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.

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.

FED-EX TO:

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

INFORMATION ON LITTLE CAYMAN AND GRAND CAYMAN DELIVERY:

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

Debbi Truchan:
Phone: 345-948-0112
Email: debbit@candw.ky

Betty Bua-Smith:
Phone: 345-948-1077
Cell: 325-1097
Email: bettyboo@candw.ky 






National Trust Grand Cayman:
Erika Walton
Office: 345-749-1121
Phone: 345-749-1129
Email: info@nationaltrust.org.ky
 
IMPORTANT DIRECTIONS FOR INCOMING MAIL FROM OTHER COUNTRIES:
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.

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!

Sister Islands Nature

Whistling Ducks

Red Footed Booby

Iguana

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.

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.

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.

Sister Islands History

Christopher Columbus first spotted Cayman Brac and Little Cayman on May 10, 1503 during his last journey to the New World. En-route from Panama to Hispaniola (now known as the Dominican Republic and Haiti), Columbus was blown off course by an unexpected storm. This detour allowed him to sight the sister islands.

 

He named these islands Las Tortugas after the many sea turtles he found there. In his notes, the explorer wrote “... we were in sight of two very small islands, full of tortoises, as was the sea about, inasmuch as they looked like little rocks.” Later maps referred to the islands as Lagartos, probably a reference to the large lizards (possibly iguanas) seen on the island.