Buyer’s guide.

Unlock the door to Caribbean living with REMAX Cayman Islands as your trusted guide through this exciting real estate market. This step-by-step Buyer’s Guide is packed with essential insights and expert advice to make your property purchase as smooth as possible.

Why REMAX Cayman Islands?

The power of partnering with REMAX Cayman Islands is knowing that you are working with the #1 brokerage in Cayman by sales volume based on 2025 sales volume, with a proven track record and 475 years of combined of experience. Our team of 34 real estate agents brings extensive knowledge of the Cayman property market and is committed to supporting you throughout your buyer’s journey.

As a proud member of the Cayman Islands Real Estate Brokers Association (CIREBA), our agents have access to properties listed across CIREBA member brokerages through its Multiple Listing System (MLS), giving you a comprehensive view of available properties through one REMAX agent. CIREBA establishes professional standards, rules, and a code of ethics for its members, helping provide consistency and transparency across the Cayman property market.

There are also no real estate commission fees for buyers when using a real estate agent to purchase property in the Cayman Islands; the seller pays the real estate commission.

Your step-by-step buying guide

1. Define your goals

Before embarking on your real estate journey, establish clear goals. Consider the type of properly you desire, your preferred location, and the purpose of the investment. Is it a primary residence, vacation home or an income-generating property? Doing this bit of groundwork before you meet with an agent will allow you to enter the process with clarity.

2. Pick your REMAX agent

Selecting the right real estate agent for you and your needs is key. REMAX Cayman Island is home a team of highly experienced professionals who understand the intricacies of the local market. Your agent will guide you through the process, providing valuable insights and ensuring your goals are front of mind from start to finish. Find an agent

3. Define your financial standing

Determine a realistic budget for your property by assessing your financial position, including mortgage pre-approval, your down payment and the additional costs associated with purchasing property in the Cayman Islands.

Stamp duty is an important consideration. As of 2026, property transfers below CI$2 million are generally subject to stamp duty of 7.5% of the purchase price or market value, whichever is higher. For properties valued at CI$2 million or more, the rate is 10%. Different concessions may apply to eligible Caymanian purchasers.

Understanding these costs from the outset will help you establish a realistic budget and focus your property search accordingly.

4. Make an offer

Once you’ve found the ideal property, your REMAX Cayman Islands agent will assist in crafting a compelling offer. They’ll navigate negotiations on your behalf, considering market conditions and ensuring your offer aligns with both your needs and the seller’s expectations.

5. Close on your home

Finalising your property purchase is one of the most exciting parts of the journey. Once your offer has been accepted, you’ll work closely with your REMAX Cayman Islands real estate agent and legal representatives to complete the necessary documentation, inspections and transfer of funds.

Property ownership in the Cayman Islands is recorded through the government Land Registry, where virtually all land transactions, including property transfers, mortgages and other interests in land, must be registered. This registered land system provides buyers with a clear official record of property ownership.

Once the transaction is complete and the transfer is registered, the property is officially yours.

More buyer’s advice

Buying property in Cayman as a foreign buyer

There are no restrictions on foreign ownership of real estate in the Cayman Islands, making property ownership accessible to international buyers as well as residents. Overseas buyers can purchase anything from land and residential homes to beachfront condos and luxury properties without needing Caymanian status or permanent residency to own the property.

View properties for sale in the Cayman Islands

No taxes: Financial advantages for buyers

Revel in the financial advantages of owning property in the Cayman Islands, where there are no direct taxes, including property, capital gains, and income taxes.

Explore our Relocation Guide

Mortgage options for Cayman property

Mortgage financing is available to eligible resident and non-resident buyers through a number of banks operating in the Cayman Islands. Lending criteria, deposit requirements, interest rates and mortgage terms vary according to the lender and individual circumstances.

Explore banking and morgage options

Property investment and residency

Purchasing property in the Cayman Islands does not automatically provide residency, but property investment can form part of certain residency pathways.

For example, the Certificate of Permanent Residence for Persons of Independent Means requires an investment of at least CI$2 million in developed real estate in the Cayman Islands, alongside other eligibility requirements.

Residency requirements are subject to immigration legislation and can change, so prospective applicants should always check the latest Cayman Islands Government guidance and seek appropriate professional advice.

Explore Residency by Investment