Introduction
In the face of current global market conditions, the average number of Cayman Land transactions for the first half of 2009 is actually higher than in 2008. It is anticipated this trend is set to accelerate as investors capitalize on these tax free real estate propositions as inflationary pressures continue to affect the US dollar.
A viable, and potentially lucrative opportunity to purchase freehold plots of land already zoned for residential development is now available to investors.
These building plots will be delivered with all communication and utility infrastructure in place, including roads, and electricity, giving owners the opportunity to develop their own bespoke luxury villas.
With no obligations to build in place, owners may elect to bank their land and realize their investment at a later date.

Developing your plot
Owners can maximize the real estate potential of their land by developing a villa for personal use, rental returns or simply to sell on completion.
A choice of Architects, Surveyors, Engineering and Project Management services, and an extensive choice of internationally recognized General Contractors are available to facilitate a straightforward and bespoke service.

Realizing your investment
As populations grow, the challenge of balancing the increasing need for housing with the growing importance of environmental and heritage concerns means that land with development or building potential can provide increasingly strong returns for investors.
Undeveloped, these building plots offer two exit strategies;. the first, taking advantage of the price increase that will be associated with the completion of infrastructure components, an undertaking that has been guaranteed by the current land owner.
The second, longer term scenario will harness the combined increases in value facilitated by both infrastructure and international inflationary driven increase in land value.

DEVELOPING YOUR PLOT

Land purchasing costs
There is no direct form of taxation levied within the Islands, aside from a one off “Stamp Duty” on real estate, at time of purchase.
Stamp Duty is charged at 7.5% on Grand Cayman and 6% on Little Cayman and Cayman Brac.

Project Services
We are pleased to introduce our affiliated architectural firm in the Cayman Islands, DDL Studio Ltd.
Based upon your requirements and objectives, the following scope of services are available:

• Design of bespoke individual villas and facilities.
• Design development leading to planning application.
• Preparation of renderings and plans suitable for marketing purposes.
• Constriction documentation including all structural, mechanical, electrical and plumbing design.
• Building permit application.
• Preparation of bills of quantities / schedule of rates for the proposed works.
• Tender procedure.
• General contract documentation.
• Contract administration / project management.

The budget for architectural, engineering and project management services should be based on 10% of the construction costs.