Buying property on the Island

Frequent Flyer Joined: 22 Oct 2007 Posts: 35 Location: no

What can one expect to pay for a property near the beach ? How difficult is it to purchase being a US citizen? Confused

Posted: Tue Mar 25, 2008 8:45 pm Post subject:

Check with Bill Baldwin, he'll hook you up:

Posted: Thu Apr 10, 2008 2:57 pm Post subject:

Depending on where on the island you want to buy, you can find a small place starting around $350,000 CI and it goes up to the 10's of millions from there. The sister islands are cheaper, but harder to get to and more secluded (can be great or bad depending on your POV). Check out **************

There is no restriction on foreign ownership, but there are government taxes on real estate transactions.

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Edit: Resources removed. I highly recommend contacting Bill Baldwin via the contacts in this forum for the most current, reliable and accurate real estate information. Bill is a close personal friend of mine and one of the most trusted and respected agents on the island.

With something as important as a real estate purchase, I can not stress strongly enough how important it is to associate only with a knowledgeable, trustworthy and reliable individual, such as Bill.

Edit: Joe

Newbie Joined: 13 Jun 2011 Posts: 1

Spot on with this write-up, thanks for that info.I know I’m a bit late in posting my comment however the article ended up being to the idea and merely the details I was looking for. I can’t say which i agree with everything you could mentioned nevertheless it was emphatically fascinating!

Newbie Joined: 09 Jun 2011 Posts: 7

I called the realty place in the Activity Guide and it sounded like there are some great deals on houses and condos there now. I ran out of vacation before getting to meet with them but am planning on returning soon and have a realty tour on top of my things to do. There are NO TAXES there, NONE. No property tax, no gains taxes, no estate taxes, absolutely nothing but a "STAMP DUTY" that is a one time thing, about 10% if I remember correctly. I've been looking for a place to buy a vacation property and the Caymans look like one of the best places.

Posted: Wed Jun 29, 2011 7:50 am Post subject:

So true, we always run out of vacation before we run out of things to do on vacation.

Years ago my Dad was thinking about buying a sea lodge on the Cayman Kai development. I remember he spoke about the one-time purchase tax being the only tax. I sure wish he had bought it!

DS