Phase 1, including the spectacular Club House and Pool, has been completed to the highest standards. . Your destination for buying luxury condos in Cayman Kai, Cayman Islands. Buying a Condo in Cayman Islands? Unit owners are required to pay a strata fee annually, usually based on the square footage of their condo. 18 Mar 2019. If you are looking to purchase a getaway that is still close to all of the conveniences of modern life, or want to invest in a property that will serve as a popular rental for tourists, Grand Cayman Real Estate is right for you. Advertise, buy or sell houses, homes, villas, apartments, land and businesses. a condo rather than a stand alone house in the Cayman Islands 跳过此页进入主要内容 Did you know : Our Real Estate channel is the most watched in Cayman. Invest, buy , rent in properties.This beatiful property for your future, retire and live your life in the country of Cayman Islands in the best location. Whether you have been toying around with the idea of buying a condo to relocate, for retirement, as a vacation home or as an investment offering high income-generating potential, this guide is designed to cover all aspects of buying an apartment from finding condos for sale in the Cayman Islands through to the various steps involved in the purchase process. Homes Available. The demand for high quality rental accommodation from both local residents and international visitors provides the ideal opportunity for investors to earn significant income via the property rental market. In the process, you'll learn how responsive, and organized, the board and its members are. I was a visitor here for several years coming a couple times a year for at least two weeks a trip. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Sotheby’s International Realty Affiliates LLC nor any of its affiliated companies. Buying a condo in the Cayman Islands offers investors the opportunity to own property in one of the Caribbean’s most dynamic real estate markets and a dream destination for beach and diving lovers. Close Map. After several trips, our desire to have a vacation home there won out over our initial concerns and we started exploring an investment more seriously. We have 200 listing in our database. Luxury Condos for Sale in Grand Cayman. 'She was going back and visiting her old landmarks. We rented out briefly. Put simply, buying a condo on Seven Mile Beach is a great investment! Preferences. The full details of how we use the personal information you provide to us, and the steps we take to protect your privacy, can be found within our privacy policy. There are undoubtedly many advantages to choosing to invest in The Cayman Islands.Here we will take a brief look at some of the legal benefits and what opportunities there are to make a return on your investment in the Cayman Island property, please consult a local attorney for more details. The Cayman Islands operates the Torrens system of land registration, which is also in operation in Canada and Australia, and this system is generally considered to be simple and effective. Cayman Island Real Estate | Visit Sotheby's Realty. We have land listings, oceanfront condos, sandy beachfront lots, and Luxury Mansions at your fingertips in Grand Cayman as well as Cayman Brac and Little Cayman. Don't know for sure what you … The cost of condos in the Cayman Islands varies according to several factors such as location, size and perceived value. Upstairs is the master with en suite, second bedroom with en suite and third loft room. Relish your stay in the Caribbean paradise by renting the right property. The condo provides ease of ownership allowing a buyer to own property on Seven Mile Beach for example for a fraction of the cost they would incur if trying to buy a house in the same location. There are no restrictions on foreign buyers acquiring real estate in the Cayman Islands and, unlike in other destinations in the Caribbean and Central America, foreign buyers do not need to apply for any kind of license or permit to purchase property. Condo is short for Condominium; you could otherwise call them apartments or flats depending on where you come from. Firstly, once a preferred unit has been selected, the buyer will typically need to sign a purchase and sales agreement and pay a deposit (e.g. The Cayman Islands have for many years enjoyed a thriving economy with growth in population and tourism fueling investing in the Cayman Islands property market a profitable venture. Idyllic Caribbean vistas are complemented by amenities, infrastructure and entertainment destinations of the highest quality such as a fabulous culinary scene, lively nightlife and duty-free luxury shopping. Yes, foreign nationals can buy condos in the