Buying Guide for Caribbean Real Estate: Cayman Island Homes for Sale
Why buy real estate in the Cayman Islands? For many investors, there is one bright answer: economic incentive and stability. With no income tax, capital gains tax, or inheritance tax, buying real estate in the Cayman Islands gives you the best investment for your dollar.
For others, purchasing real estate in the Cayman Islands is an opportunity to own a piece of property in paradise, with the benefits of a world-class tropical destination right outside your front door and all of the amenities of one of the world’s most desired locations. With white sand beaches, crystal clear blue waters, well-funded schools, and abundant land and other property offerings, the Cayman Islands make the perfect spot to call home. Let us show you a variety of Cayman homes to buy.
For those wishing to make a vacation property purchase, the Caymans offer a unique opportunity: income from your rental properties is one way to earn extra income. Ownership in one of the luxurious Seven Mile Beach condos or front canal villas or beachfront bungalows allows owners to not only enjoy the use of these properties for personal enjoyment but also allows them to make additional income. With a constant stream of visitors, each month to the Cayman Islands, rentals on Seven Mile Beach and other areas around the island are in high demand. From honeymooners to families to retirees, numerous people make the Cayman Islands their destination of choice. Visit Guide to Buying a Home in Cayman for a step by step list of purchasing a home in the Cayman Islands.
MLS Listings Make Cayman Real Estate Simple to Navigate
Similar to the U.S. real estate market, the Cayman Islands real estate market uses the MLS system. This Multi-List System is a comprehensive database that lists all of the available properties currently listed for sale, as well as relevant details about each property. These investments include luxury Seven Mile Beach condominiums for sale, land parcels, Cayman luxury homes, and any other listing that is on the market. This easy to use system allows buyers to work with one agent to select the right listing.
CIREBA stands for the Cayman Islands Real Estate Brokers Association, is the governing organisation that ensures only licensed Real Estate companies to have access to the MLS system. CIREBA is celebrating their 30-year anniversary in 2017, and this association has brought order and regulations to the Cayman Islands real estate market. Today, CIREBA is proud to have a members approximately 90% of all realtors in the Cayman Islands.
To join CIREBA, agents and brokers must complete a professional training course that includes business ethics, due diligence requirements and fundamental contract law. All CIREBA members and they must follow the code of ethics established by the Association. CIREBA also is very strict when it comes to AML training procedures. As CIREBA members, you can rest assured that our agents and brokers not only have access to all of the most current listings in the Cayman Islands but are skilled in the best practices of Cayman Islands real estate.
Heidi Kiss, Broker, License Partner and Advisor