Thursday, December 22, 2011

Build Your Dream House in Paradise

Now is your chance to build your dream house in the beautiful Caribbean!

This beautiful piece of beach front property is located on Little Cayman. It is on the north shore, just east of Jackson Point. This beauty is in a perfect vicinity to dive and snorkel the famous Bloody Bay wall. It has approximately 200 ft. of great ocean frontage with sandy beach and protected reef with boating access possible. It is reduced to sell at US $350,000.

Contact your Little Cayman Real Estate Experts for more information.

Wednesday, December 14, 2011

No Plastic Saturdays

Phase II of Cayman BECOME's plastic bag reduction campaign run by the Corporate Green Team Network has started. Beginning Dec. 10 and every second Saturday of each month, local supermarkets will be completely plastic bag-free to further encourage customers to bring their own bags. Last year's Phase I proved to be an enormous success by reducing an estimated 12 million plastic bags being disposed of annually in Grand Cayman alone. Local supermarkets replaced their non-biodegradable plastic shopping bags with biodegradable alternatives. In addition, they started charging 5 cents per bag to reduce number of plastic bags ending up in the landfill.

The Corporate Green Team Network or CGTN, started in June 2009 when Deloitte partnered with the Sustainable Development Unit of the Department of Environment to promote eco awareness, sustainability and to implement environmental projects in the Cayman Islands. Their goal is to gain the support of residents and tourists alike to protect our environment.

Do your part in keeping our islands green and bring your own bags to the grocery store.

Wednesday, December 7, 2011

Beachfront Home on Little Cayman

This lovely remodeled 3 bedroom, 3 bathroom home is just the ticket for fulfilling your dreams of owning Paradise! It boasts an open, modern kitchen, island bar, dining area and living room. The Master Bedroom and sun porch both have gorgeous ocean views. Other rooms in this 2000 sq. ft. home include a pantry, laundry and hobby room. There is a private sandy beach with a protecting reef for your own personal snorkeling area. The outdoor patio includes a built-in bar and fully retractable awning. It is fully landscaped and comes fully furnished. Asking price is $549,000US and the seller is motivated!

Contact your Sister Islands Real Estate expert for more details.

Wednesday, November 9, 2011

More Land for Cayman's Blues

The current home of the critically endangered Grand Cayman Blue Iguana, the Salina Reserve, has recently expanded by 23 acres to give the Blues more room to establish.  “The importance of this land goes beyond the direct conservation value of the 23 acres involved,” said Fred Burton, Director of the Blue Iguana Recovery Programme. “The purchase has unlocked a previously blocked fragment of habitat, which together with the new parcel now almost doubles the area of shrub land available here for the Blue Iguanas to recolonize.”

A merger of funds from landowners, the National Trust’s European Union EDF9 grant and a supplementary grant from Maples FS has made this land purchase possible. The European Union grant to the Trust is part of a project "Management of Protected Areas to Support Sustainable Economies", currently being shared with the Turks and Caicos Islands and the British Virgin Islands. 

The Blue Iguana Recovery Programme, the National Trust and the Department of Environment are jointly implementing the grant, which includes funds for land acquisition for Blue Iguana habitat, development of nature tourism and education infrastructure. Addition programs in the new Colliers Wilderness Reserve, which is developing into a key home for the Blues, is also part of the grant implementation.

Tuesday, October 18, 2011

Own a Piece of Paradise in Little Cayman

This 2 bedroom/2.5 bathroom 1858 sq. ft. condo is for sale on Little Cayman in The Conch Club with spectacular views of the sound. Unit #8 has been in the rental pool and as a result, has a large walk-in lock closet for private storage. The unit is well maintained with a new air handler installed in 2008. Each bedroom has a private en suite bath. The listing price for this beautiful unit is US $325,000.

Please contact your Sister Island real estate experts for further information.

Friday, October 7, 2011

Reduced Fees for Lionfish Culling Certification

Visiting and local scuba divers alike can now get certified and licensed to help cull the invasive red lionfish. These lionfish have now become a major menace for the Cayman Islands. Cayman dive operators can now teach the PADI Lionfish Tracker Distinctive Specialty course. Upon completion, a local lionfish culling license will be provided. Some Cayman dive operators are now offering reduced course fees to visitors and residents this fall. Currently there are boats running from various dive operators each week to use these new skills.

