However, Cayman⦠Tailor your overseas property investment strategy! List. Real estate in the Cayman Islands where you can buy condos, waterfront property, seafront condos, development land parcels. Cayman Islands recently topped 7,000 total accommodation units. A two and three-bedroom condominium unit on Seven Mile Beach rents for about KDY2,100 (US$2,500) to ⦠Cayman Islands 2021 Printed Calendar ... Cayman Real Estate & InsideOut Magazine ... Five of the 12 categories that make up the consumer price index recorded lower prices. Engel Volkers Cayman Islands are apart of CIREBA and the MLS system. propertycayman. Due to a rebound in Cayman real estate market fundamentals, demand for new residential supply has increased, and as a result, Cayman developers have answered the call. ft. single family dwelling located on a 1.4 acre beachfront site on South Sound: sold for KYD4.96 million (US$5.91 million). Homes listings include vacation homes, apartments, penthouses, luxury retreats, lake homes, ski chalets, villas, and many more lifestyle options. 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. easyCayman has real estate listings for thousands of homes for sale and rent across the Cayman Islands. 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 150â on water frontage. Login or Register to submit a comment! Search for Cayman Islands luxury homes with the Sothebyâs International Realty network, your premier resource for Cayman Islands homes. Contact. Box 30189, KY1-1201 +1 (345) 233-3000 In other areas, prices are lower, ranging from KYD100,000 (US$122,000) to KYD2 million (US$2.44 million) over the same period. The absence of taxes and restrictions on foreign ownership of land makes investing in the Cayman Islands very attractive. 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. However economic growth has been modest since then. Currently, monthly rents range from KYD2,000 (US$2,400) to KYD9,000 (US$10,800). 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). Great elevation and beach pockets. 4.00 acres $175,000. There are no restrictions on foreign ownership of property in the islands. Learn what returns you are likely to earn, and where are the best opportunities. Over the same period, cruise arrivals fell by 5.9% to 1,332,159 tourists. During the first three quarters of 2019, stay-over visitors rose by 10.3% to 386,290 tourists from the same period last year. 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)! The total value of permits for houses was down by 13.3% and by 4.3% for apartments and condominium units. "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. 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. 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. 1 1 $265,000. After several challenging years, the Cayman Islands’ property market is growing again rapidly. The most popular property types are House (53) and Apartment (18). The economy finally recovered in 2011, with a real GDP growth rate of 1.2%. Distant views of the sea from this inland \nparcel. Skip to main content. 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. Seven Mile Beach is our most popular condo market in Cayman. That´s because the Cayman Islands’ rental market is expanding as the population rises, and more companies have offices in the island´s special economic zone, Cayman Enterprise City. You can expect that your comment will be published within 24 hours. Upscale residential areas outside Seven Mile Beach include the South Sound, a posh area close to schools, and George Town. Growth is centered along Seven Mile Beach for condominiums, and Cayman Kai, on the island’s north, for single-family homes. ... Price Upon Request. If youâre wanting to invest in residential real estate or commercial real estate, Cayman Islands real estate has everything you need. Get details of properties and view photos. 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. Manage your subscription. Did you know: Our Real Estate channel is the most watched in Cayman. We will assist you throughout the process. 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. A two and three-bedroom condominium unit on Seven Mile Beach rents for about KDY2,100 (US$2,500) to KDY4,600 (US$5,500) per month. “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. 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. Compare countries on 4 financial dimensions, Contributing is easy and it works for you. In addition, several new hotels are being built, ranging from Mandarin Oriental’s second Caribbean hotel to a new Grand Hyatt-branded residential resort and a Hilton project. Likewise, approved applications fell by 15% to KYD 286.65 million (US$344.8 million) in 2018. 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. Browse Our Cayman Islands Real Estate Listings. Get GPG fortnightly newsletters delivered to your inbox. 6 The Strand, Seven Mile Beach, Cayman Islands. Choose the appropriate Cayman property and contact your CIREBA realtor for more details. 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. ... Price from. Sparing no expensive, the attenti, Savannah, Block: 27C, Parcel: 711, Area: 40, Savannah, Grand Cayman, Exceptionally large lot .84 acre offering over 440" waterfrontage!!!!!! To attract more visitors, the government has been improving its infrastructure and flight access, opening a brand-new airport terminal in Grand Cayman. We have 61 luxury homes for sale in Cayman Islands. Property Type. If you deal with more than one CIREBA agent during the purchase, the sales price ⦠Tourist visits from the United States and Canada continue to increase. Luxury homes in Cayman Islands have between 1 and 11 bedrooms and averages 919 ã¡ in size. The minimum loan amount is US$100,000. Properties for Sale. Cayman Islands Real Estate. “The market has recovered from the downturn of 2010 and is now way beyond the previous peak.”. 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! 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. Box 10271 Grand Cayman, KY1-1003 2 Bedrooms 2 Full Baths 1,200 Sq. The value of permits for houses in Grand Cayman fell by 13.3% y-o-y to KYD93.5 million (US$112.27 million) in 2018 from a year earlier. In Grand Cayman, residential building permits fell by 10% in 2018 from a year earlier, according to Cayman Islands Planning Department.eval(ez_write_tag([[300,250],'globalpropertyguide_com-medrectangle-4','ezslot_1',123,'0','0'])); Likewise, the value of approved developments in Cayman Islands declined by 5.8% y-o-y to KYD 752.3 million (US$ 903.4 million) in 2018. “We are into unchartered territory in the property market,” said Simon Watson of Charterland. 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). Cayman Islands real estate is considered to be one of the safest investments available, and IRG will provide the advice needed to ensure that your Cayman property investment or relocation is as safe and successful as possible. Listing price of these homes is between 595,000 USD and 39,950,000 USD with the average price being 2,626,513 USD. Our site is the ultimate place to discover property for sale in the Cayman Islands for buyers drawn to this âcarefree corner of the Caribbeanâ. Unique site facing Southeast for perfect morning and eveni, Prospect, Block: 23C, Parcel: 60, Area: 40, Prospect, Grand Cayman, This amazing location is secluded as it sits on\na secondary road in the very quiet, smaller community of Prospect Point. 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. Already Subscribed? 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. 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