Best real estate advice on the Cayman Islands housing market
Title:
Best real estate advice on the Cayman Islands housing market
Description:
The Cayman Islands Real Estate Brokers Association (CIREBA) is the only professional Association of Realtors in the Cayman Islands and has been in operation since 1987. Dealing with a CIREBA Member is your assurance of doing business with a trained professional who at all times will be guided by the high standards set by CIREBA. If you would like to know more about CIREBA visit : – PowerPoint PPT presentation
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Title: Best real estate advice on the Cayman Islands housing market
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The Cayman Islands Real Estate Brokers
Association (CIREBA) The Cayman Islands
Largest Real Estate Portal Cayman Multiple
Property Listings
www.cireba.com cireba_at_candw.ky (345) 949 7099
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What is CIREBA?
The Cayman Islands Real Estate Brokers
Association (CIREBA) is a not-for-profit
Association that was set up in 1987 to provide a
professional network for the different real
estate companies in the Cayman Islands. Today it
provides the Multiple Listing System (MLS) and
acts as a central source of information for its
Members, including the publication of this
magazine.
www.cireba.com cireba_at_candw.ky (345) 949 7099
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Buy Invest in Cayman
The Cayman Islands Stamp Duty
Stamp Duty Rates
While negotiating stamp duty is made relatively
straightforward by the efficiency of the Lands
and Survey Department, working with a CIREBA
agent is recommended to ensure your full
understanding of the more detailed information
about fees and administration, exemptions,
chattels and other queries.
www.cireba.com cireba_at_candw.ky (345) 949 7099
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Buy Invest in Cayman
The Cayman Islands Stamp Duty
Stamp Duty Calculator
The stamp duty rate on all three Cayman Islands
is 7.5 on the purchase price (also termed the
consideration) or the market value of the
property, whichever is higher. Stamp duty is
calculated in Cayman Islands currency.
Paying Stamp Duty
A property assessment may be carried out by the
Lands and Survey Depart of the Cayman Islands to
establish which figure is greater, the market
value or the consideration. Payment must be paid
within 45 days of a contract signing.
www.cireba.com cireba_at_candw.ky (345) 949 7099
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Buy Invest in Cayman
The Cayman Islands Stamp Duty
Stamp Duty on Land Purchase
Pay your stamp duty at the time of buying the raw
land and pay only on the land value and not the
completed building. Once granted planning
permission, your approval is valid for five
years. It is commonly agreed that most homes can
be built within a six to eight month period
following the initial design and planning stages
of four to six months.
www.cireba.com cireba_at_candw.ky (345) 949 7099
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Buy Invest in Cayman
The Cayman Islands Stamp Duty
Stamp Duty on Mortgage Other Fees
Duty is charged on mortgages of less than
CI300,000 at 1 and on larger mortgages at 1.5.
The process may incur up to 1 for legal and
registration fees. Aim to pay in the region of
CI400 for this report.
www.cireba.com cireba_at_candw.ky (345) 949 7099
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Contact Us
THE CAYMAN ISLANDS REAL ESTATE BROKERS
ASSOCIATION Mail Address P.O. Box
1977, Grand Cayman, KY1-1104,
Cayman Islands Phone (345) 949
7099 Fax (345) 949 6819 E-mail
cireba_at_candw.ky Website www.cireba.com
