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One of the greatest things about buying property in the Cayman Islands, apart from the chance to be surrounded by the stunning beauty of the Caribbean, is how the Cayman Islands’ real estate agents will make every complex process easy for you.
After being hit by hurricane Ivan in 2004, the Cayman Islands real estate industry experienced some low points; however, they were able to bounce back into business faster than expected. In fact, the real estate industry has been flourishing in recent years, earning more potential buyers and creating more developments along the way. These developments do not only involve more residential and commercial spaces but also real estate hubs.
The Real Estate Agent OK’s Your Decision
Your real estate agent will tell you that much of the growth of the real estate industry in the Cayman Islands is credited to the constant inflow of divers, bankers and tourists like you. Real estate agents take pleasure being intermediaries between you and the real estate seller because they themselves are convinced that buying a property in their country is a clever choice.
People who have visited the islands confess to being mesmerized by the charms of the scenery and the safety and security the islands exude. People can walk down the beach any time of the day without having to worry about any offense or crime in their surroundings. For some, this is a perfect place for retirement. The increased activities and growth of the real estate industry in the islands is further indicated by the corresponding growth in the number of companies as well as individuals who are involved in the real estate business.
More Properties, More Real Estate Agents
Real estate agents in the Cayman Islands have grown in number through the years because of the numerous real estate properties that can be sold to potential buyers. The real estate market in the islands also present good opportunities since there is an abundant number of non-residents interested in getting their hands on a piece of land in the Cayman Islands. Most of all, the properties in the islands have steadily posted an increase in their price values annually. Several new developments are also coming along the way which means more goods to sell for the real estate agents.
Requirements for Real Estate Agents in Cayman
Being a real estate agent in the Cayman Islands entails minimum classifications and requirements. There is currently no formal government licensing system for real estate agents but there may be other additional requirements for real estate companies that are based within the Cayman Islands, particularly those which are not 60% owned by residents or Cayman citizens.
CIREBA
In 1987, a group of active real estate agents as well as the leading real estate companies based in the Cayman Islands had decided to come together to form their own organization called the Cayman Islands Real Estate Brokers Association (CIREBA). This organization was formed to streamline the guidelines and standards in doing real estate business deals. Also, it aims to address the needs of the market and their clienteles in terms of providing information and assistance for those who are interested in buying real estate properties in the Cayman Islands.
Members
• ASSET REALTY LTD.
• AZURE REALTY LTD
• BETTER PROPERTIES INT'L LTD.
• BUTLER PROPERTIES LTD.
• CAMBRIDGE REAL ESTATE CORP.
• CAPITAL REALTY LTD.
• CAYMAN FIDELITY REAL ESTATE
• CAYMAN ISLANDS SOTHEBY'S INT'L REALTY
• CAYMAN KAI DEVELOPMENT
• CAYMAN LUXURY PROPERTY GROUPCAYMAN LUXURY PROPERTY GROUP
• CAYMAN REAL ESTATE CO LTD.
• CAYMAN REALTY LTD
• CAYMAN REALTY SPECIALISTS
• CENTURY 21 THOMPSON REALTY LTD.
• COLDWELL BANKER CAYMAN ISLANDS REALTY
• CRIGHTON PROPERTIES LTD.
• ERA KIRKCONNELL REALTY CAYMAN ISLANDS LTD.
• HAB REALTY
• INTER ISLAND REALTY
• INTERNATIONAL REALTY GROUP LTD.
• JUST CONDOS
• MAEDAC REALTY
• R.C. BODDEN REALTY LTD.
• RAINBOW REALTY LTD.
• RE/MAX CAYMAN ISLANDS
• REGAL REALTY LTD.
• RITCH REALTY LTD.
• TORTUGA REALTY LTD.
• TROPICAL REAL ESTATE LTD.
• VISION REAL ESTATE
• WEST INDIES BROKERS LTD.
Business Operations and Ethics of Real Estate Agents
Real estate agents in the Cayman Islands are dedicated and committed to conducting business and operations in the real estate industry based on the ethics and standard operation procedures that are traditionally observed in this country. They also strictly follow and adhere to the domestic laws and other regulations governing the real estate industry.
Real estate agents in the Cayman Islands do not only sell real estate properties to you – they also evaluate you. They make sure that you comply with all regulatory requirements and observe measures of safe business and lifestyle practices. Because of the business operations and ethics real estate agents in the Cayman Islands observe, people have learned to trust the real estate industry and the quality of life in the Cayman Islands.
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