Box 30189, KY1-1201 +1 (345) 233-3000 However, Caymanians are offered longer periods of between 30 to 40 years. 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. Sale West Bay. Learn what returns you are likely to earn, and where are the best opportunities. Manage your subscription. Currently, monthly rents range from KYD2,000 (US$2,400) to KYD9,000 (US$10,800). All the information contained herein is subject to errors, omissions, price changes, prior sale or withdrawal, without notice and is at all times subject to verification by the purchaser(s). You can expect that your comment will be published within 24 hours. Other areas in Cayman Islands popular with families and professionals include Jennifer Drive, Andrew Drive, Palm Heights Drive, Canal Point Drive, Parkway Drive and Whitehall Estates.eval(ez_write_tag([[250,250],'globalpropertyguide_com-leader-1','ezslot_9',128,'0','0'])); Tourism accounts for around 30% of the islands’ GDP. The monthly rent of two-bedroom apartments across the road starts at KYD1,500 (USD1,800) while those on the sea are rented from KYD2,000 (USD2,400) to KYD4,600 (USD5,530). easyCayman has real estate listings for thousands of homes for sale and rent across the Cayman Islands. For instance in 2011, Dart Group made significant acquisitions representing about 28% of the total value of all property transfers. The Cayman Islands Largest Real Estate Portal with CaymanPropertyMLS.com you can search the widest selection of properties for sale in the Cayman Islands through our network of member companies. 6 new developments in the Cayman Islands Show new developments only CI$ 884,780 - CI$ 884,780 Indigo bay A centrally located pre-construction development, perfectly suited for families Properties for Sale. It is scheduled for completion in 2021. Beachfront residences range from just under US$500,000 … Cayman Islands Real Estate - Homes for Sale: from $31,700 in Cayman Islands | Point2. 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. Approved residential applications fell 15% to KYD 286.65 million (US$344.8 million). Articles, news, and info about Cayman’s ever-changing property market. Property prices can reach as high as KYD1,500 (US$1,800) per square foot (sq. Seven Mile Beach is our most popular condo market in Cayman. easyCayman listings represents members of the local private MLS system ( CIREBA ), non CIREBA realtors and individuals who wants to sell/rent their properties independently. Search for real estate in Cayman Islands and find real estate listings in Cayman Islands. Cayman Island's house prices, rents, and letting income - real data! O: 623-9999 Member of CIREBA Contact Us Today 1 1 $265,000. 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. There is also a growing interest from Europeans and South Americans. 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. Search for Cayman Islands luxury homes with the Sotheby’s International Realty network, your premier resource for Cayman Islands homes. 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. Login or Register to submit a comment! Choose which of CIREBA's dedicated property professionals can help you best. 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. “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. If you deal with more than one CIREBA agent during the purchase, the sales price … @ 2004-2021 Global Property Guide. Skip to main content. Follow the latest developments in the international property markets through the Global Property Guide newsletter. 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. In fact, the Caymans contribute around 67% of the GDP in the financial industry making it lucrative for home investors. Get monthly informed analysis on world property markets and exclusive, early access to investment opportunities delivered right to your inbox. Residential construction is falling. ... Price Upon Request. Already Subscribed? Get GPG fortnightly newsletters delivered to your inbox. The total value of permits for houses was down by 13.3% and by 4.3% for apartments and condominium units. We have Cayman property listings to suit your needs including Luxury Homes, Family Homes, Seven Mile Beach Condos and Land For Development. Below you can find real estate from nearby areas in Cayman Islands: See all agents in Little Cayman, Cayman Islands. Property Type. We have 61 luxury homes for sale in Cayman Islands. 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. To attract more visitors, the government has been improving its infrastructure and flight access, opening a brand-new airport terminal in Grand Cayman. Cayman Islands Real Estate. Did you know: Our Real Estate channel is the most watched in Cayman. ... Price from. How much rent can be earned from Cayman Island's property, compared to the rest of Caribbean? The most expensive housing is along Seven Mile Beach, a coral-sand beach on the western end of Grand Cayman island. 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. ERA Cayman Islands #4 Galleria Plaza, 628 West Bay Road P.O. Prices surged 33% in 2018. The country is the world´s sixth largest banking center. The highest value of project approved last year was the Olea residential development by NCB Development at KYD 37.52 million (US$ 45.13 million). 