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Registration Of Title

All dealings in real estate in the Cayman Islands are based on a registered land system. All land is identified and numbered; a public records sheet relating to it is kept at the Land Registry. Land titles in this system are thus guaranteed by the government, title insurance is unnecessary and real estate transactions can be carried out quickly and efficiently.

Mortgages (Charges)

Mortgages in the Cayman Islands are called Charges and these are registered in the same manner as other real estate interests. Title becomes free and clear upon payment of all sums due under the mortgage. All types of real estate, including condominiums, may be mortgaged as security for a loan.


Non-caymanians can easily obtain loans in the Cayman Islands. A payment of 10% of the value of the property is required as a down payment. Interest rates vary so ask your real estate agent for the latest rates. It is very difficult to get a loan in another country to purchase property in the Cayman Islands since this would leave the lending bank no recourse in the event of default.

Homes and condos can be financed up to 30 years with no prepayment penalty.


Property and casualty insurance is readily available at a reasonable price.

Taxes And Duties

The Cayman Islands do not have income, sales, property, capital gains, death, estate, inheritance or corporate taxes. There is, however, a tax on tourist accommodations and a departure tax of 5% for airline passengers. Upon purchasing a property on the islands, a one-time Stamp Duty payment of 7.5% on the value of the property is assessed. The assessment is less the value of any furnishings within the property. A 1% stamp duty is also assessed against the mortgage amount. Import duties are applied to most incoming items. This duty is typically 22% of the value including transportation and shipping charges. Cayman Brac currently has a moratorium on duty assessed against all construction materials.

Duty free concession is still on in Cayman Brac where if they purchase raw land and commit to build within two years they do not pay the 7.5% Stamp Duty and all of their building supplies and materials are duty free.

Rental Income

Many people purchase homes or condominiums and offset the cost of the mortgage with the funds retained from renting. The condominium can be let on a short or long term basis. Contracting with the condominium management company to put the suite in the rental pool takes care of all the hassles associated with renting and taps into the aggressive marketing programs directed at condo rentals.

Property Type: Location: Island:

Island Realty - for real estate listings and houses for sale in the Sister Islands of Cayman Brac and Little Cayman, let our professionals at Island Realty assist you. Our Cayman Brac office can help with your real estate needs.
Island Realty - Real Estate Offices in Cayman Brac - Let our Real Estate professional Moses Kirkconnell assist you with your Residential, Commercial, and Vacant Land Real Estate Needs

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