“Snorkelers can help too as many lionfish can be found in shallow waters just off shore and in the canals in the North Sound. This is prime breeding ground for lobsters, groupers, snappers and more, so removing lionfish from the North Sound can play a huge role in helping to cull the invasion” stated Nancy Easterbrook of Divetech. “They are tasty – a light white fish that needs a little special handling while filleting to remove the venomous spines, but well worth it. Many restaurants are now serving lionfish on a special or full time menu, so ask for lion fish when you are next out to dinner, or try it at home. Not only will this help create a market for the lionfish, but it will have the positive side effect of reducing the demand for the ‘traditional’ eating fish like conch, grouper and snapper, allowing fish stocks to grow and be sustainable.”

Contact your local diver operator for further information.

Thursday, September 22, 2011

Blood Drive on the Brac

Every year the Cayman Islands joins the international community in recognizing World Blood Donor Day which takes place on June 14th. This year Faith Hospital in Cayman Brac is conducting another donor drive from Sept 19th – Sept 23rd. Anyone interested is invited to give the blood bank a call at 948-2243 ext.124 or visit the Faith Laboratory. The entire process takes about 45 minutes.

Volunteers will be asked to fill out a simple questionnaire to determine if they are able to give blood. Certain restrictions are still in place for persons who have spent time in the United Kingdom due to the risk of transmitting Creutzfeldt-Jakob Disease, part of the family of diseases which includes Mad Cow.

“On behalf of the H.S.A. I would like to commend Faith Hospital for taking their continued efforts and I would urge as many members of the Brac community to participate and possibly save the life of someone they know and love,” said Lizzette Yearwood, C.E.O – Health Services Authority. 

Thursday, September 8, 2011

Caymanian-Style Home in Cayman Brac

This 2 bedroom/2 bathroom Caymanian style home is for sale on Cayman Brac. It has been completely refurbished and includes a fully screened wraparound porch to spend outside enjoying paradise. The home is situated on a large .70 acre lot offering plenty of privacy. Priced at $425,000 US, please contact your Cayman Brac real estate experts to view this delightful home.

Wednesday, August 31, 2011

Cayman Brac Historic House For Sale

The Spellman McLaughlin Home on Cayman Brac is up for sale. One of a few remaining homes built in the traditional manner, the Spellman McLaughlin Home once sheltered 133 people in the 1932 Hurricane and served as a medical and distribution center for scarce emergency supplies after the storm had passed. Priced at US $375,000, the home is located in the Creek district and includes the house and its adjoining lot, including a private graveyard.

In 1995, the National Trust awarded current owner Brunzil McLaughlin-Rivers, the Award of Distinction for the Preservation of Historic Places. With many such homes either being torn down to make way for modern developments or being left to decay, the house is amongst the few of its kind that has been maintained and is in good condition. 

Construction began in 1926, with Captain Spellman McLaughlin overseeing all aspects of the construction process, according to the National Trust. Largely built of imported wood from Mobile, Alabama, the home was completed in 1930 and Captain McLaughlin and his wife raised their four children there. When he passed away in 1991, he willed it to his youngest child, Brunzil McLaughlin-Rivers, who renovated the home and lived there with her husband and son until they left the island in recent months and put the home up for sale. The home covers 1,628 square feet and has eight exterior rooms built around a central dining room. It has a complete wrap-around verandah, and while modernised to accommodate television, internet and telephone service, as well as kitchen and bathroom facilities, the home has changed little since 1930.

According to the Trust’s Historic Programmes Manager Denise Bodden, they only have jurisdiction over homes which are donated to them and cannot financially afford to keep every historic home in the Cayman Islands under their care. Therefore, they encourage homeowners who live in historic homes to care for them. “I would suggest that those who have traditional Caymanian homes on Cayman Brac should try to protect them before development really hits the island,” said Bodden. She said that the Trust has recognised a number of homes on the island that should be protected under the law, particularly the Spellman McLaughlin Home, the Carter House and the Eldemire House, for their unique architectural elements, the fact that they are among the oldest structures on the island and because they survived both the devastating hurricane of 1932 and Hurricane Paloma in 2008.

