Purchasing Land or Real Estate

The local real estate market is buoyant; there are plenty of homes and apartments for sale and many new developments, including affordable "townhouse" complexes. Building a home remains popular, but the price of lots, especially around George Town, is rising sharply. Of course, waterfront property is always a solid investment. Sandy beachfront lots start from around US$200,000.00 (100 ft wide) and soar to an incredible US$4 million for the same on Seven Mile Beach.

Time shares, or interval ownership developments, are another popular form of real estate investment. US$15,000.00 will buy you and your family a week's vacation accommodations in the Cayman Islands. Options for this type of investment are spread island-wide and range from small, intimate resorts to large scale developments.

There are no restrictions on foreign ownership of land in the Cayman Islands. A modern land registration system is run by the Government's Department of Lands and Survey. Stamp duty is payable on transfers of land and mortgage deeds. Download a list of stamp duty charges click here.

Real estate prices are lower on the Sister Islands than Grand Cayman. Investors and developers will find a surprising amount of prime ocean-front property available on both Little Cayman and Cayman Brac, ideally suited for retirement property or for those looking for a more relaxed lifestyle.

For a listing of real estate companies and agents click here.