ERA Real Estate Blog

Maximizing Your Wealth:
Why Cayman Luxury Real Estate Outshines U.S. Luxury Markets

In today’s global real estate landscape, discerning investors are constantly seeking opportunities that offer high potential, stability, and strong returns. This is why prime luxury real estate continues to be a favored asset for those looking to balance financial growth and security along with an upscale lifestyle. While the United States has long been a top choice for luxury real...

Local Insights: What It’s Really Like to Live in the Cayman Islands

Renowned for its natural beauty, welcoming community, and appealing tax-free status, the Cayman Islands has long been one of the most sought-after  destinations to live, work, and relax in the Caribbean. With a thriving economy and a flourishing luxury property market, it's no surprise that expats around the globe have long been drawn to Cayman’s sun-kissed shores,  whether they’re seeking...

Real Estate Scams and How to Prevent Them from Happening to You

For most property investors, entering the real estate market can be especially challenging, with potential pitfalls around every corner. Whether you're buying, renting, or refinancing a mortgage, the last thing you want to worry about is becoming a victim of fraud. Unfortunately, criminals have grown increasingly sophisticated in preying on housing consumers, adding extra stress and risk to an already...

Hot Properties for Sale in the Cayman Islands – Summer 2024

Summer marks an ideal time to invest in the Cayman Islands real estate market. Known for its stunning beaches, vibrant community, and favorable tax environment,  Cayman offers numerous opportunities for those seeking a tropical haven or a lucrative investment. The summer season brings a unique charm, with pleasant weather, clear skies, and a quieter market, making it a perfect period...

How to Protect Your Home During a Hurricane in the Cayman Islands

Hurricanes, while not an everyday occurrence in the Cayman Islands, happen about four times a year on average. Most of these storms not only enter the islands' sphere of influence but also make landfall, with only a few turning away beforehand. The hurricane season typically lasts from early June to late November, making it essential for residents to be prepared....

Cayman Islands Real Estate Market Tops $500 Million in Sales in Q2 2024

The Cayman Islands real estate market has begun 2024 on a high note, demonstrating impressive performance in the first half of the year. According to the Cayman Islands Real Estate Brokers Association (CIREBA), the market opened with over 200 sales totaling more than US$250 million in the first quarter alone. This achievement marked a record high for Q1 volumes and...

The 3 Most Important Topics to Discuss with your Real Estate Agent When Buying a Home in the Cayman Islands

Purchasing a home is a significant investment, and when considering properties in the Cayman Islands, working with a knowledgeable realtor or real estate agent is essential. The unique market dynamics, legal considerations, and financial implications in the Cayman Islands require a thorough understanding and strategic approach. By engaging a real estate professional, you can benefit from their expertise to grasp...

Seven Mile Beach Development: The Hottest New Investment Properties

The Cayman Islands’ award-winning Seven Mile Beach has long been renowned for its pristine white sands, crystal-clear waters, and world-class amenities, making it one of the most desirable luxury real estate markets in the Caribbean region. With its strategic location, vibrant local culture, upscale services, and thriving tourism sector, Seven Mile Beach offers unparalleled opportunities for those seeking both a...

Cayman Islands Real Estate Commission Rates

Commission rates represent the percentage of the final sale price of a property that a real estate agent or broker charges as compensation for their services. Essentially, when you sell or purchase a property through the assistance of a real estate professional, you agree to pay them a commission based on the transaction's value. These rates can vary widely depending...

Cayman Islands
Awards and Accolades 2024

As a luxury holiday destination, the Cayman Islands offer more than just crystal-clear waters and postcard-perfect beaches. With glowing reviews and top honors from travel experts, it's not just a vacation spot—it's also an enticing opportunity for those looking to own a slice of paradise. Named among the “21 Most Beautiful Islands in the Caribbean” by Condé Nast Traveler, the...

Rising Cayman rental rates directly impact real estate market

The landscape of property investment in the Cayman Islands has undergone significant shifts in recent years, marked by notable trends in rental pricing and sales activity. According to a 2023 market report, rental rates have surged twofold since 2015, signaling a substantial increase in housing costs. Despite this surge, there has been a noticeable downturn in the volume of property...

Rental Property Investment in the Cayman Islands

In the world of property investment, the Cayman Islands hold a special appeal, particularly to those in the market for high-end, luxury real estate. With its pristine white beaches, breathtaking vistas, vibrant communities, and favorable economic conditions, this trio of alluring islands has long been a preferred destination for those seeking to make the most of both business and pleasure....

Cayman Islands Real Estate Market: 2023 Year in Review

Despite initial concerns about a slowdown in property sales at the beginning of the year, the Cayman Islands real estate market has proven to be resilient, exhibiting strong sales and pricing performance throughout 2023. Real estate experts observe that property values have remained stable throughout the year, despite increased carrying costs, primarily influenced by the global rise in insurance premiums...

Christmas in Cayman Islands: A Tropical Holiday Dream Come True

Every year, as the winter air grows colder and the holiday season approaches, many individuals and families dream about escaping to the endless summer of a tropical paradise. For those seeking a truly unique Christmas experience, the Cayman Islands offers an enchanting destination that will create precious memories to be treasured forever. Far away from the familiar postcard images of...

Property investment expected to rise as Cayman exits FATF grey list

The  Cayman Islands has been removed from the “grey list” of the Financial Action Task Force (FATF) -- a welcome development hailed by the real estate sector as it is expected to have a positive impact on the local economy and help restore confidence among property investors. ERA Cayman broker Jeanette Totten, who also served as CIREBA president for six...

ERA Caribbean launches new website

The high demand for Caribbean real estate, both from tourists looking for vacation homes and from individuals seeking a second home or investment property, has remained on the upswing over the last few years. There are many reasons why people from all over the world -- particularly high-net-worth individuals -- have continued to favor the Caribbean region as an investment...

Golden Visa Real Estate Investment in the Cayman Islands

Still riding the wave of a real estate boom, which has been bolstered further by the mad rush for holiday homes and serene sanctuaries following the global pandemic, the Cayman Islands continues to be an increasingly popular destination for real estate investment -- especially for those seeking to obtain a Golden Visa. In simple terms, a Golden Visa is a...

Grand Cayman Homes for Sale – October 2023

Are you looking for the perfect residence or holiday home in the Cayman Islands? Look no further than Grand Cayman, a stunning destination known for its pristine beaches, crystal-clear waters, and luxurious lifestyle. Moving into the last quarter of 2023, you will still find a wide selection of beautiful homes for sale on this tropical paradise that might just make...

Real Estate Closing Costs in the Cayman Islands

When all of the conditions of buying and selling have been met and the terms of the purchase contract have been concluded, both parties can now move towards the final and most anticipated stage of any property transaction -- the closing. Just like anywhere in the world, property transactions in the Cayman Islands involve certain expenditures over and above the...

Meet ERA’s Real Estate Agents in the Cayman Islands

If you are an overseas client or are new to property investment in the Cayman Islands, one way of ensuring a favorable, well-organized, and hassle-free transaction is by working with ERA Cayman’s trusted real estate professionals. Real estate transactions can be complicated and typically requires tons of paperwork -- including filling up forms, obtaining permits, submitting statements, reviewing contracts, and...