Choose which of CIREBA's dedicated property professionals can help you best. 4.00 acres $175,000. Property prices can reach as high as KYD1,500 (US$1,800) per square foot (sq. Sparing no expensive, the attenti, Savannah, Block: 27C, Parcel: 711, Area: 40, Savannah, Grand Cayman, Exceptionally large lot .84 acre offering over 440" waterfrontage!!!!!! The Cayman Islands Largest Real Estate Portal. Cayman Islands Real Estate. eval(ez_write_tag([[300,250],'globalpropertyguide_com-box-4','ezslot_6',124,'0','0'])); “This would indicate that the decrease in the number of sales is a result in a lack of inventory rather than diminishing demand,” noted Charterland, Ltd adding that prices in the Seven Mile Beach continue to soar. The rental market is tight, especially near Seven Mile Beach in Grand Cayman, the islands´ most expensive area according to Capital Realty. Recently, there has been increased interest in canal-front homes, both from home buyers and property developers, according to the Cayman Islands Real Estate Association Brokers (CIREBA). The economy finally recovered in 2011, with a real GDP growth rate of 1.2%. Overview of the real estate prices in Little Cayman, Cayman Islands Searching homes for sale in Little Cayman, Cayman Islands has never been more convenient. Search for real estate in Cayman Islands and find real estate listings in Cayman Islands. easyCayman listings represents members of the local private MLS system ( CIREBA ), non CIREBA realtors and individuals who wants to sell/rent their properties independently. “We are into unchartered territory in the property market,” said Simon Watson of Charterland. "Cayman is a First World country in the Caribbean with a large international business community and well developed, diverse facilities including hospitals, schools, golf courses and hotels," says Charles Weston-Baker of Savills. 1 1 $265,000. List. For instance in 2011, Dart Group made significant acquisitions representing about 28% of the total value of all property transfers. Cayman Property For Sale - HOUSE - BREAKERS - MIDLAND ACRES, Price: CI$369,000, , Here is a great opportunity to own your 3 bed 2 bath home in Midland Acres (Breakers) at a great price! Contact. The total value of permits for houses was down by 13.3% and by 4.3% for apartments and condominium units. Grand Cayman Real Estate $304,000 Grand Cayman, Cayman Islands 0.43 acre seafront lot for sale in Grand Cayman located in the sought after community of Sunrise Landing in Savannah, Grand Cayman. Thanks to its twin pillars of development, tourism and international finance, this British overseas territory enjoyed average real GDP growth of 3.1% annually from 1998 to 2007. Prices range from US$600,000 to US$1.6 million. We will assist you throughout the process. However, Cayman… A quick summary of global real estate trends. Sale Seven Mile Beach. propertycayman. All the information contained herein is subject to errors, omissions, price changes, prior sale or withdrawal, without notice and is at all times subject to verification by the purchaser(s). In order to promote open and spam-free conversations, 2 Bedrooms 2 Full Baths 1,200 Sq. To attract more visitors, the government has been improving its infrastructure and flight access, opening a brand-new airport terminal in Grand Cayman. Cayman Real Estate For Sale Updated and Current Real Estate MLS Listings for Sale. The real estate market. Our site is the ultimate place to discover property for sale in the Cayman Islands for buyers drawn to this “carefree corner of the Caribbean”. After several challenging years, the Cayman Islands’ property market is growing again rapidly. There is also a growing interest from Europeans and South Americans. Economic growth averaged 2.4% from 2012 to 2017. Currently, monthly rents range from KYD2,000 (US$2,400) to KYD9,000 (US$10,800). In 2018 property transfers on the open market were up 9% to 857, the highest level since 2005, according to Charterland, Ltd, with transaction values up 17.8% to KYD800 million (US$962.3 million). If you’re wanting to invest in residential real estate or commercial real estate, Cayman Islands real estate has everything you need. More exposure and leads for agents and brokers. The most expensive housing is along Seven Mile Beach, a coral-sand beach on the western end of Grand Cayman island. Box 30189, KY1-1201 +1 (345) 233-3000 This lot features plenty of pri, Bodden Town, Block: 43D, Parcel: 175E, Area: 50, Bodden Town, Grand Cayman, Perfect site for a luxury home with almost 150’ on water frontage. Login or Register to submit a comment! Homes For Sale in Cayman Islands | CENTURY 21 Global. Compare. Explore a large selection of Cayman Islands Real Estate. ft. single family