Friday, August 12, 2011

Cayman Brac Gets Twelve More Homes

With in excess of $600,000 in available funds, The Sister Islands Affordable Housing Development Corporation (SIAHDC) recently made a planning application to build 8 additional homes at the West End site and 4 homes at Watering Place.
SIAHDC is a government-funded, not-for-profit entity formed in January 2006 to build affordable housing for those applicants who meet necessary qualifications. Phase 1 (4 homes) of the plan was completed just prior to Hurricane Paloma in 2008, and Phase 2 (4 additional homes) was completed in April 2010. Local contractors won the bids to construct phases 1 and 2 for $365,500 and $413,031 respectively.
The Watering Place site can accommodate 15 homes and the West End property has room for 20 to 30 homes. 
Successful applicants own their own homes and land outright.

Wednesday, August 3, 2011

Post Office Finds New Home in Heritage House

After 3 long years of having to temporarily relocate,  the Creek Post Office on Cayman Brac has officially re-opened. The new location is the re-furbished heritage home of the island's first midwife, Petrona Connolly-Bodden, located at 5 Cantlin Drive.  The original post office suffered severe damage from Hurricane Paloma in November 2008. The building also houses the Sister Islands Sports Office.

Customers can conveniently top-up mobile phones for LIME and Digicel, as well as make WestStar payments. Post office hours are:

Monday - Thursday 9am-11:30am, 1:30pm-3pm
Friday - 9am-11:30am, 1:30-3:30pm
Saturday - 9am-11:30am

The official opening was attended by Minister of District Administration and Deputy Premier Juliana O’Connor-Connolly, Acting Permanent Secretary of District Administration Tristan Hydes, Acting Deputy Permanent Secretary of District Administration Jonathon Jackson, Sister Islands District Commissioner Ernie Scott and Postmaster General Sheena Glasgow.

Friday, July 22, 2011

Brac Bash Underwater Photo Competition

September 2011 marks the 15 year anniversary of the sinking of the M.V. Capt. K.P. Tibbetts off the shores of Cayman Brac. In celebration of this event, the Sister Islands Tourism Association (SITA) has initiated an underwater photo competition. The competition is open to all non-professional photographers who are not residents of the Cayman Islands. Submission of an underwater photo of the sunken frigate runs to August 30.

The grand prize for the photo contest is free airfare on Cayman Airways, a 7-night stay at the Brac Reef Beach Resort with daily breakfast, lunch and dinner; 6 days of 2-tank diving at Reef Divers and airport ground transfers. The grand prize winner will also receive free admission to the Brac Bash Cook-off and will become an official judge for this fun event. The Brac Bash is an annual event held in honor of the sinking of the M.V. Capt. K.P. Tibbets and is spearheaded by SITA. 

The M.V. Capt. K.P. Tibbets was build in the Soviet Union in 1984 for the Cuban Navy. It was purchased and sunk by the Cayman Islands Government and christened the M.V. Capt. K.P. Tibbets after a Cayman Brac politician. The ship has become a major dive attraction on the Brac. 

There is no format specified for the photos submitted. Entries for the competition should be sent to

Tuesday, July 12, 2011

New Marine Species Discovered off Little Cayman

Dr. Rick Hochberg and his team of biologists from the University of Massachusetts have recently discovered 15 new species of tiny gastrotrich worms in the well-oxygenated sands off the shores of Little Cayman. The scientists elected to complete a portion of their research at the Little Cayman Research Center (LCRC) because of its pristine environment, while utilizing the facilities at the Central Caribbean Marine Institute (CCMI). Dr. Hochberg has found enough of these complex species to warrant further studies and will host a workshop at the LCRC, placing Little Cayman firmly on the map of serious scientific research.

Global warming threatens habitat degradation which may wipe out species before they are even discovered. The CCMI has said this type of research is vital for understanding the biodiversity of our earth. The methods Dr. Hochberg is using to determine which species are new and how they are related will assist in how speciation and evolution happens.

The Central Caribbean Marine Institute was incorporated in 1998 as a non-profit 501c3 organization.  CCMI was established as an international charitable organization. Since its first years, CCMI has proven a valuable asset to the effort of understanding changing coral reef and tropical marine environments. Its research and education programs have established a solid foundation for future reef education and awareness in the Caribbean and for students and researchers from around the world.

