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Cayman Islands Real Estate for Sale, a Guide for Foreign Buyers

As a luxury real estate company specialising in high-end properties, Cayman Islands Sotheby’s International Realty understands the appeal of owning a piece of paradise in one of the world’s most beautiful and stable countries. The Cayman Islands offer a unique opportunity for foreign buyers to invest in exclusive beachfront properties, with options ranging from stunning oceanfront condos on Seven Mile Beach to secluded retreats in East End. But before you take the plunge, it’s essential to understand the legal framework, property ownership laws, and financing options available to foreigners in the Cayman Islands real estate market.

Understanding Property Ownership Laws in the Cayman Islands

One of the most attractive features of investing in Cayman Islands real estate for sale is that there are no restrictions on foreign property ownership. Foreign buyers can purchase property in the Cayman Islands without any limitations on the size or value of the property. Furthermore, the land can be held indefinitely without developing it.

In the Cayman Islands, property ownership falls into two categories:


Freehold ownership is the most common type of ownership, giving the owner the right to use and occupy the property indefinitely.


Leasehold is where the owner holds the right to occupy the property for a fixed period. It’s essential to thoroughly understand the type of ownership before investing in Cayman Islands real estate.

Windsor Village, Grand Cayman

Windsor Village, Grand Cayman

Strata Corporation

When purchasing a condominium or other residential or commercial property as part of a strata plan, buyers become part of the Strata Corporation and have voting rights. An executive committee manages all complexes in the Cayman Islands that are part of a Strata, covering insurance, maintenance, by-laws, rates, and reserve funds. Buyers should carefully review Strata statements before purchasing, as fees and coverage vary.

How Foreign Buyers Can Fund their Cayman Real Estate Investment

Foreign buyers looking to invest in Cayman Islands real estate for sale have several financing options. While international banks are one option, local banks in the Cayman Islands also provide financing options for foreign buyers. However, local banks may require a higher deposit. Additionally, working with a reputable lender to ensure you thoroughly understand the financing options available. Additionally, buyers should be prepared to provide all necessary documentation and meet all requirements, such as proof of income and creditworthiness, to secure financing.

Taxes and Fees: What to Expect as a Foreign Property Owner in the Cayman Islands

One of the significant advantages of owning property in the Cayman Islands as a foreign buyer is that there are no annual property taxes. However, foreign property owners are required to pay stamp duty and transfer fees while purchasing the property. The stamp duty rate is 7.5% of the purchase price, while transfer fees range from 0.1% to 0.5%. Working with a local real estate agent and a property lawyer can help foreign buyers understand the taxes and fees associated with owning property in the Cayman Islands.

Working with a Cayman Islands real estate agent: Finding the Right Partner for Your Investment

Investing in Cayman Islands real estate for sale can be complex, especially for foreign buyers. Therefore, working with a local real estate agent with experience in the Cayman Islands real estate market is essential. An experienced real estate agent can guide and advise throughout the purchase process, from property selection to closing. They can also help foreign buyers navigate the legal landscape of owning property in the Cayman Islands and connect them with reputable Cayman property lawyers when needed.

Seven Mile Beach, Cayman Islands

Live on award-winning Seven Mile Beach, Cayman Islands

Making Your Dream of Owning Cayman Islands Real Estate a Reality

Investing in Cayman Islands real estate for sale is an attractive opportunity for foreign buyers seeking luxury property in the Caribbean. At Cayman Islands Sotheby’s International Realty, we are committed to helping foreign investors find the perfect property to suit their investment needs. By understanding the property ownership laws, financing options, taxes and fees, and legal considerations for foreign buyers, investors can make their dream of owning Cayman Islands real estate a reality. Contact us today.