If you’re wanting to invest in residential real estate or commercial real estate, Cayman Islands real estate has everything you need. Ft. Condominiums ID: DMCG5B. Cayman real estate for public multiple listing services. 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. The real estate market. To attract more visitors, the government has been improving its infrastructure and flight access, opening a brand-new airport terminal in Grand Cayman. In 2018, total visitor arrivals rose by 11% y-o-y to a record 2.38 million people, according to the Cayman Islands´ Department of Tourism. 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. Search for real estate in Cayman Islands and find real estate listings in Cayman Islands. Homes listings include vacation homes, apartments, penthouses, luxury retreats, lake homes, ski chalets, villas, and many more lifestyle options. They are more affordable then oceanfront properties, yet offer incredible views to home owners. The United States accounted for more than 84% of all stay-over arrivals in Cayman Islands during the period. Enter your login email address and instructions for resetting your password will be sent. In order to promote open and spam-free conversations, In Q2 2015, residential property prices in the Cayman Islands range from KYD287,000 (US$350,000) to KYD9.84 million (US$12 million), based on figures from CIREBA, the largest property portal in Cayman Islands. 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. Luxury homes in Cayman Islands have between 1 and 11 bedrooms and averages 919 ㎡ in size. Box 10271 Grand Cayman, KY1-1003 Cayman Islands rentals, condo rentals, apartment rentals, home rentals, and vacational rentals. 6 The Strand, Seven Mile Beach, Cayman Islands. Great elevation and beach pockets. After several challenging years, the Cayman Islands’ property market is growing again rapidly. As part of a global network with over 100,000 agents working in 74 countries, we know what it takes to surpass your expectations and we do it every time. The Cayman Islands Largest Real Estate Portal. Contact. The most popular property types are House (53) and Apartment (18). Commercial. Land prices continue to increase strongly in the Cayman Islands. You can expect that your comment will be published within 24 hours. Sparing no expensive, the attenti, Savannah, Block: 27C, Parcel: 711, Area: 40, Savannah, Grand Cayman, Exceptionally large lot .84 acre offering over 440" waterfrontage!!!!!! 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. Already Subscribed? The listing details herein are also courtesy of CIREBA (Cayman Islands Real Estate Brokers Association) MLS and/or via LDX (Listing Data Exchange) feed. 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. The rental market is tight, especially near Seven Mile Beach in Grand Cayman, the islands´ most expensive area according to Capital Realty. Cayman Island's house prices, rents, and letting income - real data! Currently, monthly rents range from KYD2,000 (US$2,400) to KYD9,000 (US$10,800). Listing price of these homes is between 595,000 USD and 39,950,000 USD with the average price being 2,645,400 USD. ERA Cayman Islands #4 Galleria Plaza, 628 West Bay Road P.O. For instance in 2011, Dart Group made significant acquisitions representing about 28% of the total value of all property transfers. The introduction of medical tourism has attracted tourists in the past several years. 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. However, Caymanians are offered longer periods of between 30 to 40 years. Cayman Real Estate For Sale Updated and Current Real Estate MLS Listings for Sale. 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! List. 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). 1 1 $265,000. The total value of building permits for apartments in Grand Cayman dropped 4.3% y-o-y to KYD59.8 million (US$71.81 million) over the same period. “We are into unchartered territory in the property market,” said Simon Watson of Charterland. Seven Mile Beach is our most popular condo market in Cayman. Cayman Islands Real Estate. A quick summary of global real estate trends. eval(ez_write_tag([[580,400],'globalpropertyguide_com-large-leaderboard-2','ezslot_12',166,'0','0'])); The rental market is tight, especially near Seven Mile Beach in Grand Cayman, the islands´ most expensive area according to Capital Realty. Get GPG fortnightly newsletters delivered to your inbox. Tourist visits from the United States and Canada continue to increase. Growth is centered along Seven Mile Beach for condominiums, and Cayman Kai, on the island’s north, for single-family homes. Prices range from US$600,000 to US$1.6 million. The value of permits for houses in Grand Cayman fell by 13.3% y-o-y to KYD93.5 million (US$112.27 million) in 2018 from a year earlier. Browse the Cayman Islands real estate property listings. Business. Browse our vast selection of properties for sale in the Cayman Islands and buy the one that matches your needs at the best price. Prices surged 33% in 2018. Grand Cayman: (345) 945-4411 | Cayman Brac: (345) 325-3601 | Little Cayman: (345) 948-1083 | info@cirealty.ky Learn what returns you are likely to earn, and where are the best opportunities. In other areas, prices are lower, ranging from KYD100,000 (US$122,000) to KYD2 million (US$2.44 million) over the same period. 