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. The Cayman Islands is one of the most affluent countries in the Caribbean. The United States accounted for more than 84% of all stay-over arrivals in Cayman Islands during the period. 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). Watch Now. 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. ft. single family dwelling located on a 1.4 acre beachfront site on South Sound: sold for KYD4.96 million (US$5.91 million). Global Property Guide moderates commetns on all articles. 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. Menu (345) 623-4411; HOME; ABOUT RICK ... Cayman Islands Real Estate Listings. Browse our vast selection of properties for sale in the Cayman Islands and buy the one that matches your needs at the best price. Real estate in the Cayman Islands where you can buy condos, waterfront property, seafront condos, development land parcels. A two and three-bedroom condominium unit on Seven Mile Beach rents for about KDY2,100 (US$2,500) to … �The site itself is situated right on. 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. 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. 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. Contact. List your company on Global Property Guide. More exposure and leads for agents and brokers. 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. 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. Connect to real estate Agents in Cayman Islands on CENTURY 21 Global. We will assist you throughout the process. 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. Explore a large selection of Cayman Islands Real Estate. 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 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 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. propertycayman. 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. 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”. 6 The Strand, Seven Mile Beach, Cayman Islands. 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. Grand Cayman: (345) 945-4411 | Cayman Brac: (345) 325-3601 | Little Cayman: (345) 948-1083 | info@cirealty.ky Fresh deals, property inspo, market know-how and behind-the-scenes real estate action! Search properties in Cayman islands like single family home, condos, apartments, vacant land, etc. However, Cayman… 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! Commercial. Likewise, approved applications fell by 15% to KYD 286.65 million (US$344.8 million) in 2018. 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. Cayman Islands rentals, condo rentals, apartment rentals, home rentals, and vacational rentals. "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. In the Old Crewe Road, monthly rent of two-bedroom apartments in the Sunrise Apartments, Pine Crest Apartments and Elizabeth Villas starts from KYD1,400 (US$1,700), though some newer, more exclusive condominiums rent from KYD2,000 (US$2,400) to KYD2,500 (US$3,000) per month. 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. 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. 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. Luxury homes in Cayman Islands have between 1 and 11 bedrooms and averages 919 ㎡ in size. Distant views of the sea from this inland \nparcel. propertycayman. The rental market is tight, especially near Seven Mile Beach in Grand Cayman, the islands´ most expensive area according to Capital Realty. Cayman Islands offer good rental yields, ranging from 5%-7% along the Seven Mile Beach to 7.5%-8.2% in other beach communities in Grand Cayman, based on Global Property Guide research. 43% fewer single-family homes were sold in 2020 vs 2019 with the average price being 5% less than last year. If you’re wanting to invest in residential real estate or commercial real estate, Cayman Islands real estate has everything you need. However economic growth has been modest since then. Homes For Sale in Cayman Islands | CENTURY 21 Global. Listing price of these homes is between 595,000 USD and 39,950,000 USD with the average price being 2,645,400 USD. 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$962.3 million). Land prices continue to increase strongly in the Cayman Islands. Box 10271 Grand Cayman, KY1-1003 Financial Overview: Property in Cayman Is. During the past decade, the movement of the average value of property transfers has been erratic because large-scale acquisitions by property developers distorted the market. Business. In Grand Cayman, residential building permits fell by 10% in 2018 from a year earlier, according to Cayman Islands Planning Department.eval(ez_write_tag([[300,250],'globalpropertyguide_com-medrectangle-4','ezslot_1',123,'0','0'])); Likewise, the value of approved developments in Cayman Islands declined by 5.8% y-o-y to KYD 752.3 million (US$ 903.4 million) in 2018. 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. 4 4.5 $3,500,000. 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. 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)! 4.00 acres $175,000. Over the same period, cruise arrivals fell by 5.9% to 1,332,159 tourists. Islands very attractive the rest of Caribbean ( 51 ) and Apartment ( 18 ) suit. 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