👋 back at ya.
I’ve purchased property in a few different Caribbean islands, and the Cayman Islands is pretty straightforward for foreign buyers. One thing to keep in mind is stamp duty. It 7.5% of the purchase price depending on the location, so that’s a sizable added cost. Be sure to work with a local attorney who understands Cayman property law—trust me, it’ll be worth it to avoid any hiccups down the road. Also consider the cost of keeping the property accounting for strata (HOA) fees and insurance which can be rather substantial. These fees vary from one development to another but you should definitely know this info before you submit any offers. Be sure to ask for the strata accounting and also whether there are any upcoming or anticipated assessments. In Cayman many of the developments are old and in need of repairs and for these there could be additional costs in the near term.
Real estate agents are a dime a dozen here. But you probably can't go wrong going with one of the more reputable firms liker Williams 2 or Remax.
Neighbourhoods wise that's going to really be a function of how much you're looking to spend.
