Anyone may own property in the Cayman Islands; there are no restrictions on foreign ownership. These simple guidelines will help you move through the purchase process with confidence.
Buying property in the Cayman Islands is a straightforward procedure supported by robust laws and professional oversight of ethical standards by the Cayman Islands Real Estate Brokers Association (CIREBA).
As a member of CIREBA we can search the thousands of listings in the MLS (multi-listing service) database to identify properties that match your criteria.
Our staff will guide you through the process of purchasing your property. Here is a breakdown of the steps.
Trident Properties will ensure that all parties are working together closely to see that all actions are covered in a timely manner and there are no delays or disruptions to the process. We want to make the purchase process an easy and seamless transaction.
|Summary of Purchaser Costs:||Cl$|
|Government Stamp to register purchaser agreement||$100.00|
|Search & Stay||$50.00|
|Stamp Duty – 7.5% of purchase price||$|
|Registration of land title||$100.00|
|Legal fees – typically 1-2% of value of transaction||$|
|Bank fees – typically 1% of loan value||$|
Stamp duty on mortgage – 1% for mortgage up to $300,000;
1.5% for mortgage greater than $300,000
We have assisted many clients just like you to buy and sell property in the Cayman Islands. Give us a call and let us explain how easy it can be for you.