Cayman Islands Developments
If you’re looking for the next big thing – a pristine island development, conveniently
positioned in the path of growth – then welcome to the spectacular allure of the
Cayman Islands – The British West Indies.
| Mayfair - Cayman Brac | The Regency - Cayman Brac | Mayfair is located on the South coast of Cayman Brac. It represents one of the most desirable and sought after locations on Cayman Brac with over 26,000 square foot (approx 2,416 square meters) of beach front land. Mayfair provides the ideal location for a prestigious home.
Mayfair comes with a 0% interest free payment plan over 5 years, roads and electrics, full planning permission ready to build, tax free, All year round summer. The prices start from £248,292 – US$402,233.04! SOLD OUT. | The Regency, is located with direct access to the Caribbean Sea. When people dream of living on a paradise island they often dream of looking out their window across crystal blue waters teaming with marine wildlife. Purchasing the Regency turns such dreams into reality.A single lot 25,700 square foot (approx 2,388 square meters) with full planning permission, roads, electrics and a 0% interest free payment plan. Direct to the ocean and completely tax free ! The price is £139,000 – US$225,180. | |
| | Pearlescent, Mystique, Sapphire - Cayman Brac | Selworthy Grove - Cayman Brac | Pearlescent, Mystique and Sapphire are located on the North side of the islands situated on the front line of the Ocean. This limited location already boasts many high end and unique property developments.
Pearlescent, Mystique and Sapphire is a 3 plot prime located freehold building development on the North side of Cayman Brac. Beach front land ready for building your dream villa. They all come with roads, electricity and a 0% payment plan over 5 years and tax free.
Pearlescent is 24,394 square foot £149,750 – US$242,595
Mystique is 25,265 square foot £149,750 – US$242,595
Sapphire is 25,700 square foot £149,750 – US$242,595 | Selworthy Grove, Cayman Brac is a gated community situated on the south side of the island. The development runs at an elevation providing panoramic ocean views for many of the lots.
With Cayman Brac only being 12 miles long by 1.5 miles at the widest point, buying a freehold building plot of land with planning permission would be seen as a very secure option by many purchasers.
Lots of land starts at £34,464 – US$55,831.68 (approx 994 square meters) for a minimum of 10,700 square foot. With a 0% interest free payment plan over 5 years payments are as little as £1,292.25 US$2,093.08 every 3 months tax free ! | | | St James Place - Little Cayman
| Royal Residence - Grand Cayman.
| St James Place, Little Cayman is located on the Eastern coast of Little Cayman and is positioned very close to the idyllic Point of Sands (Sandy Point) which is an uncrowded Caribbean paradise of beach. It is the perfect location for swimming, snorkeling and picnicking. St James Place is a small luxury 16 lot development with roads and electrics and planning permission. St James Place also comes with a 0% interest free payment plan over 5 years.
Lots price and size still available: (1.62 Exchange rate)
1 – 17, 229 square foot - £66,848 – US$108,293.76
8 – 17,090 square foot - £ 66,309 – US$107,420.58
10 – 16,717 square foot - £64,862 – US$105,076.44
11 – 17,370 square foot - £67,396 – US$109,181.52
13 – 13,114 square foot - £50,882 – US$82,428.84
15 – 15,539 square foot - £60,291 – US$97,671.42
16 – 21,891 square foot - £84,937 – US$137,597.94
| Royal Residence, is located on the North-side of the island in an area known as Millionaires' Row and just a short walk from the famous Rum Point Beach.
Spectacularly situated amidst the trees and distinguished by stunning vistas of the Caribbean Sea, Royal Residence is a 25 lot development completed with roads and electrics. All lots are 12,500 square foot (1,161 square meters) and come with full planning permission and a 5 year 0% interest free payment plan provided directly from the developer.
Grand Cayman is completely tax free and the 5th largest financial center with all year round summer and the world’s best diving locations. Grand Cayman has been voted the 2011 No. 1 Caribbean islands by the world famous Trip Advisor which has over 45 million trusted travelers reviews.
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|  | Located in the Western Caribbean Sea about 400 miles South of Miami and 180 miles South of Cuba, the Cayman Islands are a British crown colony with a stable democratic government and British Governor.
With no restriction on foreign ownership of Cayman Islands land, the highest standard of living in the Caribbean, freedom from taxation, virtually no crime, unemployment, poverty or homelessness and direct flights from all over the world – the Cayman Islands are widely acknowledged as one of the world’s top 10 luxury destinations and one of earth’s premier dive sites making Cayman Islands land a resource high in demand.
The Cayman Islands are comprised of Grand Cayman and – approximately eighty nine miles off the North Eastern end of Grand Cayman are the islands dubbed the “Sister Islands” of Cayman Brac and Little Cayman. Grand Cayman is the largest island at 76 square miles and Cayman Brac and Little Cayman have areas of 14 square miles and 10 square miles respectively.
10 REASONS TO BUY LAND IN THE CAYMAN ISLANDS
MANY factors combine to make real estate purchase in the Cayman Islands a safe and predictable investment. In no particular order, here are ten of the main reasons the Cayman real estate industry thrives.
1. Location of Cayman Islands
Location is often cited as the main determining factor of the value of a specific property. The same concept applies generally when considering Cayman real estate.Located in the middle of the tranquil, blue Caribbean Sea, the Cayman Islands boast a climate that seldom sees temperatures above 90°F or below 70°F. Cayman’s remoteness in the Caribbean and its lack of mountain river run-off, help maintain ultra-clear waters near shore, making for some of the best scuba diving in the world.Adding tropical plant life, beautiful white sand beaches and a short flying distance from the United States to the formula, and it’s easy to see why the Cayman Islands are seen as a paradise to many visitors.