Cayman Islands and the Government of the country welcomes foreign investment. Direct from Private Sellers & Agents. To find investment opportunities from across the islands from luxurious residences on prestigious Seven Mile Beach to condos in serene East End, explore condos for sale in the Cayman Islands on our website. Did you know: Our Real Estate channel is the most watched in Cayman. Point2 gives you far more than a simple list of houses for sale. So unless you bought property right before the present international recession, Cayman is a good investment. A wide range of international apartments to buy in Cayman Islands with Primelocation. The buyer will then need to make a series of stage payments (e.g. Your property buying checklist for buying real estate in the Cayman Islands By Anna Wootton and Florence Allan. Buy beach condos with CIREBA. A centrally located pre-construction development, perfectly suited for families. Buying a condo in the Cayman Islands is a relatively straight-forward process. Find best Condominiums in the Cayman Islands. "Buy low - sell high" being the operative words here. Special assessments may involve considerable costs and you might well be able to get the existing owner to pay for them (or have them deduct it from the sale price). Edit. Property can be purchased in the name of an individual or corporation which can be more tax efficient and allow for a speedy resale. Seven Mile Beach, Grand Cayman, Cayman Islands. Is Buying a Condo in the Cayman Islands a Good Idea? Reply. 4 bedroom condo for sale in Grand Cayman located at Sunrise Villas, a family and pet friendly complex in South Sound. Contact 7th Heaven Properties, the Luxury Caribbean Property Specialist, to explore the full range of investment opportunities in the Cayman Islands. Cayman Islands. Located in the heart of the Caribbean Sea, the Cayman Islands is a small but mighty archipelago gaining an international profile as a prestigious tax neutral jurisdiction. Experience the best beachfront lifestyle with unrivalled amenities at our luxurious condos for sale in the Cayman Islands. The US dollar is widely accepted throughout the islands. A great unit in Villa Royale with low strata costs and a great location on Seven Mile Beach close to public beach, restaurants and the Kimpton. Watch Now. If you are considering Buying or Selling Property in The Cayman Islands, we can help you. The condor recovery program initially would have left birds in the wild to mentor captive birds as they were released, Brooks said. With Point2, you can easily browse through Cayman Islands single family homes for sale, townhomes, condos and commercial properties, and quickly get a general perspective on the real estate market. Condos, also known as flats or apartments depending on where you come from, offer comfort and a luxurious lifestyle without those high costs associated with the term ‘luxury’. As you would expect at home, upon receipt of your application the financial institution will conduct typical checks to assess your suitability for a mortgage. US$ 2,100,000 - US$ 2,100,000 Seacrest. Cayman Islands condominiums are sold under the Strata Titles Registration Law (2013 Revision), which sets out the framework for condo ownership and management within the Cayman Islands. 1453 West Bay Road. Blog Here are 10 Questions you should get answered by the condo board of the complex where you want to buy, or through the documents they give purchasers before closing. Beautiful ground floor, canal front unit.Extended views down the canal through the newly upgraded hurricane windows and doors in the living room and master bedroom. Buying property in the Cayman Islands is relatively simple and straightforward. Grand Cayman, Cayman Islands. Find out all about buying a condo in the Cayman Islands in our guide. Vacation rental options have become even greater now that Airbnb is in place on the Island. Jan 7, 2021 - View the Best 785 vacation rentals with Prices in Grand Cayman with Tripadvisor's 7,283 unbiased reviews for a great deal on condos in Grand Cayman, Cayman Islands The condor's trail seemed to indicate that she still remembers her home, Clark said. Only 10 miles long and one mile wide, it is surrounded by white sandy beaches. We fell in love with GC, but were surprised by how many for sale signs we saw as we drove around the island. Listing price of these homes is between 595,000 USD and 39,950,000 USD with the average price being 2,626,513 USD. Each franchise is independently owned and operated. Buying a property in the Cayman Islands 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. Grand Cayman Real Estate is Right for you. Apart from a restriction on the number of properties you