Cayman Real Estate Buyers Guide

How the Multiple Listing Service ( MLS) of The Cayman Islands Real Estate Brokers…

In the Cayman Islands, the property title is guaranteed by the government…

It is possible for foreigners to open bank accounts and borrow to finance a…

Welcome to the Cayman Islands! So you’ve finally made it to paradise…

The Cayman Islands is a perfect destination for investors to develop their…

Why invest in Caribbean real estate? While the answer may seem, at first glance…

Choose a broker who understands your Real Estate needs

When you scan the various Cayman real estate websites, you will see a MLS # for almost all properties for sale. What this means is that the property is ‘Multi-Listed’. This enables any agent in the system to assist you with information about a particular property. Cayman Islands Real-Estate Brokers Association members are all on the Multi-List System – which means you only need to work with one agent in the Association to get information on any listing. If you deal with more than one CIREBA agent during the purchase, the sales price of the property will not be affected. This is called co-brokering. In this case, the commission is split evenly between the companies involved.

Advantage of buying Cayman Islands Real Estate

The Cayman Islands is ideal to sophisticated property investors for many reasons. Not only is it an inviting location to visit, but also there are no direct taxes: no income tax, no capital gains tax and no inheritance tax. The language is English, and the American dollar is readily accepted although the local currency is the Cayman dollar which is pegged to the US dollar at US$1.25. The way the government exists in the Cayman Islands is by putting a 20% importation fee on all goods brought on the island.

Although there is no direct form of taxation in the Cayman Islands, the Government imposes a one-time property transfer fee called “Stamp Duty” on real estate. This is usually paid by the purchaser at the closing of the transaction. The fee is 7.5% along the Seven Mile Beach corridor and 6% for the rest of the island. Furnishings are deducted from the sales price before calculating stamp duty.

LA SERINIDAD Savannah

Small and private complex in a quiet neighbourhood, this lovely 1 Bed 1 bath single story condo is close to...

1

Bedrooms

1

Bath

60

Area

DOWNTOWN REACH TOWNHOUSE 602 George Town East

Downtown Reach is a new residential development located just off Linford Pierson Highway. The first phase of the development will...

2

Bedrooms

2.5

Bath

SAVANNAH MEADOWS HOME Savannah

Large income producing home in quiet Savannah Meadows. Owner still lives on property but has divided the home into two...

5

Bedrooms

3

Bath

0.2879

Lot size

BAMBOO VILLAS Spotts

New modern townhomes. PHASE I completed at the end of October 2018! Two storey 2 bed/2.5 Bath and three storey...

2

Bedrooms

2.5

Bath

MODERN DUPLEX ON GREENALL STREET Savannah

What a great Investment! Brand new, just completed Modern Duplex located just off Shamrock Road in Savannah Meadows. The Duplex...

4

Bedrooms

6

Bath

0.3279

Lot size

30 WATER STREET Savannah

Fantastic opportunity to own a perfect four bed three bath home on Water Street. Property has been diligently cared for...

4

Bedrooms

3

Bath

0.2224

Lot size

Grand Cayman Real Estate is Right for you

If you are looking to purchase a getaway that is still close to all of the conveniences of modern life, or want to invest in a property that will serve as a popular rental for tourists, Grand Cayman Real Estate is right for you. Grand Cayman is home to George Town, the capital city of the Cayman Islands. With a population of just under 30,000 residents, George Town offers British sophistication complimented with Caribbean hospitality. This financial center appeals to both tourists and residents, who can enjoy the convenience of a city center with the friendliness of a small town. Watch a movie at the local theatre, spend a day on the golf course, relax at the spa, savor local cuisine, take a trip to the National Museum or Cayman Turtle Farm, or browse the many fine boutiques. Grand Cayman has it all.