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ARTICLE · 27 MAY 2020

The 2020 Cayman Islands Real Estate Guide

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This country-specific Q&A provides information on the impact of disruptive technologies, important areas of law, sale and purchase, real estate finance, regulatory authorities, commercial leases,...

Cayman IslandsReal Estate and Construction
Norman Klein
Norman Klein
Adam Johnson
Adam Johnson
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This country-specific Q&A provides information on the impact of disruptive technologies, important areas of law, sale and purchase, real estate finance, regulatory authorities, commercial leases, investment vehicles and taxation.

1. General

1.1 Main Sources of Law

Real estate in the Cayman Islands is primarily governed by legislation and case law, although decisions in commonwealth jurisdictions may be considered in circumstances where there is no relevant local legislation or case law.

1.2 Main Market Trends and Deals

The real estate market continues to grow rapidly, producing strong sales and increasing land prices.

Luxury condos along the famous Seven Mile Beach continue to be in high demand, at increasing prices. Due to an increase in demand and changes to the stamp duty treatment of pre-construction purchases, Grand Cayman's property market has witnessed a boom in new developments, with a large number of planned or active residential property

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