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Back  |  about Cayman Islands  |  comparisons  |  add to favourites  |  send listing to friend
 
 Price : US$ 259,950 Type : Land - Beachfront
Land - Land
REF : CAI0005 

Cayman Islands :  Cayman Bracs                               SOLD                                 Cayman Islands Affordable Land


Last available beautiful beachfront plot for sale, in a small development of seven plots at Blakes Bluff, Cayman Bracs.

                                                                     SOLD

Cayman Islands Affordable Land


     
  • A 5 year 0% interest free finance plan provided directly from the developer
  • 18,074 sq ft
  • Government guarantees title
  • All roads and electrics included in the plot price
  • Completely tax free

Cayman Islands Affordable Land


  • Freehold with full planning permission ready for your dream home with no time constraints on planning
  • The Cayman Islands are a UK Territory
  • The Cayman Island are the 5th largest financial center in the world
  • The safest of all the Caribbean Islands
  • 112% rise in land prices (2008)

 

Cayman Islands Affordable Land


 
A pristine beachfront lot, in one of the worlds most desirable locations.  This is the last lot - so please contact us now to reserve this plot.
 


For further information on this property click on the Contact Us buttons at the top or bottom of this page.

Caribbean Property

Buying Property in the Cayman Islands

There are no legal restrictions on the ownership of property by foreigners, where the property is for the personal use of the owner; however the ownership of property for business purposes is subject to licensing.

Property Title
Most properties in the Cayman Islands are freehold, although there are a few leasehold properties. Title to Cayman Islands property can be held by individuals, either alone, jointly, or in the name of a company.

Land Registry
Property in the Cayman Islands is recorded in a registered system maintained by the government and open to public inspection. Buyers may examine the registration of any property and see who owns the property and whether there are any charges against the property. Since the registry process requires each property to be carefully scrutinised before it can be registered, a registered property effectively guarantees title.

Mortgages & Bank Loans
Foreigners may open bank accounts in the Cayman Islands and take out a loan to finance a property purchase. The banks will often lend up to 50 to 75% of the property value to foreigners, but will normally require the first legal hold over the property. When lending to a company, the banks will usually ask for a personal guarantee from the directors or shareholders. Loans and mortgages are however normally only available for properties that have been constructed and rarely given for pre-construction properties.

Cayman Islands Stamp Duty
Stamp duty of 6% is payable to the government on all property purchases (7.5% for properties on Seven Mile Beach). There is also a 1% stamp duty payable on mortgages up to CI$300,000 (approx. US$240,000) and 1.5% stamp duty on mortgages exceeding this value.

Buying Cayman Islands Property
The conveyancing of a property in the Cayman Islands is straightforward and can be undertaken by a large number of legal firms based on the islands. The fees for conveyancing a property are usually a small percentage of the purchase price of the property.

 

 

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Last Updated On 19 Nov 2017