TOP 20 REASONS
WHY YOU SHOULD INVEST IN THE CAYMAN ISLANDS
15 COMMON REAL ESTATE QUESTIONS:
What is CIREBA?
The Cayman Islands Real
Estate Board Association
oversees the 34 broker
members that have over 175
Realtors. All the brokers and
Realtors are a part of the
MLS (Multiple Listing System).
CIREBA keeps their members
up to date with changing laws
that pertain to real estate.
That means you only need
to work with one Realtor
instead of calling 10 different
real estate agents to see 10
different properties.
Who pays the Realtor fees?
It is the responsibility of the
seller. The seller pays the
listing Broker and they split
this with another agent if they
bring the purchaser.
What is stamp duty?
Stamp duty is a one-time fee,
paid to the government, of
7.5% of the purchase price
and this applies across the
islands. The stamp duty is
paid by the purchaser on the
sale of the property minus the
value of the used chattels/
furniture.
Are properties sold furnished
or unfinished?
Approximately 95% of all
condos and homes are
sold furnished. The 7.5%
stamp duty is calculated
on the price you paid for
the property minus the
value of the used furniture.
For example, if you buy a
home for US$500,000 and
the furniture is valued at
US$22,489, you will then pay
stamp duty on US$477,511.
1) Beachfront Condos
Priced from
US$259,000 Up to
US$13,500,000
2) Government
Guarantees Title
3) No Restriction on
Foreign Ownership
4) Direct Non-stop
Flights with Over 55
Flights a Week
5) Located 220 Miles
South of Cuba
6) 365 Days of Sunshine,
With Temperatures
Ranging from 79F to
89F Consistently
7) Tap Water is
Safe to Drink
8) Clean Air, Safe and
Beautiful Powdery
Soft Beaches
9) Clear and Warm Seas
for Snorkeling and
Diving
10) English Speaking -
British Legal System
11) Over 200 Fabulous
Restaurants
12) Highly Skilled and
Cosmopolitan
Population
13) Famous for the
Welcoming and
CaymanKind
Reception
14) Stable Currency
Exchange from
US$ to CI$
15) Properties and Land
For Sale in Little
Cayman and Cayman
Brac for as Low as
US$20,000
16) CIREBA has Over
US$1.9 Billion Worth
of Properties Listed in
All 3 Islands
17) CIREBA has a MLS
With over 1,600
Properties, Land,
Condos and Homes
18) CIREBA has 34
Broker/Members
with 162 Real Estate
Agents
19) Reliable High Speed
Internet
20) No Property Tax
WWW.CIREBA.COM