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)! Homes For Sale in Cayman Islands | CENTURY 21 Global. 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. There are no restrictions on foreign ownership of property in the islands. Listing price of these homes is between 595,000 USD and 39,950,000 USD with the average price being 2,626,513 USD. Follow the latest developments in the international property markets through the Global Property Guide newsletter. ... Price from. 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. Articles, news, and info about Cayman’s ever-changing property market. The total value of permits for houses was down by 13.3% and by 4.3% for apartments and condominium units. Located \nin the West End of Little Cayman where all the resorts, stores, \nrestaurant, Little Cayman West, Block: 78A, Parcel: 68, Area: 95, Little Cayman West, Little Cayman, This\nparcel is at the end of the runway, heading West with great road access, is\nvery convenient to everything, as well as being on the south side of the isla, Little Cayman West, Block: 80A, Parcel: 1J, Area: 95, Little Cayman West, Little Cayman, Little Cayman West, Block: 78A, Parcel: 7, Area: 95, Little Cayman West, Little Cayman, 156 Feet of Beautiful, Sandy Beach.� Located Near To Pirate's Point Resort Close to All the Amenities Little Cayman has to Offer Yet Feels Like You're On A Dese, Little Cayman West, Block: 80A, Parcel: 1L, Area: 95, Little Cayman West, Little Cayman, Rare North Facing .31acre 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: 80A, Parcel: 1K, Area: 95, Little Cayman West, Little Cayman, Rare North Facing .35acre 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: 80A, Parcel: 1G, Area: 95, Little Cayman West, Little Cayman, W Bay Bch North, Block: 17A, Parcel: 65, Area: 20, W Bay Bch North, Grand Cayman, This absolutely stunning Crystal Harbour Home was completely renovated at the end of 2018 by Michelle Butler at Design Studio. In Grand Cayman, residential building permits fell by 10% in 2018 from a year earlier, according to Cayman Islands Planning Department.eval(ez_write_tag([[300,250],'globalpropertyguide_com-medrectangle-4','ezslot_1',123,'0','0'])); Likewise, the value of approved developments in Cayman Islands declined by 5.8% y-o-y to KYD 752.3 million (US$ 903.4 million) in 2018. propertycayman. In recent years the mortgage market has shrunk to just 39.9% of GDP in 2018, from almost 60% of GDP in 2012, despite the continuous growth in the total value of outstanding property loans to households. 4.00 acres $175,000. Fresh deals, property inspo, market know-how and behind-the-scenes real estate action! Sale West Bay. Menu (345) 623-4411; HOME; ABOUT RICK ... Cayman Islands Real Estate Listings. RE/MAX Cayman Islands Seven Mile Shops, West Bay Road Grand Cayman, Cayman Islands P.O. As the most recognised brand in real estate globally for the past two decades, CENTURY 21 Cayman Islands defies mediocrity to consistently deliver extraordinary experiences. We will assist you throughout the process. Another example is that of Safe Haven, though the canal-front properties there are leasehold. List your company on Global Property Guide. Only 19 listings are available in Little Cayman. 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). Browse Our Cayman Islands Real Estate Listings. ft. single family dwelling located on a 1.4 acre beachfront site on South Sound: sold for KYD4.96 million (US$5.91 million). The Cayman Islands dollar (CI$) is pegged to the US dollar at CI$1 = US$1.20. Canal-front homes are now under construction along the Seven Mile Beach corridor stretching up to West Bay, primarily on land south of the Ritz-Carlton, Grand Cayman, and land to the north of the Yacht Club and land at Camana Bay. How much rent can be earned from Cayman Island's property, compared to the rest of Caribbean? Real estate in the Cayman Islands where you can buy condos, waterfront property, seafront condos, development land parcels. Upscale residential areas outside Seven Mile Beach include the South Sound, a posh area close to schools, and George Town. propertycayman. In Grand Cayman, residential building permits fell by 10% in 2018 from a year earlier. Apartment complexes on Seven Mile Beach offering long-term rentals include George Town Villas, The Grandview, Sunset Cove, Seagull Condominiums, Laguna del Mar, Lacovia, The Sovereign and The Pinnacle. All Rights Reserved. Property Type. Sale Seven Mile Beach. More exposure and leads for agents and brokers. From 2008 to 2010, the spillover effects of the global financial meltdown caused real GDP to fall by 7% in 2009 and another 2.7% in 2010. Property prices can reach as high as KYD1,500 (US$1,800) per square foot (sq. It is scheduled for completion in 2021. 4 4.5 $3,500,000. Cayman Islands Real Estate - Homes for Sale: from $31,700 in Cayman Islands | Point2. The Narayana Cayman University Medical Center, a 500-acre, 2,000-bed medical school and hospital complex opened its first phase, a 200-bed hospital, in August 2012, attracting medical tourists from America, from South and Latin America and the Caribbean. 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. 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. 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. 