2. Advantageous Tax Regulations in The Cayman Islands
The Cayman Islands impose very few forms of taxation upon its people. This holds true for its foreign investors as well.With regard to Cayman property ownership, the Cayman Islands assess no regular property taxes or capital gains taxes.There is also no tax due to the Cayman Islands government for other income derived from Cayman real estate investment such as rent or dividends.
3. Investor-Friendly Property ownership laws in the Cayman Islands
Unlike many countries, the Cayman Islands have no restrictions on the foreign ownership of Cayman real estate for personal use. Cayman land can be owned by any adult individual (either alone or with others jointly or as proprietors in common), or in the name of a company. Additionally, the islands-wide cadastral survey and implementation of the Registered Land Law in the 1970’s took away the risk of previous ownership claims on property. Every piece of property in the Cayman Islands is registered under a unique block and parcel number – ownership belongs to the registered owner of the Cayman land and the Government guarantees that right of ownership. There is no need for extensive title searches or title insurance. The Land Registry is a matter of public record, and for a nominal fee, anyone can inspect or get a photocopy of a particular Land Register which will show not only the registered owner, but any liens, covenants or other restrictions on the property. There are also no time deadlines for foreign investors to build on raw land; it can be held undeveloped indefinitely which makes owning a piece of Cayman land such an attractive proposition.
4. Political Stability in The Cayman Islands
Many British Overseas Territories in the Caribbean rushed into independence in the years following The Second World War, often with harmful results. Not the Cayman Islands, where they have happily remained under the gentle rule and protection of the UK.Caymanians by-and-large govern themselves, but within a tried and true framework developed by the British. Moreover, the Caymanian Government is keenly aware of the country’s position as a financial and investment centre, and the requisite of remaining stable in investors’ eyes.
5. Social and Economic Stability in The Cayman Islands
Very few places in the world can combine people from 100 different countries, with a make-up of every possible race and income bracket, and experience the kind of social harmony found here in the Cayman Islands. Buoyed by one of the world’s highest per capita incomes and a natural tolerance for racial difference, the people of Cayman have not only learned to live together, but to respect each other as well.Crime rates are very low compared to many other Caribbean countries and even to similarly sized cities in the United States.
6. Sophisticated and reliable infrastructure in The Cayman Islands
Gone are the days of dusty dirt roads, spotty electrical service, cistern water and frozen milk. One of the biggest improvements over the past 25 years to these islands – Grand Cayman in particular – has been to its infrastructure. All public roads are now paved and desalinated water is piped directly into Cayman Islands property almost island-wide. Communications systems are now state-of-the-art, offering clear telephone connections with no waiting, internet service and even cable television. The improvement of the port facilities has helped bigger and better ships bring a large variety of durable and perishable goods here for use and consumption by residents. A new airport terminal was built in 1984 to comfortably accommodate more passengers, and has undergone upgrades since then. More improvements are under consideration now that the number of flights arriving here has increased. The rebuilding of the government hospital and the opening of a private hospital have helped vastly improve the quality of medical treatment here in the Cayman Islands. In cases of severe trauma, air ambulance jet service can have patients in an appropriate hospital in Miami in less than an hour. The public school system has improved as well, to go with a burgeoning private school system made up of both religious and secular institutions.
7. Attitude toward Foreign Investors in The Cayman Islands
The “foreign investor” is thought of with negative connotations in many places of the world, but is welcomed here in Cayman. The development and prosperity of these islands has gone hand-in-hand with foreign investment and foreign tourism, a fact that is not lost on the population. Profitable commerce is the objective for everyone, and Caymanians realize foreigners must make profits on investments in line with their risks in order to justify the venture.
8. Competent and Ethical Professional Services in The Cayman Islands
Cayman abounds with professionals from all over the globe. The attorneys, accountants, architects, surveyors, builders and realtors you deal with here rival those you can find anywhere. Realtors, although not licenced by the government, are sanctioned and trained through their own association, the Cayman Islands Real Estate Brokers Association (C.l.R.E.B.A.) which requires a high level of competency and ethics.
9. Clean and Safe Environment in The Cayman Islands
With no heavy industry and fresh air brought by steady trade wind breezes, Cayman boasts some of the cleanest air you will ever breathe. Strict regulations on sewage disposal help keep the ocean water crystal clear and unpolluted.Cayman has no problems with venomous or dangerous creatures, and in fact is one of the few places in the world that is rabies-free. Now that the mosquito problem is held largely in check, the tropical diseases that plague other Caribbean/Latin American destinations are virtually non-existent. The injections and pills for these diseases are not required by visitors to the Cayman Islands.
10. Modern Building Materials & Methods in The Cayman Islands
With the United States very close by, Cayman has access to the most modern building materials. Much of the building that occurs in Cayman is of a very high quality. Cayman has based its building code on the Southern Building Code, and as a result of that and the long tradition of building with reinforced concrete blocks, it has some of the strongest dwellings in the region. “Raw Land continues to sell fairly well and there is some evidence that trend is going to accelerate. Buying and holding raw land in a place with no property taxes at a time when inflationary pressures on the US Dollar are increasing daily seems to be a very prudent play. Cayman Brac has everything from beachfront condos to ocean front luxury homes, multi-family properties and of course great deals of bluff land. It will likely have a protected anchorage soon as well. With the Stamp Duty waiver and extra savings on duty free building supplies – now is the time to invest in Cayman Brac” |
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