Cayman Islands Real Estate Buyer's Guide

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.

Buyer's Guide

Multiple Listing Service

How the Multiple Listing Service ( MLS) of The Cayman Islands Real Estate Brokers Association ( C.I.R.E.B.A ) Works for You The Cayman Islands Real Estate Broker Association ( CIREBA) is comprised of 32 Real Estate member companies who ar…

Title Guarantee

In the Cayman Islands, the property title is guaranteed by the government. To keep the benefit of guaranteed title, the buyer must file with the Land Registry, a modern system making the process simple, quick and safe. The Land Registry is efficie…

Banking and Lending Information

It is possible for foreigners to open bank accounts and borrow to finance a purchase. Local banks will generally lend between approximately 50-75% of the property value to foreigners and will generally require a first legal mortgage over the prope…

Immigration Laws

Welcome to the Cayman Islands! So you’ve finally made it to paradise. Just a couple of things to note that are important for the visitor- Visitors are required to present a valid passport, nationals of the US, UK and Canada no photo copie…

Construction and Development

The Cayman Islands is a perfect destination for investors to develop their projects or for just everyday home owners to build their dream vacation home. Cayman has spent considerable money and time to develop one of the finest professional Planning…

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Cayman Homes for Sale

PATRICK’S AVENUE CANAL HOME, SPOTTS Spotts

Residential (family house and apartments). Single storey house & 2 apartments. The house was built in 1993 over a double...

3

Bedrooms

2

Bath

0.3214

Lot size

SOUTH SHORE Spotts

Super location! Lovely 3 bedroom condo facing the sea and just minutes to Hurley's supermarket and Grand Harbour for food,...

3

Bedrooms

2

Bath

HAWKINS DRIVE APARTMENTS George Town South

ROI of 12%. Fully rented with a waiting list. Very few George Town properties available with 21 bedrooms and very...

19

Bedrooms

21

Bath

0.2300

Lot size

EXECUTIVE CANAL FRONT HOME – CLIPPER… West Bay Beach South

Spectacular, executive home in hottest new, canal-front subdivision of Clipper Bay. This contemporary home will be built to the highest...

4

Bedrooms

5.5

Bath

0.3560

Lot size

CLIPPER BAY West Bay Beach South

One of the few available canal front lots along the SMB corridor. Filled, boat dock, brand new community.

0.3560

Lot size

180.00

Width

180.00

Depth

LITTLE CAYMAN EAST Little Cayman East

Large lot .42 acre in an elevated subdivision(12 feet) within 5 minutes walk to the soft white sands at Point...

0.4200

Lot size

105.00

Width

175.00

Depth

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.