A key component of the organization's strategy was realized in May 2006 with the opening of the Little Cayman Research Center.  Equipped with wet and dry laboratories, a classroom, library, dormitory-style and private rooms and a sustainable off-the-grid bathhouse as well as easy access to the reefs, the Center is an important new research and education center for all of the Cayman Islands.

Wednesday, July 6, 2011

Duty Concessions Extended on Building Materials

In an effort to further stimulate economic activity the government has extended import duty concessions on building materials. The Cabinet extended concessions on imports of building materials for a further six months until 31 December 2011.

In announcing the extension, the Premier and Minister of Finance, Tourism and Development the Hon. McKeeva Bush said, “The extension of these concessions is consistent with the Government’s ongoing efforts to stimulate growth in the economy, and I encourage all developers and other stakeholders to accelerate their construction activity during this further concessionary period.”

Imports of building materials to Cayman Brac and Little Cayman will be on a 100% duty free basis for the period 1 July to 31 December 2011. Under the extended concessions, imports of building materials to Grand Cayman will be charged a flat rate of 15% for the period 1 July to 31 December 2011. The normal rate of duty is 22%.

For the purpose of these concessions, building materials have been defined as: “All physical components and substances, whether solid or liquid, used in the construction, renovation or restoration and forming a permanent part of any building or related structure.”    Items such as furniture, accessories, electronics and appliances are specifically excluded.

Tuesday, June 28, 2011

Hurricane Season Preparedness

Hurricane season is officially upon us and preparedness starts with organization and planning. Below are some tips to help get yourselves and your home ready in case a hurricane should strike this season.
Do not wait till the last minute to prepare for an emergency, you will be so glad you took the time now.

- Review your insurance policy; secure important documents
- Learn locations of official shelters; prepare for your pets, shelters will not accept pets
- Check emergency equipment such as flashlights, generators, cell phones, portable radios to ensure all are in good working order
- Purchase plywood or other materials to protect your home; inspect hurricane shutters and repair any necessary damages, supplies for installation
- Trim trees and shrubbery; clear your yard of possible flying debris which could damage your house or your neighbors
- Clear clogged rain gutters and downspouts
- Decide where to move your boat
- Service vehicles
- Ensure extra cash is on hand for emergencies
- Purchase canned foods and drinking water, enough for 5-7 days (1 gallon per person/day, don't forget water for your pets)
- Check First Aid Kits and restock as necessary 
- Secure extra prescription medication, have 2 weeks supply on hand

Here is a list of supplies to have on hand should a hurricane strike and power/water cannot be restored for several days:

       ● Oil and gas for generator 
● Portable camp stove and necessary refills
● Charcoal, lighter fluid
● Flashlights, 2 per person; battery-operated lanterns and extra batteries; candles
● Matches/lighter in watertight bag
Battery operated radio & extra batteries
Battery operated fan & extra batteries
Cell phone and charger, extra battery
● First aid kit, personal medication,  sun screen & feminine supplies; extra prescription glasses
Large plastic bins to ensure household items stay dry
● Mosquito coils and/or spray, citronella candles/lamps
● Life vests, galoshes & whistle
Rope, strong twine; duct and packing tape
● Shut off wrench, pliers, hammer, nails
● Plastic sheeting and large tarps for furniture and roof
Extra keys for home, car and boat; jumper cables
● Surgical & work gloves; sturdy protective shoes, rain gear, hat sunglasses
● Paper towels, toilet paper, napkins; saucepans for heating food and boiling water
● Disposable plates, plastic glasses, plastic forks and spoons
● Aluminum foil, plastic freezer bags, heavy duty garbage bags
● Can opener/knife
● Clorox wipes
Chlorine bleach, water purification tablets
● Hand sanitizer, and baby-wipes
● Ice chest and ice
● Broom, mop and bucket
Blankets, sleeping bags and mats
● Pet food and pet crates
● Baby supplies: food and liquid formula, diapers & wipes
● Books, magazines, games


Thursday, June 9, 2011

Future Looking Bright for Cayman Islands Development

An aggressive plan to stimulate the economy has been recently committed to by the Cayman Islands Government. This plan fast tracks some new development and improvements to the country's infrastructure. In the short term, it will provide an immediate boost to the economy, long term results will impact businesses and create more jobs. 