dwelling located on a 1.4 acre beachfront site on South Sound: sold for KYD4.96 million (US$5.91 million). easyCayman has real estate listings for thousands of homes for sale and rent across the Cayman Islands. The Cayman Islands offers a wide array of properties at a variety of price points from amenity-rich beachfront condominiums on Seven Mile Beach to elite, secluded Caribbean Estates. Browse the Cayman Islands real estate property listings. The Terraces, located in the Camana Bay, also offers 63 apartments for long-term rental, with monthly rents starting from KYD2,100 (US$2,500) for a one-bedroom unit. The maximum loan-to-value (LTV) ratio is 70% of the property´s appraised value, with a maximum term of around 10 to 15 years. Growth is centered along Seven Mile Beach for condominiums, and Cayman Kai, on the island’s north, for single-family homes. Articles, news, and info about Cayman’s ever-changing property market. Get GPG fortnightly newsletters delivered to your inbox. Cayman Islands Real-Estate Brokers Association members are all on the Multi-List System – which means you only need to work with one agent in the Association to get information on any listing. Beachfront residences range from just under US$500,000 … Little Cayman West, Block: 80A, Parcel: 1N, Area: 95, Little Cayman West, Little Cayman, Rare North Facing .34acre Parcel in the Heart of Bloody Bay Across the Street From the Beach.� 100Ft Away from Beach Access Road to Bloody Bay's Sugar Sand Beac, Little Cayman West, Block: 77A, Parcel: 42, Area: 95, Little Cayman West, Little Cayman, 25 Acre Waterfront Parcel Covering 50% of the Western Edge of Little Cayman.� 1850 feet of Water Frontage Varying Between Sandy Beach and Flat Rock Ironshore.�, Little Cayman West, Block: 77A, Parcel: 16, Area: 95, Little Cayman West, Little Cayman, 17 acres of gentle slope from almost mid-spine of Island south to just \nshort of south coast road. Over the same period, cruise arrivals fell by 5.9% to 1,332,159 tourists. Distant views of the sea from this inland \nparcel. They are more affordable then oceanfront properties, yet offer incredible views to home owners. In Grand Cayman, residential building permits fell by 10% in 2018 from a year earlier. Buyers hire an attorney and notary, with fees ranging from 0.5 to 1 percent of the purchase price. Did you know: Our Real Estate channel is the most watched in Cayman. Fresh deals, property inspo, market know-how and behind-the-scenes real estate action! Search Cayman Islands Property for Sale. If you deal with more than one CIREBA agent during the purchase, the sales price … Real estate in the Cayman Islands where you can buy condos, waterfront property, seafront condos, development land parcels. Seven Mile Beach condominium development site, measuring 2.88 acres: sold for KYD45.78 million (US$54.5 million), Holiday Inn Resort (former Grand Caymanian Hotel): sold for KYD15.6 million (US$18.6 million), Ritz-Carlton Residences: a residential property was sold for KYD8.15 million (US$9.7 million), Seare Residences: a residential property was sold for KYD5.83 million (US$6.94 million), A 10,400-sq. Manage your subscription. !  220" @ seawall/canal ready for any size dock PLUS over 200' of sandy beach North Sound, Lower Valley, Block: 32D, Parcel: 126, Area: 50, Lower Valley, Grand Cayman, This large .34 acre parcel is available, for now, but not for long, as property in this developing area has been in high demand. There are no restrictions on foreign ownership of property in the islands. During the first three quarters of 2019, stay-over visitors rose by 10.3% to 386,290 tourists from the same period last year. Grand Cayman Islands Real Estate Listings - Amazing Beaches, Houses & Properties Although inventory is slim and sales move fast, there are still a variety of homes available in the Cayman Islands at different price-points, ranging from a 2-bedroom cottage in Cayman Brac for US$162,000 to a waterfront palace in Grand Cayman for US$39,950,000 (October 2020)! ... 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. eval(ez_write_tag([[336,280],'globalpropertyguide_com-banner-1','ezslot_8',127,'0','0'])); Canal subdivisions can be divided into five levels, depending on price and quality. Global Property Guide moderates commetns on all articles. Box 10271 Grand Cayman, KY1-1003 Search properties in Cayman islands like single family home, condos, apartments, vacant land, etc. The highest value property sales recorded in 2018 include: However from January to September 2019, total freehold property transfers fell by 8.3% at 1,447 units, compared to the same period last year, according to Cayman Islands’ Lands and Survey Department. In 2018, about 47% of households in Cayman Islands