Cost of Building a House in Grand Cayman

Edgewater Group is a boutique property group, the only one of its kind in the Cayman Islands, which gives us the ability to offer the most comprehensive and cohesive property service on island.

• Edgewater Properties Ltd can assist you with buying, selling, leasing, or property management.
• Edgewater Development Ltd can help you build, renovate, or fit out large and small residential and commercial projects.

Whether you have considered moving to Grand Cayman, retiring, buying a vacation home, or investing in property with high income-generating potential, Edgewater Group can help you find exactly what you are looking for.

Cost of the Build

Compared to buying an existing home, the costs associated with building a home are not always clear from the start. Expect some unplanned out-of-pocket costs. Materials typically have to be imported and are subject to a considerable duty (between 15- 22 %).

Our highly skilled in-house quantity surveyor, who has over 25 years’ experience and honest and transparent relationships across all the sub-trades, will view your project from all aspects and calculate the cost down to the last nail. He will obtain the most competitive quotes and prepare a full project cost analysis that will guide you to develop a realistic budget that reflects your quality objectives

REASONS TO BUILD IN THE CAYMAN ISLANDS

With the exception of a one-time stamp duty on property purchases, the Cayman Islands government imposes no requirement to pay tax on income from the sale or lease of property. There is no property tax, sales tax, inheritance tax, or capital gains tax.

All land in the Cayman Islands is recorded in a Land Registry system maintained by the government which guarantees title, so there is no need to pay for title insurance.

The Cayman Islands has modern infrastructure, reliable utilities, state-of-the-art telecommunications, excellent schools, outstanding health care facilities, and the highest standard of living in the Caribbean.

Investors will discover an amazing variety of high-quality property for sale ranging from vacant land, affordable apartments, condominiums, single family homes (both inland and beachfront), to some of the most luxurious homes in the Caribbean.

Obviously, building a house is not for everyone and there are many factors to consider in order to get the result you were hoping for, from choosing the right architect, contractor, suppliers, and method of build. Edgewater Group can help you make your home truly yours.

Work with Edgewater Group to explore the cost of building a luxury house, vacation villa, townhome, condominium, or other property in Grand Cayman. Our team works hard to provide you with a satisfying real estate experience. Get in touch with us at +1 (345) 946-3343, or contact us online to explore your options.