can buy without licence, there are no restrictions on foreign ownership of property within in the Cayman Islands real estate … Where are the Best Places to Buy a Condo in the Cayman Islands? The balance of the purchase price (e.g. Saved to watch list . Buying a house in the Cayman Islands is an opportunity to own real estate in one of the most beautiful, friendly and exclusive destinations in the world. There is also ease of ownership from the point of view that within a condo complex the landscaping, pool cleaning, external maintenance etc. For those in search of somewhere quieter, Rum Point offers a tranquil alternative, while for buyers on a more modest budget, be sure to take a look at East End. Located in upscale and elegant areas of one of the most desirable regions in the world, these condos creatively combine provincial quaintness with … More on Cayman Islands Condos. George Town. Watermark condo tower, artist's renditionWaterMark construction siteWaterMark construction site (CNS): The developer behind the WaterMark condo tower on Seven Mile Beach currently under construction, where units sell for close to US$10 million, has been granted CI$8.2 million in import duty waivers on all construction materials and equipment for its development until February 2023. Get in touch with a Cayman Islands real estate agent who can help you find the home of your dreams in Cayman Islands.. Not ready to buy yet? Now is the time to buy at Periwinkle. The benefits of investing in real estate in the Cayman Islands among others are the following: There are undoubtedly many advantages to choosing to invest in The Cayman Islands.Here we will take a brief look at some of the legal benefits and what opportunities there are to make a return on your investment in the Cayman Island property, please consult a local attorney for more details. The first LEED sustainable community in the Cayman Islands, Periwinkle is perfect for active families that are looking for an ocean lifestyle with true community spirit at its’ heart. Suus. This unique residence is extremely wide with unobstructed Seafront views from its living room, dining room, and bedroom. You'll also be alerted to potential problems with the property. Please note that our site only showcases a sample of the condos and apartments available. Browse 30 properties in Cayman Islands, Caribbean. Show Map. ERA Cayman has over 200 Active Listings for Grand Cayman Condos. Blog Here are 10 Questions you should get answered by the condo board of the complex where you want to buy, or through the documents they give purchasers before closing. Find Your Future Home – Luxury Condos for Sale in the Cayman Islands. Cayman Islands condos range from opulent residences with luxury amenities to modest vacation getaways ideal for rental income. $1,024,390. But I would like to delve a little deeper as to why buying property along this highly sought-after stretch of real estate is a smart move. Each year a stream of visitors adds to the demand for accommodation. Currency: Cayman Islands uses Cayman Islands Dollar (KYD), which is pegged to the US dollar at KTD1.2 = US$1. Cayman condos for sale come in many sizes, prices, and locations. The difference between buying a condo and a house, the benefits to owning stratafied property i.e. It is required by law that a strata complex is insured, but favourable rates are usually obtained by condo complexes by virtue of their size when compared to insuring a standalone house, so these fees along with the general maintenance are broken down into what is usually a monthly or quarterly fee and each condo is assessed by its size so that a unit that has more square feet will have higher portion of these fees, known in the Cayman Islands as strata fees, monthly maintenance or condos fees these are equivalent to Home Owners Association (HOA) fees in the US & Canada. Are you looking for an apartment to buy in Cayman Islands? A selected list of current properties from our portfolio for “buy an apartment“ follows. Prospect, Grand Cayman, Cayman Islands. MLS# 1145463 Condo For Sale . March 17, 2017, 2:06 am. The round trip transaction costs include all costs of buying and then re-selling a property - lawyers' fees, notaries' fees, registration fees, taxes, agents' fees, etc. Loading . Cayman Islands - - For Sale. Our database from the MLS includes all the latest listings of all Condos available for sale in Grand Cayman, Cayman Brac and Little Cayman. For more flats to buy, click below on “more results“. The property consists of a patio, a kitchen, 2 bedrooms for up to 4 guests. Cayman Islands Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Cayman Kai, Grand Cayman, Cayman Islands. There are no restrictions on