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Blog about Cayman Islands Real Estate- Coldwell Banker Cayman Islands Realty

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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 real estate industry thrives here. 

 

1/ Location 

Location is often cited as the main determining factor of the value of a specific property. The same concept applies generally when considering the Cayman Islands. 

 

Located in the middle of the tranquil, blue Caribbean Sea, the Cayman Islands boast a temperate climate that seldom sees temperatures above 90F or below 70F. 

 

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 of our visitors. 

 

2/ Advantageous Tax Regulations 

The Cayman Islands impose very few forms of taxation upon its people. This holds true for its foreign investors as well.

 

With regard to real estate 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 real estate investment such as rent or dividends. 

 

Unlike many countries, the Cayman Islands have no restrictions on the foreign ownership of real estate for personal use. 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 the1970'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, and ownership belongs to the registered owner of the property, and the Government guarantees that right of ownership. There is no need for extensive title searches or title insurance. 

 

The Land Registry in 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. 

 

4/ Political Stability 

Many British Overseas Territories in the Caribbean rushed into independence in the years following World War II, 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 

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. 

 

To view the original article click here

 

Blog
USD to KYD Exchange Value: 0.82
USD To GBP: 0.76214
USD To CAD: 1.27998
USD To CNH: 6.3209

As part of The Central Caribbean Marine Institute's (CCMI) effort to raise public awareness about the importance of the marine environment, marine biologist and author, Dr David Gruber delivered a reef report in Cayman. 

At the first of three such presentations for 2008, held 3 July at the Cracked Conch, Dr Gruber spoke about bio-fluorescense in the marine environment. 

The Department of Environment's John Bothwell began the evening by thanking the CCMI for educating the public on the importance of the marine environment, and then welcomed Dr Gruber. 

With the goal of proposing new conservation measures for deep and shallow reefs, Dr Gruber recently returned from an in-depth research project called ROV Deep Reef Exploration, which investigated the relations between the shallow and deeper reef ecologies using an ROV (remote operated vehicle), called the 'Little Tyche'. 

Conducted in the beautiful azure waters, located just feet away from the Central Caribbean Marine Institute (CCMI) on Little Cayman, Dr Gruber worked closely with Dr Carrie Manfrino, CCMI Director, to examine the health and ecology of the deeper waters of Bloody Bay Wall. 

"I came here with the intention of taking a good look and characterizing the Bloody Bay Reef so I could raise more awareness about this amazing natural resource in Cayman," he expressed. "It is absolutely beautiful, and from what I saw, trust me; I will do my best to raise awareness." 

His address to the small gathering at The Cracked Conch was also based on his recent book 'Aglow in the Dark' (Harvard University Press), co-authored with Dr Vincent Pieribone of Yale University School of Medicine, that archives how surprising discoveries from corals and bioluminescent jellyfish have transformed modern biomedical science, and led to breakthroughs from neuroscience to cancer research; breakthroughs which might someday aid in connecting mind and machine. 

The young doctor is currently a Visiting Assistant Professor at Brown University and Assistant Professor of Biology and Environmental Studies at City University of New York Baruch College. 

"I got a chance to examine and understand the very sparsely examined resource in the backyard of Cayman and am happy for that," he explains. 

Regarding his quick yet fulfilling fact finding visit to the Cayman Islands, he says, with a smile and uncomplicated answer: "I loved it, and I will definitely be back to do more research." 

 

To see the original article click here

 

 

Blog
USD to KYD Exchange Value: 0.82
USD To GBP: 0.76214
USD To CAD: 1.27998
USD To CNH: 6.3209
Here is some transport information that you may find useful for your visit to The Cayman Islands. 

Taxis are available at the airport and the fares from there are regulated - check with the dispatcher at the kerbside (should cost about CI$20 to most hotels/condos). Note that hotel vans are not allowed to collect visitors from the airport. There are taxi ranks outside the main hotels and at the cruise ship dock. 

There are eight minibus routes in operation each with a distinctive colour (coloured circles on the front and back with the route number) and blue license plates. The routes are: 1 (yellow) & 2 (lime green) go to West Bay with service about every 15 minutes and operates from 6am to 11pm. Route 3 (blue) goes to Bodden Town, (service every 30 minutes from 6am to 11pm). Route 4 (purple) goes to East End, 5 (red) goes to East End and North Side, 6 (dark green) goes from North Side to West Bay (service every hour from 6am to 9pm. Route 7 (dark green with white numbers) operates in the George Town area and 8 (orange) runs to Hutland in North Side. Maximum fare is about CI$2. 

All routes run to/from/via the depot in George Town situated beside the library. There are a few designated bus stops, but just stand my the side of the road and wave one of the buses down as they approach. 

Blog
USD to KYD Exchange Value: 0.82
USD To GBP: 0.76214
USD To CAD: 1.27998
USD To CNH: 6.3209
Education Director of the Mangrove Action Project Martin Keeley has been selected to receive the National Marine Educators Association's Outstanding Teacher Award for 2008. 

Mr. Keeley was recognized for his history of outstanding performance as a marine science educator in the Pacific Northwest and the Cayman Islands. 
This award honours effective and innovative marine science education in the classroom. 

Mr. Keeley will be honoured on July 23, 2008 at a ceremony during the National Marine Educators Association's annual conference in Savannah, Georgia, hosted by the Georgia Association of Marine Education. 

Mr. Keeley, who is Brac campus director for the University College of the Cayman Islands, has been teaching in Cayman since 1998. He researched, developed and produced the Marvellous Mangroves in the Cayman Islands teachers' guide in conjunction with the National Trust, the Department of Educational Services and MAP, and has been responsible for its implementation in schools throughout Cayman. 

He has also supervised the adaptation, translation and implementation of Marvellous Mangroves for the education systems in several other countries including Colombia, Honduras, Guatemala, Sri Lanka, Indonesia and, most recently, Brazil. 

"I am honoured to have been given this prestigious award," he says. "It recognises there is a continual need for students to learn, through hands-on exploration, the true importance of the natural world around them," said Mr. Keeley. 

To read the full article click here

Blog
USD to KYD Exchange Value: 0.82
USD To GBP: 0.76214
USD To CAD: 1.27998
USD To CNH: 6.3209

If you are planning to move or vacation in the Cayman Islands here are some facts. 

- Countries full name is Cayman Islands 
- Population 39.335 
- Currency Cayman Island Dollar (code KYD) 
- Time Zone is GMT/UTC-5 
- Country dialling code +345 
- Electrical plugs are 120V 60Hz 
- Weights and Measures are imperial 
- Language spoken is English. 

To arrange an appointment to view the property available don't hesitate to contact us. 

 

  1. Mangroves aided by replanting exercise
  2. The Cayman Climate.
  3. From work zone to giant work of art
  4. Third cruise quartor is here

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Lerna provided the best experience when I sold my property and also when I rented my apartment. She is highly efficient and very professional. She found a buyer in no time at all. She really cared that I found a suitable tenant and went above and beyond to ensure a smooth process in both transactions. She also followed up to make certain that the tenants were comfortable. I thank our mutual friend for recommending her. If you’re looking for an experienced, top notch realtor, I would unreservedly recommend Lerna for your real estate needs.
Winsome
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We are in the US and reached out to Florence through a google search to purchase property on Grand Cayman “site unseen” and having never visited the area. She provided excellent ideas and suggestions and within a few months we had closed on our new Grand Cayman property. You could not ask for a more diligent and attentive sales agent. We were in constant contact by e-mail and telephone and Florence was highly responsive and a true partner in our search. We highly recommend her!
Anonymous
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