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FAQ's

Property Development

The Cayman Islands is a thriving financial & tourism centre and has been attracting a high level of high net worth investors on the island for many years. There is a new town called Camana Bay which has recently opened its first phase. This is a world class project. In fact there are many new, interesting property investment opportunities in Grand Cayman as well as Cayman Brac and Little Cayman, known as The Sister Islands. Cayman is ranked one of the highest in the world as far as investment opportunities and it has never been a better time to invest. As with anything it is a personal choice and guidance should be sought from the property consultants or financial advisors on island. A list of Cayman Islands Real Estate Agents, Cayman Islands Property Sales agents and Cayman Islands Real Estate and Developers can be found in our Cayman Islands Cayman Islands Business Directory.
Cayman has a strict Planning Department but I have always found them to helpful and pretty quick to respond. There may well be restrictions such as adhering to zoning and meeting boundary requirements etc and advice can be sought from any of the property consultants or real estate & development on the island. Please refer to the Cayman Islands Cayman Islands Business Directory for specialist advice in this field. The local Architects are also very knowledgeable on what you can and can’t develop.
The rental market is a growth area and is a good source of income on a good property. The market for 2 bed apartments is currently fairly saturated and 1 bed apartments are highly sought after. In all cases, this is a personal choice and expert advice should be sought from the wide choice of real estate agents on the Islands which are all listed in the Cayman Islands Cayman Islands Business Directory. A list of Cayman Islands Real Estate Agents, Cayman Islands Property Sales agents and Cayman Islands Real Estate and Developers can be found in our Cayman Islands Cayman Islands Business Directory.
Local banks these days offer financing for residential and commercial property or development and are generally very helpful and responsive. Lending rates can be negotiated depending on the project but I would recommend going to several banks and possibly negotiating terms by playing one of against the other. Please seek advice from the banks on the island which are all listed in the Cayman Islands Cayman Islands Business Directory. For a full listing of Cayman Islands Banks, please click on the links below.
There are property investment consultants on island and they are listed in the Cayman Islands Cayman Islands Business Directory, please refer to the appropriate section. Also most of the leading Real Estate Agents and Cayman Islands Real Estate & Developers have great websites. I would take some time to check out their articles and properties and then email the one or ones you wish to do business with. They know all three Cayman Islands well and can guide you in the right direction. A list of Cayman Islands Real Estate Agents, Cayman Islands Property Sales agents and Cayman Islands Real Estate and Developers can be found in our Cayman Islands Cayman Islands Business Directory.
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