foreign buyers acquiring real estate in the Cayman Islands and, unlike in other destinations in the Caribbean and Central America, foreign buyers do not need to apply for any kind of license or permit to purchase property. Can Foreigners Own Condos in the Cayman Islands? the final 20%) should be transferred upon completion of construction and ownership of the unit will be transferred to the buyer. First place was an upscale condo smack in the middle of SMB. - LDX Feed Discover how, where and why to buy. Luxury homes in Cayman Islands have between 1 and 11 bedrooms and averages 943 ㎡ in size. Property For Sale in Caribbean. Epitomizing sophistication and contemporary chic, The WaterMark offers unprecedented bespoke living on Seven Mile Beach, Grand Cayman, Cayman Islands. Getting a Mortgage in the Cayman Islands Investment Opportunities – Explore Condos for Sale in the Cayman Islands. Open plan living room with kitchen and and dining overlooking private screened porch with great views. Every … For more detail on the purchase process, please see our guide to buying property in the Cayman Islands. 4321 Property . These are very intelligent birds.' A strata is the legal framework that provides freehold ownership of an individual property within a multiple-property complex as well as shared ownership of the land & common areas. We put together this guide for investors considering buying a condo in the spectacular Cayman Islands. With supply constrained and demand ever increasing, prices are expected to continue to rise and investors are set to benefit from tremendous capital appreciation over the medium term. Learn about purchasing real estate in the Cayman Islands, including mortgages & borrowing, home insurance, importing furnishings and associated costs. LEARN MORE. © 2020 Cayman Islands Sotheby’s International Realty. Best real estate in this country with RE/MAX That depends very much on your personal preferences and objectives. With a population of less than 2,000, the Brac is a friendly, laid-back destination where relaxation is the order of the day. Pre-construction with Beach front at Rum point. several payments of 10% to 15% each) upon completion of each phase of construction (such as completion of the ceiling/exterior walls). Overview of the real estate prices in Cayman Islands Searching homes for sale in Cayman Islands has never been more convenient. SELL YOUR PROPERTY . Grand Cayman condominiums with well-managed stratas are of course desirable, and whilst most Cayman Islands condos … It is possible to buy a condo in the Cayman Islands with cash or a mortgage. All areas within the Cayman Islands, including Cayman Brac and Little Cayman. How Do you Buy a Condo in the Cayman Islands? Investment Opportunities – Explore Condos for Sale in the Cayman Islands. A strata is the legal framework that provides freehold ownership of an individual property within a multiple-property complex as well as shared ownership of the land & common areas. M. Join / Log In. Buying a property in the Cayman Islands Buying a property can be daunting, especially if you are planning to do so in a foreign country like the Cayman Islands. But what is the right choice for your needs, let us help you narrow it down. We purchased a Grand Cayman condo last year and had the exact same concern as you. Can Foreigners Own Condos in the Cayman Islands? Real estate in the Cayman Islands where you can buy condos, waterfront property, seafront condos, development land parcels. Cayman Islands Condo Rentals. GC kept calling us. Presented by the International Property Award-winning team behind Water’s Edge, The WaterColours and The Residences of Stone Island, this development comprises 54 exclusive beach-front units with some of the largest frontages on this … Put simply, buying a condo on Seven Mile Beach is a great investment. Sorry I am not of any help. View luxury property information and photos, while filtering for your perfect home. Sorted highest to lowest by price grid style up to 12 per page. Planned Special Assessments: If you are buying a condo, a good realtor will request a report from the strata’s property management company that confirms whether any special assessments are planned on the apartment complex. Cayman Islands, Grand Cayman, Real Estate, Seven Mile Beach, Caribbean Citizenship by Investment Real Estate. Luckily, the process of buying property in the Cayman Islands is relatively straightforward (most of the time). A sophisticated real estate market compared to other Caribbean islands, buying property in the Cayman Islands is typically a straight-forward process. I have been going to GC since the mid 70s. The second largest of the Cayman Islands, at 14 square miles ‘the Brac’ is