Within the last two years of strategic planning, a list of projects should move ahead within the next two years:

- Establishment of a Special Economic Zone to develop a Cayman Enterprise City for science and technology, comprised of six campuses over 300 acres, creating approximately 5000-10,000 jobs over 10 years. Construction could start by end of this year or early next year.

- The Narayana Cayman University Medical Center which will start with a 140 bed hospital and medical university could eventually create thousands of jobs through medical tourism, is planned to be under construction by year end.

- 68,000 sq. ft. commercial building at Camana Bay is currently under construction.

- 200+ residential homes and condominiums are planned for Camana Bay, construction starting at the end of this year.

- 60 ultra-luxury condominiums for WaterColours on Seven Mile beach is currently under construction.

- Expansion of the Ritz-Carlton's Dragon Bay development of homes and condos with over 100 condominiums in Secret Harbour commencing construction this year.

- The new National Gallery building off the Harquail Bypass is currently under construction.

- 2 new multi-storey commercial buildings in George town; one 6 storey office tower for Appleby's attorneys is currently under construction.

- Caribbean Office Place on West Bay Rd. across from the Caribbean Club will start construction this summer.

- A new 5 star hotel resort in Colliers on the eastern side of Grand Cayman, plans construction this year.

- 15 residences at Oceania on the waterfront in George Town is currently under construction.

- Reinstatement of the Courtyard Marriott damaged in Hurricane Ivan has recently been sold this year, although it has not been determined whether the brand will be retained or upgraded to a 5 star brand.

The future looks bright for the Cayman Islands as plans for building the infrastructure and economy have begun. Now is an excellent time for investment as prices for residential property remain at an all time low. Contact your Cayman Islands Real Estate specialists for more information on investing in the Cayman Islands.

Source: The Lund Report Summer 2011

Wednesday, May 25, 2011

4G Mobile Technology Coming to the Cayman Islands

LIME has recently announced its plan to bring 4G or 4th Generation technology to its customers throughout the Caribbean, commencing in Grand Cayman later this summer.

This network upgrade will enable LIME’s customers to access blazing fast Internet and numerous sophisticated data services on their wireless devices.

Mobile 4G will deliver a superior online experience, delivering faster download speeds while surfing and sharing large files such as a film or video clip downloads, or to play online games through the Internet.

What does this mean for LIME customers? With LIME’s 4G network, when in a 4G coverage area and with a suitable device, LIME’s customers will:

  • See faster internet speeds in more locations
  • Video chat with no dependency on WiFi
  • Watch video at blazing fast speeds
  • Send photos to social networks, friends, and family faster than ever
  • Browse the web with greater speed, even when on a call
  • Send email with huge attachments
  • Download photos, apps, music, movies and more faster than before
As technological advances become more available to the Cayman Islands, owning your piece of paradise is becoming even more appealing.

Contact your Cayman Islands Real Estate expert now for more information.

Tuesday, May 10, 2011

New Listing! Little Cayman Oceanfront Land

This .68 acre parcel is located on Little Cayman with 100 gorgeous feet of ocean frontage.  This is the perfect spot for your vacation dream home with all the beauty of Little Cayman's peace and quiet! It lies just west of Casa Cassiopea Guest Cottage, block 88A parcel 58.  This piece of paradise is listed for US $350,000.

Contact your Little Cayman real estate specialists for all the details.

Wednesday, May 4, 2011

Paradise For Less on The Sister Islands

Real estate prices are lower on the Sister Islands than Grand Cayman. 

Investors and developers will find a surprising amount of prime ocean-front property available on both Little Cayman and Cayman Brac, ideally suited for retirement property or for those looking for a more relaxed lifestyle.

Contact your local Sister Islands Real Estate expert today and fulfill your dreams of real estate ownership today.

Wednesday, April 20, 2011

Buy Your Piece of Paradise in Little Cayman!

This 3 bedroom/2 bathroom home comes fully furnished with a delightful open floor plan in the living/dining/kitchen area. Total under roof sq. footage is 3000 (including attached 2 car garage and patio), total climate controlled living area is 1645 sq. ft. This home is located in the Rock Flats area and has a stunning view of South Hole Sound. Total acreage is 0.49 with 87 feet of ocean front footage. All yours for the asking price of US $625,000. 

If you would like this piece of paradise, contact Betty Bua, your local Little Cayman expert real estate agent who can give you all the details.

