Self Invested Personal Pension (SIPP) scheme is a comparatively new development in the area of pension funds. Personal Pension schemes allow self employed persons and others to create a pension fund through their own contributions. Investing the funds is usually managed by an experienced third party such as an insurance company.
SIPP is a scheme that falls within Registered Pension Schemes under Section 150 of the Finance Act 2004 of UK. Under this scheme, subscribers can manage the investment of their pension funds themselves, investing in assets they choose and switching between assets. The investments should be in assets approved by HM Revenue & Customs (HMRC) and must be approved by an Independent Financial Advisor regulated by the Financial Services ...
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In the post on Land Abroad, we looked at why buying land on Grand Cayman, one of the three islands in the Cayman Islands, is such a good idea. We mentioned that Grand Cayman is a developed place that has luxury resorts and hotels, the famed Seven Mile Beach, the North Sound and a well connected International Airport. We also mentioned that Cayman Islands is British Overseas Territory with a stable government and rule of law.
In this post we look at the features of Grand Cayman in more detail.
The Seven Mile Beach on the western coast of the island has been rated as the best Caribbean beach. Considering that Caribbean beaches are among ...
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In Why Buy Property in Cayman Islands we looked at the Grand Cayman Island as a profitable location for investment in land. We saw that Grand Cayman is not only a top tourist attraction but is also a top financial center. We concluded that as a favoured destination of wealthy retirees, the island is an elite location to live in.
In this post, we look at a specific property investment opportunity on the island that includes an option to earn an assured return.
The Dubli Golf & Beach Resort is an elite project located in an area known as the Millionaires Row on the north of the island. The project is located on the Rum Point Drive that ...
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As mentioned in the post on Self Invested Personal Pensions (SIPP) you can invest your SIPP funds in certain types of real estate. It was indicated there that Crown’s land products in the Cayman Islands qualify for such investment. The developers of these land products will also help you by arranging a consultation with a regulated Independent Financial Advisor whose approval is required for such investments.
In the post referred above, one particular project, viz. the Dubli Golf & Beach Resort on the Grand Cayman was discussed in some detail. Actually, it was only one of the projects available on the Cayman Islands. In this post, we look at some other projects that also provide assured returns ...
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Buy Land Abroad
Buying land abroad can turn out to be an excellent investment if you select the location of the land carefully. It should be a location where demand for land is going up with consequent increase in land prices. Land with built-up structures that meets local demand can also earn regular returns.
Demand for land varies depending on such factors as population growth, social changes and economic development. Population growth through higher birth rate or through immigration, social changes such as higher divorce rates and economic growth can all lead to increased demand for land.
Because the pace of population growth and economic development rate varies from country to country, it makes sense to investigate the option of buying land in carefully selected locations abroad as an investment. For example, land prices are likely to increase in a tourist destination when the tourism industry picks up momentum again after world economies come out of their current slump.
Investors should carefully look at the potential for land price increases at the location they are considering. They can also look at the existing trend. How has land prices been behaving for the past few years at the location?
However, selecting a location based on land price increase potential alone is not enough. You have to do a due diligence to ensure that your investment will be safe and can be managed well till it can be realized. That means looking at factors such as:
- Political stability and rule of law in the country under consideration
- Legal status of foreign freehold ownership of land in the country
- Adequacy of the land records maintenance system to prove ownership clearly and disclose any kind of prior charge on the property
- Availability of dependable agents who can be entrusted with managing the property till the investment is realized.
Buying land abroad can definitely prove a great investment if you do your research and due diligence properly.Land Abroad
The post on Buying Property Overseas looked at the attractiveness of land abroad as an investment. It was found that buying property abroad can indeed be an excellent investment option provided you select the location after looking at the prospects for land value appreciation there. It was also mentioned that a due diligence exercise is also required to ensure that your investment will indeed be safe.
In this post we examine the desirability of buying land in the Cayman Islands, particularly the Grand Cayman Island.
Cayman Islands consist of three main islands – Grand Cayman, Cayman Brac and Little Cayman. The Cayman is British Overseas Territory in the Caribbean and all the three islands offer great Caribbean environments in the forms of splendid white beaches and a sunny tropical climate. Additionally, each of the islands offers its own unique attractions.
Grand Cayman is the most developed of the islands with all modern amenities. The famed Seven Mile Beach on its western coast is home to luxury hotels, resorts and homes. The North Sound, a 35 square-mile, reef-protected lagoon is another major tourist attraction.
George Town, capital of the Cayman, is located on Grand Cayman and it offers a great shopping experience. The Robert Owen International Airport near George Town has regular flights to major destinations in the USA and to London Heathrow. There are also several flights daily to the sister islands of Cayman Brac and Little Cayman.
George Town accommodates several hundreds of bank offices, including UBS and Merrill Lynch offices. Cayman is the world’s fifth largest financial centre in addition t being a top tourist destination. The high net worth employees of the banks is a source of demand for land and villas.
Political stability, rule of law and an excellent system of land records maintenance, as well as one of the highest standards of living in the world, make Grand Cayman an excellent location for investors seeking to invest in land abroad.
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