marginally larger then Little Cayman. US$ 1,227,400 - US$ 2,633,100 Rum point club residences. … ::: NORTHERN LIGHTS CONDOS 3⋆ ::: GRAND CAYMAN, CAYMAN ISLANDS ::: COMPARE HOTEL RATES Epitomizing sophistication and contemporary chic, The WaterMark offers unprecedented bespoke living on Seven Mile Beach, Grand Cayman, Cayman Islands. As one of the world’s leading offshore financial centers, the Cayman Islands has a thriving economy and a strong local market for rental properties. The quality modern condo developments near the beach are among the biggest reasons why Cayman Islands real estate is in such high demand. Find all grand cayman for sale properties available on CENTURY 21 Cayman Islands. Sotheby's International Realty ® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission. Condos for sale in Seven Mile Beach overlooking the beach and the sea are particularly sought after, as are condos in the West Bay area. Grand Cayman is home to George Town, the capital city of the Cayman Islands. Ready to begin your search for condos for sale in the Cayman Islands? Login ⇡ Post a property Home Help Contact 4321 Property Login. Browse through different locations, price range and amenities $914,634. So, it’s all about what you are looking to do with it. Prices range from approximately US £250,000 to US £300,000 for a hotel suite-style unit or a smaller 1 bedroom unit in areas with lower average prices such as East End up to US $1.5 million to US $7 million for ultra-luxury beachfront condos for sale in Grand Cayman set directly on the most desirable stretches of Seven Mile Beach. We fell in love. ... Guide to the new real estate developments in the Cayman Islands including recent developments and upcoming projects scheduled in the near future. Buying Real Estate. How Do you Buy a Condo in the Cayman Islands? Should your application be approved, you should expect interest rates to be a little higher than in the USA, Canada or Europe. The condo provides ease … Member of CIREBA. Map . Removed from watch list . Ask These Questions First . Engel Volkers Cayman Islands are apart of CIREBA and the MLS system. Read more: Why invest in the Cayman Islands? In the case of non-residents, up to 70% financing is typically available, which would therefore require a minimum down payment of 30%. Cayman Islands condos are the ideal way to invest in a vacation or second-home property as most developments have full-time professional staff to look after your needs. 10%) which will be held in an escrow account. Provenance Properties of Cayman Ltd. T/A Provenance Properties Cayman Islands takes your privacy very seriously and will only use your personal information to respond to your inquiry. This trio of islands is famed for its world-class white sand beaches, such as Seven Mile Beach, and views of turquoise waters and reefs which are ideal for diving, snorkeling and other water sports. Buying property in the Cayman Islands is a simple and straightforward process and is for many, not just a lifestyle purchase but a safe and sound real estate investment, unlike some other Caribbean Islands. Call (345) 949-9772 for booking. For buyers looking for investment properties in the Cayman Islands offering the potential to generate a strong Return on Investment, this breathtaking archipelago also makes a lot of sense. There is no annual property tax and no capital gains tax on the sale of a property. The term condominium or condo is used in the Cayman Islands real estate market to describe an apartment (similar in some ways to what might be referred to as a flat in the UK) that is part of a strata. Mortgage terms tend to be in the region of up to 15 to 20 years. As the most developed and populous island in the archipelago, Grand Cayman is far and away the most popular destination for property buyers investing in the Cayman Islands. Take advantage of low pre-construction prices! Below we have outlined the typical process for a new construction condominium unit. All this and more has made the Cayman Islands a fast growing tourism destination which welcomed a record half a million air arrivals in 2019. Whether you are considering buying a condominium for personal use or as an investment, the Cayman Islands real estate market is currently booming. CI$ 884,780 - CI$ 884,780 Indigo bay. A GREAT OPPORTUNITY to own this Beautiful, spacious top floor condo located in the fantastic Morritts Resort in the tranquil East End. Just over 100 people live permanently on the island, Little Cayman attracts many divers from all over the world with its outstanding coral reefs and marine life. 6 new developments in the Cayman Islands Show new developments only. 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