Tuesday, April 12, 2011

New Listing in Little Cayman!

This beautiful unit is located in the most prestigious condo complex,"The Club" in Blossom Village, South Hole Sound, Little Cayman. Little Cayman is often referred to as the "Jewel of the Islands". Unit #8 is an ocean front unit on the second floor with a spectacular view of South Hole Sound, Owen Island, and the beautiful gardens and pool located on the property.

The Club has only eight luxurious units total.

This unit has an airy entry to a beautifully fitted kitchen/breakfast bar, formal dining room and living room which opens onto a private balcony overlooking the spectacular panoramic view of the Caribbean sea. This area also can boast of a built in wine rack and bar directly opposite the kitchen which makes it easy for wonderful entertaining.

The floor plan in this home is a fantastic layout with a family and friendly oriented living area, yet has privacy for the master bedroom/bath. A second bedroom has an en-suite bath as well and the 3rd bedroom has access to a bathroom.

Fully furnished with top quality furnishings making this an opportunity to purchase a turn-key residence a once in a life time deal!

For more information and photos regarding this beautifully appointed home please email me at


$ 875,000 US
Bedrooms: 3
Bathrooms: 3
Square Feet: 1900
Built In: 2002

Tuesday, March 29, 2011

2010 Cayman Census Report

The preliminary 2010 census results have been reported and the population of The Cayman Islands was 54,397. The breakdown by district is as follows:
George Town - 51%
West Bay - 21%
Bodden Town - 19%
North Side - 2.7%
East End - 2.5%
Cayman Brac and Little Cayman - 4.2%

Results of the 1999 census reported 39,020 residents living in Cayman, a 39% increase in the population in 11 years. “If the population were to continue to grow at this rate, it would double its size by the year 2033,” stated the census report. The full census is due to be released in October. 

With this amount of growth rate continuing in the Cayman Islands, real estate proves to be a worthy investment. Contact your Cayman Islands real estate agent today and invest your money in paradise.

Thursday, March 17, 2011

Homeowner's Insurance in Cayman

When shopping for homeowners insurance, the average cost is 1.8% of the value of the property, unless you live on the water where rates can go upwards of 2%. It pays to shop around when buying homeowners insurance as rates will vary amongst companies and rates may not necessarily be the best with your mortgage banker. Ensure you have enough coverage for replacement if your home is completely destroyed. If your home is destroyed and you chose not to replace it, know the actual cash value. Your insurance company will give you replacement cost less depreciation. If you are purchasing a condominium, insurance rates are usually based on a per square-footage basis and is often included in your monthly strata fees. 

Contents insurance is highly recommended here in Cayman due to the risk of flooding and hurricane damage. Unless you live in a condo where strata insurance usually covers major kitchen appliances, these items should be included in your contents insurance coverage as they will not be covered in building insurance alone.

Be aware of exclusions to your coverage. Flood, earthquake or wind damage are usually not covered as standard items, these types of coverage must be purchased separately. Ask about any dollar limitation on claims as some insurers may limit how much they will pay.

Liability insurance is generally included with your policy, but it pays to know any upper limits on this amount of coverage. Ensure it is sufficient if you have significant assets.

Your Cayman Islands Real Estate agent is knowledgeable and will answer any of your questions regarding homeowner's insurance.

Wednesday, March 9, 2011

How Do I Get a Mortgage in the Cayman Islands?

After you have found the property of your dreams, mortgages are still available here in The Cayman Islands for residents, expats and foreign investors. It pays to shop around as rates are competitive and can be negotiated. Interest rates follow New York Prime as quoted by Citibank, usually +1%. Standard mortgage terms require a down payment of 20-35% plus closing costs. The usual mortgage length is 10-15 years and can be in US or CI dollars. Most banks do not charge pre-payment penalties.

When considering your mortgage allowance, please keep in mind stamp duty will be charged on the money you borrow. Loans less than CI $300,000 require a 1% stamp duty fee, loans over CI $300,000 require a 1.5% stamp duty fee. Legal feels are typically .5% and the bank will charge .5% on the cost of the mortgage. Interest only mortgages are not available in the Cayman Islands.

For any questions regarding mortgages, lenders, etc. please see your Cayman Islands Real Estate Agent for all the answers to your questions. 

