Real Estate

Buying a property in Cayman has many advantages, not least that if you are staying for some time, mortgages tend to work out cheaper than rents over a three to five-year period.

There are no restrictions on foreign ownership of real estate if the property is for personal use and there are no annual property or capital gains taxes. If the property is rented out as an investment then no tourist tax is payable if the property is rented to residents. Cayman’s Land Registry office enables transfers to be relatively quick and simple.

Cayman Real Estate Overview

With a stable economy, high standard of living and beautiful environment, the Cayman Islands is also an ideal place for you to own property.

Residential Areas

Much like a big city, each neighbourhood and borough in Cayman has it’s unique qualities, quirks and characteristics. Read on for an explanation of residential areas not only in Grand Cayman, but in the Sister Islands too.

Buying Real Estate in the Cayman Islands

Buying a property in Cayman has many advantages, not least that if you are staying for some time, mortgages tend to work out cheaper than rents over a three to five-year period. There are no restrictions on foreign ownership of real estate if the property is for personal use and there are no annual property or capital gains taxes.

Home Insurance Overview

The average cost of annual house insurance is dependent upon a percentage of the property value and generally includes liability insurance. When purchasing a home with a mortgage, the bank will require you to have home insurance to cover and damages while paying off the mortgage.  Shop around for an insurance rate to suit your needs.

Property Management Services

Property management is an invaluable service on-Island, given the extensive number of property owners who live overseas. A good property management company will market your property, screen prospective tenants, draw up a lease, handle all financial matters, produce monthly reports, handle all maintenance matters and be on call 24/7.