Property on The Isle of Man
The Isle of Man offers an enviable place to call home for both residents and businesses, and combines safety, stability a strong sense of community with excellent quality of life in a beautiful Island setting.
Over 40% of the Island is uninhabited, which provides 221sq miles of stunning countryside and 32 unspoilt beaches to discover, alongside 26 official ‘Dark Skies’ sites - which is the highest concentration of stargazing sites in the British Isles. It should come as little surprise then, that the Island was the first whole jurisdiction to be named a UNESCO Biosphere, demonstrating that there is a genuine commitment to its people and nature.
Evident when you visit the Island is its strong sense of culture and heritage, which is manifests in much of its modern day music, language and traditions - upon browsing the site you may spot numerous house names that are Manx Gaelic, a language which has experienced significant revival in recent years! Despite a vibrant identity, shaped by celtic roots, the Island is well known for its warm welcome and is now somewhat of a melting pot of international cultures, and around 50% of its residents are not ‘Manx born’.
A high standard of living is ensured for all of the Island’s residents, with recent statistics revealing that 86% of residents rate their quality of life as ‘excellent’. A self-governing, independent Government ensures it remains agile and responsive to the needs of its residents. A simple and rewarding taxation system – which includes some of the lowest personal tax rates in Europe, 0% corporation tax and no capital gains tax – alongside a stable, self-funded economy and lowest crime rates in Europe mean that the Island offers a sound investment for you, your family and your business.
The Island’s business centre is compact, yet international in its outlook. Often recognised for its long-established financial services and insurance sectors, the economy has significantly diversified in recent years and there are around 5000 businesses’ operating across a wide range of sectors, including e-business, e-gaming, manufacturing, aviation, media, shipping, construction and retail. With advanced telecoms and connectivity infrastructure, a highly stable self-generated power supply and 200+ flights a week serving all major UK and Irish cities in as little as 20 minutes, ensure that staying in touch with business contacts or friends and family is simple.
Diversity extends into the Island’s property portfolio. Residential properties range from Seaview apartments and traditional Manx stone cottages to country mansions with sizable acreage and some highly bespoke and award-winning builds. Average house prices are around £300,000 and with no restrictions on purchasing property - including no stamp duty - the property market is accessible, offering a little something for everyone. On the commercial side, everything from residential units in high footfall areas to corporate headquarters is covered.
Chrystals Estate Agents have been established on the Island since 1854 and can offer extensive knowledge of the Manx property market and advice on the best solution for your needs. Our experienced team are pleased to offer an unrivalled, personal service to help you find your perfect property.
Immigration to the Island is straightforward and can be undertaken through a variety of routes dependent upon your circumstances. The Isle of Man Government has recently launched its ‘Locate’ initiative which provides personal, tailored advice to anyone looking to relocate. For more information, practical tips and advice on relocating, please visit www.locate.im