Tuesday, March 1, 2011

Stamp Duty in Cayman Islands Real Estate

Because there is no income tax, property tax, capital gains tax or inheritance tax charged in the Cayman Islands, one of the ways the government generates revenue is through stamp duty on the purchase of real estate. This is a one time tax on land or building transfers assessed at the time of transfer. If a land purchase is being made, stamp duty is payable on the land value, not on the building after it has been built. For building purchases, furnishings are deducted from the sale price before stamp duty is calculated.  

Presently, stamp duty rates range from 6-7.5% based on the location of the land or property. Purchases along the Seven Mile Beach corridor incur a 7.5% stamp duty due to the high infrastructure in that area. All other areas fall in the 6% bracket.

Further information can be obtained from your Cayman Islands Real Estate Agent.

Wednesday, February 16, 2011

Strata in Cayman Islands Real Estate

When making the decision to purchase property in the Cayman Islands, multiple-unit, individually owned complexes or condominiums are definitely an option. In Cayman, these units are known as "strata" units. If individuals purchase a property which is part of a strata plan, they will have title to the house or apartment on the property in the plan. Individual unit owners hold title to their units in the same way as the owner of any other parcel of land, and the Land Register maintains the same type of records for these strata units. Owners will also retain a share of the strata corporation which owns all the common property including roads, gardens, pool, gyms, tennis courts, etc.

All strata corporations have "by-laws" which govern the activities of strata owners. These by-laws are upheld by a committee which is elected annually to govern and run the corporation. It is important to understand the strata by-laws as they can restrict individual owner's activities such as boat docking or pet ownership.

The strata corporation provides insurance for the strata property and has the responsibility to maintain it for all shareholders.
All costs associated with maintenance and insurance are also the responsibility of individuals in the strata corporation. It is important to understand how much extra you can expect to pay the corporation for these monthly strata fees.

Your Cayman Islands Realtor can assist you in these matters and answer any questions you may have regarding strata ownership.

Wednesday, February 9, 2011

Little Cayman District Committee of the National Trust Easter Auction Team--2011

Dear Fellow Members, Donors and Friends of Little Cayman:

Once again it is time to ask for your generosity and support to the Little Cayman District National Trust Easter Auction.

This will be our 19th Annual Easter Auction on Sat, April 23, 2011 at the Little Cayman National Trust Building. Yes, Easter is approaching fast and we are asking for your support and we thank you for any previous participation. The Little Cayman District National Trust had a good 2010 auction and we thank all of you for making this possible.

Funds from this auction will be used for designated projects on Little Cayman, which support the mission of the National Trust of the Cayman Islands. The mission of the National Trust for the Cayman Islands is to preserve natural environments and places of historic significance for present and future generations of the Cayman Islands.

As the event continues to grow each year, enticing more and more people to attend, it brings more attention to the donations that have supported the Trust efforts, and to the names of those supporting the event. We are asking for your support again this year with donations of merchandise, services, or other items worthwhile for auction.

We have a live auction and a silent auction making all donations significant.

The National Trust is close to the hears of many people. There are many sub-committee members working on this event, and so you may hear from more of our eager volunteers. "Pardon our enthusiasm!"

We look forward to hearing from you in the very near future.

For shipments outside the Cayman Islands, the best way to send the package is Fed Ex for guaranteed arrival. All parcels must have a packing slip with a value and inoice and marked as a donation bcause we do have to pay duty on all items valued over $50.00. If they are not marked as a donation or gift, we pay as they value it. Please see speical IMPORTNAT PACKAGING DIRECTIONS BELOW.


Little Cayman District National Trust
PO Box 35
953 Guy Banks Road
Little Cayman KY3-2501
Cayman Islands


Gladys Howard: 
Phone: 345-948-1010
Fax: 345-948-1011
Email: piratept@candw.y

Debbi Truchan:
Phone: 345-948-0112

Betty Bua-Smith:
Phone: 345-948-1077
Cell: 325-1097

National Trust Grand Cayman:
Erika Walton
Office: 345-749-1121
Phone: 345-749-1129

Please note on:
Customs Delcaration: Gift or Donation to the National Trust and you must have a declaration of value if handmade or an invoice for the purchased items as we have to pay duty on anything over $50.

If you are unsure of how to proceed please email us for further information.

