• Average asking price $2,598,967
  • % + or - average Caribbean property price +14%
  • Property price range $204,753 - $39,950,000
  • Average price per sq ft $551
  • Annual tourist arrivals 385,541
  • % change in annual tourist arrivals +0.01%

Overview – The Cayman Islands Real Estate Market

As a highly successful offshore financial centre, the Cayman Islands has one of the strongest economies in the Caribbean region. High net worth individuals and businesses are attracted to its tax neutral status and one of the highest standards of living in the Caribbean. This trio of islands, which is located north-west of Jamaica, has much more to offer property buyers too.

With some of the world’s best beaches, including the famous Seven Mile Beach on the main island Grand Cayman and several luxury hotels, the tourism industry has been growing at record levels. Smaller sister islands Cayman Brac and Little Cayman offer a slower pace of life and beautiful scenery. All three are renowned for some of the best diving in the Caribbean.

With such a large number of hedge funds, banks and businesses based in the Cayman Islands, the real estate market is geared to the top end of the market – much like the nearby BVI. Property for sale includes luxury condos and beachfront homes for sale overlooking Grand Cayman’s Seven Mile Beach. Beachfront land for sale is also available on Cayman Brac and Little Cayman.

 

Search our Cayman Islands Real Estate Listings

As specialists in luxury Caribbean property, we can introduce you to a wide selection of the finest residential property, land for sale and commercial real estate in the Cayman Islands.

Our agents in the islands can offer unrivaled local insight into the market and the most desirable investment opportunities.

To discover your perfect property in the Cayman Islands, search our Cayman Islands real estate listings.

 

Areas – Grand Cayman

Grand Cayman

Discover Grand Cayman – Read our Guide to Grand Cayman Real Estate.

Bodden Town

Discover Bodden Town – Read our Guide to Bodden Town Real Estate.

Cayman Kai

Discover Cayman Kai – Read our Guide to Cayman Kai Real Estate.

Crystal Harbour

Discover Crystal Harbour – Read our Guide to Crystal Harbour Real Estate.

East End

Discover East End – Read our Guide to East End Real Estate.

George Town

Discover George Town – Read our Guide to George Town Real Estate.

Rum Point

Discover Rum Point – Read our Guide to Rum Point Real Estate.

Seven Mile Beach

Discover Seven Mile Beach – Read our Guide to Seven Mile Beach Real Estate.

West Bay

Discover West Bay – Read our Guide to West Bay Real Estate.

Areas – Sister Islands

Cayman Brac

Discover Cayman Brac – Read our Guide to Cayman Brac Real Estate.

Little Cayman

Discover Little Cayman – Read our Guide to Little Cayman Real Estate.

 

Buying Property in the Cayman Islands

There are no restrictions on foreigner buyers purchasing Cayman Islands real estate. Property in can be purchased in the name of an individual or corporation.

Foreign investors can also purchase land and there are no requirements to develop the land within a defined timeframe, unlike other Caribbean islands.

Once you have made a formal written offer in standardized format and that offer has been accepted, you will be required to pay a deposit. You should have the property professionally inspected. Upon transfer of funds, both you and the seller should execute a Transfer of Land form and the transaction will be complete and title is guaranteed by the government via a computerized Land Registry system.

Buyers are required to pay a one time stamp duty of 7.5% of the purchase price or market value of the property (whichever is higher). Legal fees typically amount to an additional 1% of the purchase price of the property.

It is possible for “wealthy retirees, entrepreneurs and investors” who have no need for employment to apply for residency in the Cayman Islands for a period of 25 years (renewable).

 

Mortgages in Cayman Islands

Looking for financing to fund the purchase of property in the Caribbean?

Contrary to popular misconception, it is possible for foreign nationals looking to invest in Cayman Islands real estate to apply for a mortgage.

Our partner – a very well respected international financial organization – offers mortgages for qualifying non-residents buying, building or improving a second home in the Cayman Islands.

For more information, see our page on: Caribbean mortgages.

 

Cayman Islands – Land for Sale

Purchasing a lot of land provides you with a blank canvas and the opportunity to build your dream home in the Cayman Islands.

Whether you are looking for beachfront land or a centrally located plot, we offer various lots of land for sale in the Cayman Islands.

For larger parcels of land for commercial development, please see our commercial real estate listings.

 

Saving on Your Purchase

You could save money when investing in Cayman Islands real estate by using a foreign exchange expert to get the best rate for your property purchase. We have partnered with Halo Financial, a specialist in foreign exchange, to help you get the best exchange rates when making one-off or regular international payments for a property purchase in the Cayman Islands. To see how you could save money, read more: Foreign Exchange.

 

Getting There

There are direct flights to the Cayman Islands from various cities across the United States, Canada and various Caribbean islands.

Flights arrive at Owen Roberts International Airport which is located in George Town near to Seven Mile Beach on Grand Cayman.

From the USA, there are direct flights to the Cayman Islands from Atlanta (Delta), Boston, Charlotte and Philadelphia (US Airways), Miami (American Airlines), Houston and New York (Continental Airlines) and Detroit and Minneapolis (Northwest Airlines).

From Canada, Air Canada flies from Toronto to the Cayman Islands.

From the UK, fly with BA from London.

From Jamaica, Air Jamaica operates direct flights from Kingston and Montego Bay.

Flight Times:
Atlanta to Grand Cayman: 2 hours 45 mins
Boston to Grand Cayman: 6 hours 35 mins
Houston to Grand Cayman: 2 hours 55 mins
Miami to Grand Cayman: 1 hour 30 mins
New York to Grand Cayman: 5 hours 55 mins
Toronto to Grand Cayman: 4 hours 00 mins

Local weather

28° Precipitacion0.13%
Wed 28° | 31°
Thu 27° | 31°
Fri 27° | 31°
Sat 28° | 31°
Sun 28° | 31°
Mon 28° | 30°
Tue 28° | 30°

Local time

7:55AM Wednesday 18th Jul 2018 (EST)
Wed 28° | 31°
Thu 27° | 31°
Fri 27° | 31°
Sat 28° | 31°
Sun 28° | 31°
Mon 28° | 30°
Tue 28° | 30°

Fast facts

  • Population 58,435
  • Capital George Town
  • Language English
  • Currency Cayman Islands Dollar
  • Time zone GMT-5 | ET