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.
With no annual property, income or corporation tax, nor capital gains payable in Cayman, buying a property here is certainly worth considering. Moreover, with such a strong rental market, it can also make for a smart investment. The added benefit of making an investment here is that the variety of properties for sale— homes, villas, studio apartments and condos— are suited to any purse. Further along in this section you will be given a comprehensive break-down of popular neighbourhoods and their associated price ranges as well as an overview of all the districts in Grand Cayman, Cayman Brac and Little Cayman.
When devising a plan of action for your property search and potential purchase, a general understanding of the local market is the recommended starting point.
The Cayman Property Review, an independent property survey conducted by Charterland, a chartered surveying company based in the Cayman Islands which reports that the total number of open market transfers registered with the Cayman Islands Land Registry. Find this in-depth and interesting read by clicking here.
Land continues to be a solid investment in the Cayman Islands. There has been a significant increase in the volume of canal-front lots sold in recent years in areas such as Crystal Harbour, the CI Yacht Club and Patrick’s Island. Any reduction in land sales going forward is likely to be the result of diminishing supply, as opposed to a drop in demand.