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. Prices continue to rise in nearly all market sectors, from condos on Seven Mile Beach to interior land parcels to single-family homes. Over the same period, cruise arrivals fell by 5.9% to 1,332,159 tourists. How expensive are houses in Cayman Island, compared to the rest of Caribbean? “It is reaffirming to hear first-hand the positive impact our stayover strategy is having on stimulating tourism businesses’ profit margin during what we consider traditional shoulder season,” said Minister of Tourism, the Hon Moses Kirkconnell. easyCayman has real estate listings for thousands of homes for sale and rent across the Cayman Islands. In 2018, the average interest rate on loans stood at 7.72% in 2018, up from 7.58% in 2017, 7.01% in 2016, 6.96% in 2015 and 6.59% in 2014. Global Property Guide moderates commetns on all articles. Access, Little Cayman West, Block: 80A, Parcel: 1I, Area: 95, Little Cayman West, Little Cayman, Rare North Facing .41acre 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 East, Block: 92A, Parcel: 249, Area: 90, Little Cayman East, Little Cayman, Awesome 2 acre land parcel located on North Coast East Road in Little Cayman right across from the ocean and just past Point of Sand which is the best beach in, Little Cayman West, Block: 80A, Parcel: 1M, Area: 95, Little Cayman West, Little Cayman, Rare North Facing .30acre 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 East, Block: 92A, Parcel: 334, Area: 90, Little Cayman East, Little Cayman, Large (.3277 Acre) Lot Near to Famous, Exclusive Point of Sand Beach in Little Cayman.  Perched at the Top of a Long Slope Towards the Sea with Excellent Elevat, Little Cayman West, Block: 80A, Parcel: 1A, Area: 95, Little Cayman West, Little Cayman, Rare North Facing .66acre Beach Front Parcel in the Heart of Bloody Bay.  Sugar Sand Beach Into the Water Providing Swimming, Diving, Snorkeling, Boat Access an, Little Cayman West, Block: 80A, Parcel: 1F, Area: 95, Little Cayman West, Little Cayman, Rare North Facing .55acre Beach Front Parcel in the Heart of Bloody Bay.� Sugar Sand Beach Into the Water Providing Swimming, Diving, Snorkeling, Boat Access an, Little Cayman East, Block: 92A, Parcel: 47, Area: 90, Little Cayman East, Little Cayman, Sunrise Cottage is a Delightful, Immaculate 2 Bedroom / 2 Bathroom Vacation Home.  Designed in the "Keys" Style the Home's Foundation is Comprised of Large Rein, Little Cayman West, Block: 80A, Parcel: 1O, Area: 95, Little Cayman West, Little Cayman, Rare North Facing .37acre 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: 80A, Parcel: 1H, Area: 95, Little Cayman West, Little Cayman, Rare North Facing .61acre Beach Front Parcel in the Heart of Bloody Bay.� Sugar Sand Beach Into the Water Providing Swimming, Diving, Snorkeling, Boat Access an, Little Cayman West, Block: 77A, Parcel: 36, Area: 95, Little Cayman West, Little Cayman, 800 feet \nof ocean front on this 15 acre parcel near to Salt Rocks Dock. Other areas in Cayman Islands popular with families and professionals include Jennifer Drive, Andrew Drive, Palm Heights Drive, Canal Point Drive, Parkway Drive and Whitehall Estates.eval(ez_write_tag([[250,250],'globalpropertyguide_com-leader-1','ezslot_9',128,'0','0'])); Tourism accounts for around 30% of the islands’ GDP. Luxury homes in Cayman Islands have between 1 and 11 bedrooms and averages 943 ㎡ in size. Tailor your overseas property investment strategy! We have 61 luxury homes for sale in Cayman Islands. Free advice on real estate including hot locations and … The Cayman Islands is one of the most affluent countries in the Caribbean. To complete your registration, please click the verification link sent to: If you do not receive an email within 15 minutes, please check your spam folder or contact us for help. Brought to market by Dart Real Estate and NCB Group, ... Price list COMMUNITY. The most expensive housing is along Seven Mile Beach, a coral-sand beach on the western end of Grand Cayman island. Skip to main content. Manage your subscription. Buyers hire an attorney and notary, with fees ranging from 0.5 to 1 percent of the purchase price. Beachfront residences range from just under US$500,000 … During the first three quarters of 2019, stay-over visitors rose by 10.3% to 386,290 tourists from the same period last year. Connect to real estate Agents in Cayman Islands on CENTURY 21 Global. In 2018, the average foreclosure rate dropped to 1.6%, from 2.1% a year ago. Search Cayman Islands Property for Sale. Financial Overview: Property in Cayman Is. Residential construction is falling. 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. 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. 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. Likewise, approved applications fell by 15% to KYD 286.65 million (US$344.8 million) in 2018. In fact, the Caymans contribute around 67% of the GDP in the financial industry making it lucrative for home investors. ... Price Upon Request. Properties for Sale. Distant views of the sea from this inland \nparcel. Below you can find real estate from nearby areas in Cayman Islands: See all agents in Little Cayman, Cayman Islands. In 2018, the economy grew by 3.3%, up from the prior year’s 3% growth and the highest expansion since 2006, according to the Economics and Statistics Office (ESO). 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