Wednesday, February 2, 2011

Reasons to Invest

Investing in Cayman Islands real estate has never been more advantageous. 

Due to the recent global economic recession, the market has led to property values dropping. Sellers have become more competitive and have lowered prices and improved the quality of their holdings. Some market areas are showing discounts of 10-25% on sales prices. As a result, Cayman real estate holdings represent an excellent value for money. 

The Cayman Islands is a tax free jurisdiction. The government does not impose income tax, property tax, capital gains tax, or inheritance tax. Anyone can invest in Cayman real estate without restriction, no partner is necessary and residency is not mandatory. There is a one-time stamp duty on real estate at the time of purchase which varies from 5-7.5% and higher based on location. 

There are no restrictions on foreign ownership of real estate for personal use.  Individuals and companies can own property in the Cayman Islands. The land registry system is well organized and the government guarantees title as all deeds are registered under a unique block and parcel number. Land transfers are secure and expeditious. The Land Registry is a matter of public record, anyone can investigate a property for ownership, liens or covenants for a nominal fee.

Combined with a low crime rate, stable government and close proximity to US gateways, investment opportunities in the Cayman Islands has never been better. Contact a reputable Cayman Islands real estate agent and own your piece of paradise today!

Thursday, January 27, 2011

Sister Islands Nature

Whistling Ducks
Red Footed Booby
The Cayman Islands are renowned for its underwater beauty.
On land, there is an abundance of nature and beauty which rarely gets the attention it deserves. There are many nature walks and trails on both Cayman Brac and Little Cayman.  Hiking is the perfect way to enjoy the wonders of Cayman Brac. Birds, reptiles, flora and fauna, scenic and geological sights abound on this little island paradise. All of Cayman Brac’s hiking trails are easily accessible.

Little Cayman ironically has more iguanas and birds than people. The Sister Islands Rock Iguana roam free on the street and have their own road crossing signs. These  creatures have become a major attraction on the island. The Red-Footed Boobies have a colony of over 20,000 birds. They share the National Trust Booby Pond Reserve with frigates, egrets and many more endemic and   migratory species. 
Explore the wonders of Mother Nature on our Sister Islands. It is just one more reason to consider investing in the peace and quiet that is the Sister Islands. Contact a reputable Cayman Brac or Little Cayman real estate agent who has the expertise to guide you through the process of choosing your dream property.

Thursday, January 20, 2011

Little Cayman

There are no stop lights on Little Cayman, home to 150+ residents. There are very few 4 wheeled vehicles, most folks commute by bicycle on this 10 mile long island.  Little Cayman is all about rest, relaxation, and getting away from the maddening crowds. Visitors bask in the beauty of it's unspoiled natural splendor.

Little Cayman is located 80 miles northeast of Grand Cayman. It is the smallest and least developed of the three Cayman Islands. It is a quick 30 minute flight from Grand Cayman where you can fly there in the morning and be diving the infamous Bloody Bay Wall that afternoon. Bloody Bay is consistently ranked as one of the world's top wall dives.

The Little Cayman real estate market offers investors numerous opportunities to realize profits from their investments in just a few years. There is something for everyone in the Little Cayman real estate market. Put your trust in a proven real estate agent and come see what all the fuss is about.

Wednesday, January 12, 2011

Why Cayman Brac?

The beauty of Cayman Brac lies in its relaxed pace, welcoming and friendly inhabitants, and spectacular natural beauty. This little island gem lies 90 miles northeast of Grand Cayman and 5 miles east of Little Cayman. It is approximately 12 miles long by approximately 1 mile wide, comprising 14 square miles of natural beauty. It is home to roughly 1800 residents.

Cayman Brac derived its name from Cayman, the Carib word for crocodile and Brac from the Gaelic word for bluff. The island's main physical landmark is the 140 ft. high bluff which is fast becoming an attraction for  rock climbing enthusiasts. Nestled amongst the bluff are a myriad of caves which provide shelter and home to local bats, great exploring territory.

There is plenty to see and do on The Brac. Nature tourism abounds here with trails, caves, and wildlife. Scuba diving, deep sea fishing, kayaking are just a few of the ocean adventures available.

The pace is slow, the people are friendly, and the island is virtually crime-free. Explore the possibilities of owning a piece of this island paradise.