the many Grand Cayman Island’s resorts and hotels. At each Grand Cayman Islands resort, vacationers have the opportunity to participate in a number of activities from sunbathing to sailing.
Some popular Grand Cayman Islands resorts include the Grand Cayman Comfort Suites, the Grand Caymanian Resort, Compass Point Grand Cayman, and the Grand Cayman Marriott Beach Resort.
The Grand Cayman Islands are well-known for their exquisite scuba diving and snorkeling. Along the islands coasts, one can see some of the most exotic corals, reefs and fish in the ocean. Divers from all over the world come to the Grand Cayman Island beaches to experience some of the world's best scuba diving.
For those looking for a more permanent stay on the islands, the Grand Cayman Islands real estate market attracts investors from all over looking for big gains over a short period of time. Grand Cayman Islands real estate is popular because of the loose laws placed on property ownership. Property owners do not have to pay direct taxes, income taxes, capital gain tax, property tax, or inheritance tax. The absence of these restrictions makes Grand Cayman Islands real estate a competitive market for investors. The right property deals are out there, you just have to know where to look. Consult a Grand Cayman Islands map to find the right areas to invest in Grand Cayman Islands real estate.
Whether you are looking for a relaxing vacation at one of the many Grand Cayman Islands resorts and enjoying the sun on the Grand Cayman Islands beaches, or you're an investor looking to make a buck in Grand Cayman Islands real estate, opportunities are out there for both vacationer and investor.
Sources:
Cayman Islands Resort, Hotels and Vacation Information. Change in L'attitudes Inc. 1998. 31 October 2006. http://www.cayman-islands.com
Cayman Islands Real Estate. Cayman Online LTD. 1996. 31 October 2006. http://www.cayman.com.ky/rlestate
Cayman Islands. Wikipedia: The Free Encyclopedia. 2006. 31 October 2006. http://en.wikipedia.org/wiki/Cayman_islands
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