Cayman123.com - A platform for buyers and sellers of Cayman Islands real estate market with its comprehensive directory services

You are at the right place (Cayman123.com) if you have plans for the most beneficial Cayman Islands real estate deals to settle. Three islands of Cayman Islands - Grand Cayman, Cayman Brac Island and Little Cayman Island offer substantial benefits to their buyers and the property owners. Keep browsing through Cayman123.com for an in depth news on real estate in the Cayman Islands.

With the beauty of sun-kissed beaches and crystal clear blue seawater, pleasant climate all through out the year regardless of temperature differences of winter and summer, the photogenic Cayman Islands real estate sector is blessed with certain concessions and conditions such as -

• Zero taxes on property, capital gains, income and inheritances.

• Higher promises on per capita income.

• Easily communicable transportation system.

• Stable political relations with UK.

• Global acceptability of US currency, although its local currency is Cayman dollar, which is equal to US $1.25.

While the property tax is removed to encourage more buying and selling of real estate in the Cayman Islands, the one time fee of stamp duty is as well reduced by government from 7.5% (9% in some cases) to as low as 5% in all areas from 14th November, 2003. Along with these above positive aspects of Cayman Islands real estate business, the Registry system maintained by government adds additional level of comfort for the both purchasers and owners. This registry system is accessible to public to enable the purchasers to find the information they have been interested to buy on -

• Record of that specific real estate Cayman Islands property.

• Owner of the property.

• To check any charges or restriction has been imposed on that property. >>>

All the Cayman Islands real estate properties are titled as either freehold or leasehold, which can be held by single individuals, jointly with other proprietors or by the name of a company. The foreigners can apply for ownership of real estate Cayman Islands properties for personal use without any hassles of legal registration. The business purpose of purchasing a property, of course, requires licensing, and the lender will demand a guarantee from the shareholders or the directors. The local banks of Cayman Islands encourage foreigners in purchasing real estate properties by lending them 50% to 75% of the property value and for lending the banks require a first legal mortgage over the property. Whether the property is purchased on person or through the company, local law requires the purchaser to follow some legal procedures by producing some information to the agents or lenders of Cayman Islands real estate, such as -

• The evidence of personal identity of an individual for buying properties for personal use

• The evidence of identity of the shareholders or directors for buying through a company

• The satisfactory confirmation of the source of funds while purchasing

• A guarantee from the shareholders and directors. >>>

If you are new to the real estate Cayman Islands business, there are efficient and professional law firms and attorneys to provide proper legal guidance in property purchase transaction, straightforward conveyancing, mortgage, development and building contracts, financing, funding and also the formation of companies.

We also invite the real estate companies in the Cayman Islands to post their properties at our website for having the maximum exposure and the larger number of buyer enquiries. USPs of Cayman123.com are -

1. Quick and simple navigation system

2. Systematic, classified directory services will help you quickly tap the potential buyers from crowd of visitors of our site.

Include your property, name of your Cayman Islands real estate company along with contact details to sell it to the quality purchasers.

The Cayman Islands real estate properties that we enlist are conveniently located within the reach of all essential centers of grocery, gourmet, amusement, shopping, bookstores, sports etc. Most of them are located in elite vicinity of Cayman Islands, including -

1. West Bay - Seven Mile Beach - West Bay claims to be a beautiful location to buy a Cayman Islands real estate property, specially being nearest to Seven Mile Beach and only 15 to 20 minutes away from the town. You may find shopping centers, grocery stores restaurants here besides the beautiful and one of the most popular beaches of Cayman Islands - Seven Mile Beach. A house here will cost you only CI$800.

2. George Town - The capital of the Grand Cayman islands is no doubt a most wanted location among the Cayman Islands real estate buyers. Being the main stop of the tourists, this area is flooded with innumerable places to access necessary and luxury products and services. The house here costs CI$900.

3. Savannah/Lower Valley/New Lands/Pedro St. James - Buy inexpensive Cayman Islands real estate properties at the exotic place, where the government of the islands resides. This place is 10-15 minutes away from town, offers great environment for family set ups and only costs CI$800.

Browse through our site for more assistance and tips on sound, secure and profitable Cayman Islands real estate transaction