rented their dwellings, up from 41.5% seven years ago, according to the Economics and Statistics Office. Property Type. Listing price of these homes is between 595,000 USD and 39,950,000 USD with the average price being 2,626,513 USD. The most popular property types are House (51) and Apartment (18). However in the first nine months of 2019, freehold property transfers fell both in number and value by 8.3% and 11.4%, respectively, due to limited supply. Listing price of these homes is between 595,000 USD and 39,950,000 USD with the average price being 2,645,400 USD. 51 Total Results. Browse Our Cayman Islands Real Estate Listings. Properties for Sale. Connect to real estate Agents in Cayman Islands on CENTURY 21 Global. Please keep in mind that the sale or purchase of real estate in the Cayman Islands constitutes as Relevant Financial Business for the purposes of Cayman's anti money laundering measures. The Cayman Islands Largest Real Estate Portal with CaymanPropertyMLS.com you can search the widest selection of properties for sale in the Cayman Islands through our network of member companies. In Q1 2019, nationwide inflation rate stood at 4.5%, up from 1.7% in the previous quarter and 3.2% a year ago, according to ESO.eval(ez_write_tag([[250,250],'globalpropertyguide_com-large-mobile-banner-1','ezslot_10',145,'0','0'])); Unemployment was 2.8% in 2018, sharply down from 4.9% in 2017 and the lowest level since 2006. Search for Cayman Islands luxury homes with the Sotheby’s International Realty network, your premier resource for Cayman Islands homes. Another example is that of Safe Haven, though the canal-front properties there are leasehold. However, Caymanians are offered longer periods of between 30 to 40 years. One Canal Point recently broke ground on a canalfront development site opposite Foster’s Food Fair, which includes 17 townhomes, 38 one-bed apartments, and 19 two-bed apartments. The introduction of medical tourism has attracted tourists in the past several years. However economic growth has been modest since then. Sale West Bay. How expensive are houses in Cayman Island, compared to the rest of Caribbean? Get details of properties and view photos. Luxury homes in Cayman Islands have between 1 and 11 bedrooms and averages 919 ㎡ in size. The monthly rent of two-bedroom apartments across the road starts at KYD1,500 (USD1,800) while those on the sea are rented from KYD2,000 (USD2,400) to KYD4,600 (USD5,530). ... Banks usually ask for deposits of between 10%–35% as a contribution towards the purchase price or construction cost. Financial Overview: Property in Cayman Is. It is scheduled for completion in 2021. For sale by Owners, Developers, International Agents, Real Estate Agencies, Law Firms, Accountants, Portals, Cayman Islands Real Estate Association Brokers, http://www.charterland.ky/wp-content/uploads/2019/03/CPR-charterland-2018-web-final.pdf, https://www.globalpropertyguide.com/Caribbean/Cayman-Is/Rental-Yields, https://www.caymancompass.com/2019/04/29/new-74-home-canalfront-development-planned/, https://www.caribjournal.com/2019/05/06/cayman-islands-record-tourism/, https://www.visitcaymanislands.com/Visitcaymanislands.com/media/Documents/2019-9Month-Snapshot.pdf, https://www.eso.ky/UserFiles/page_docums/files/uploads/the_cayman_islands_annual_economic_repor-2.pdf, https://www.eso.ky/UserFiles/right_page_docums/files/uploads/the_cayman_islands_compendium_of_statist-10.pdf, http://www.caymanlandinfo.ky/AboutUs/Statistics/2019Statistics/tabid/269/Default.aspx, https://www.caymancompass.com/2019/03/10/property-sales-hit-new-record-amid-real-estate-boom/, https://www.eturbonews.com/450283/cayman-islands-performance-indicates-sustained-tourism-growth/, https://www.caribjournal.com/2019/11/24/cayman-islands-tourism-flocking/, Property prices are rising strongly in Cayman Islands, Cayman Islands' housing market is gaining momentum. In 2018, the average foreclosure rate dropped to 1.6%, from 2.1% a year ago. The absence of taxes and restrictions on foreign ownership of land makes investing in the Cayman Islands very attractive. There are at least 20 canal residential subdivisions in Grand Cayman, half along the Seven Mile Beach and West Bay, and the other from Prospect to North Sound Estates and the Cays in Rum Point. Engel Volkers Cayman Islands are apart of CIREBA and the MLS system. Learn what returns you are likely to earn, and where are the best opportunities. Mortgage interest rates in the Cayman Islands are typically tied to the prime rate set by the Cayman Islands Monetary Authority (CIMA), which follows the US Fed funds rate, but are one or two percentage points above the current prime rate. Watch Now. 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