Property for Sale in Cayman Islands, Caribbean

The Cayman Islands real estate market offers the serious investor many great opportunities to make substantial gains over their investment in just a few years. Real estate prices continue to increase each year, but many great bargins can still to be found

Lucrative income from vacation property rentals, short and long term capital gains potential, and the absence of traditional real estate taxes make the Caymans a magnet for real estate dollars from all over the world. About half of all properties in the Caymans are owner-occupied.

The real estate market in the Caymans is a unique one affected by the international impact of competition for a share of the small island paradise.

All dealings in real estate in the Cayman Islands are based on a registered land system. All land is identified and numbered; a public records sheet relating to it is kept at the Land Registry. Land titles in this system are thus guaranteed by the government, title insurance is unnecessary and real estate transactions can be carried out quickly and efficiently.

Non-caymanians can easily obtain loans in the Cayman Islands. A payment of 10% of the value of the property is required as a down payment. Interest rates vary so ask your real estate agent for the latest rates. It is very difficult to get a loan in another country to purchase property in the Cayman Islands since this would leave the lending bank no recourse in the event of default.

The Cayman Islands do not have income, sales, property, capital gains, death, estate, inheritance or corporate taxes. There is, however, a tax on tourist accommodations and a departure tax of 5% for airline passengers.