Tag: Cayman Brac

Cayman Brac Real Estate: The Bluff is Booming

Cayman Brac Real Estate - Property Cayman

Overlooked in the past, Cayman Brac real estate is attracting buyers like never before.

As the rugged gem of the Cayman Islands, the Brac is known for its laid back atmosphere and outdoor adventure. The perfect combination to attract buyers searching for a rustic vacation home. But that’s only part of the small island’s property lure.

Cayman Brac real estate offers an unrivalled price per square foot. And purchasers are further incentivized by government concessions. Affordability coupled with idyllic natural beauty and news of significant upcoming developments – it’s no wonder the bluff is booming.

Growth in Cayman Brac


Before border closures, the Brac was operating at an all-time high for tourism, with all hotels and private homes booked out. The recent purchase and rebranding of Le Soleil D’or as a unique luxury Caribbean farm to table Inn is a prime example of the island’s tourism growth.

And earlier this year, Health City announced an expansion that includes a state-of-the-art satellite clinic on Cayman Brac. Designed for chemotherapy treatment, the clinic will provide services that do not require major diagnostics or surgery. The hospital will concentrate on long stay recovery patients, with the Brac as the perfect peaceful backdrop for their recuperation.

Despite being stifled by border closures, medical tourism is still a long-term option for our islands. Just this month, the premier said, “This is the most reliable form of tourism there is.”  And Health City’s new development serves as proof while furthering the interest of investors in Cayman Brac.

Cayman Brac Concessions

It is not widely known, but the Cayman Islands Government offers concessions on Cayman Brac real estate. Concessions provide buyers a window of opportunity to save on stamp duty tax, encouraging investments on the small island.

  • Save 60% on stamp duty on properties already built. The Cayman Islands stamp duty is 7.5%, but currently, the government is offering a reduced rate of 3% for buyers purchasing established residents in Cayman Brac.
  • Save 100% on stamp duty on land. The government is currently offering a 100% stamp duty waiver for buyers purchasing land in Cayman Brac.

The waiver is subject to the following conditions: a. the stamp duty waiver will be for the development of accommodation dwelling (homes and apartments) and any other physical structure from which a business – whatsoever the nature of the business – can be carried on;
b. the stamp duty waiver will be granted to both individuals and legal entities;
c. development is defined as construction being completed within two years of the purchase of the property;
d. completion is defined as when the development is fit for occupancy; and
e. if the development of the property is not completed within two years and in the absence of a reasonable explanation, applicants are required to either pay the stamp duty in full plus a penalty of 10% of the stamp duty or, request a further extension from the Honourable Minister for Finance & Economic Development in order to complete the development of the property.

Source Cite: The Cayman Islands Government

As we have seen with other stamp duty savings, the government’s Cayman Brac real estate concessions will not last forever. So timeliness is key, especially as sales and development on the island soar.

Cayman Brac Real Estate Trends

To give you a real sense of what is happening on the bluff, here is a quick comparison of last years property sales compared to five years before.

2020 vs 2005

  • 440% increase in sales
  • 12.5% decrease of average days on the market
  • 12% increase in list price for land
  • On average, sale prices came in at 90% of the asking price in 2020, compared to 85% in 2005.

Source Cite: CIREBA

Opportunity Knocks

As prices in Grand Cayman soar to new levels, we all have pangs of regret. ‘If only I had bought in five years ago.’ Unfortunately, it’s an all too common feeling, the sting of missed opportunity. And now we are seeing real movement in Cayman Brac. There is a significant uptake in interest and sales on the small island. Get in while prices are stable and inventory is available.

Life on the Bluff

The serene eco-friendly lifestyle of Cayman Brac brings us back to true ‘island time’. Limestone caves,  rare and unique indigenous flora and fauna, rock climbing and diving provide countless adventure opportunities, both in and out of the Caribbean Sea. The escape, coupled with stamp duty concessions and an affordable price per square foot, make Cayman Brac a feasible way for you to own a slice of paradise. And with no stamp duty on land purchases, you could finally build that island hideaway you have been dreaming of.

If you are interested in securing your piece of the rock, reach out. I’d love to chat with you.

[email protected]

IG: @jenpowell31

Life on Cayman Brac

Life on Cayman Brac

Tranquil and off the beaten track, yet vibrant with nature and adventure – welcome to life on Cayman Brac.

Named for its breathtaking Bluff, Cayman Brac draws thrill-seekers and climbers alike. Its diverse flora and fauna attracts nature lovers. And its often empty roads make driving a pleasure for all  (just be sure to give way to the Rock Iguanas!).

As an island less travelled, Life on Cayman Brac offers a change of pace. It radiates that laid back island vibe, an atmosphere we all crave, especially as of late. So I wanted to share the highlights from my recent Cayman Brac adventure.

The Cayman Brac Bluff

Towering at 150 feet above sea level, the Bluff is the highest elevation point in the Cayman Islands. It is reminiscent of the Celtic coastline, and Brac is the Gaelic word for ‘bluff’. So as an Irish lass from County Down, it is no wonder I instantly felt at home in Cayman Brac.

Venture to the most easterly edge of Cayman Brac, and the dramatic backdrop of the Bluff is visible in all its rugged glory. A visit to the lighthouse takes you to a hiking trail with stunning views of the Bluff’s edge, as well as the chance to observe the Brown Boobies in their element.

Top Tip – head to the lighthouse in the early hours to witness a spectacular sunrise while enjoying the cool breeze, tranquil surroundings, and those magnificent Bluff views

The Caves of Cayman Brac

Exploring the many limestone caves is a must-do in Cayman Brac.

Sitting above Spots Bay is Peter’s Cave on the Northeastern side of the island. And once you climb the crumbling stone steps, the view of the island is quite spectacular. Or if you fancy a longer hike, you can also access Peter’s Cave from the Bluff trail.

With my fear of birds and other flapping creatures, I chose to give the Bat Cave a miss.

But another highlight is the Great Cave. Located on Cayman Brac’s eastern tip, access to the Great Cave is via three wooden ladders. Caution for anyone with weak ankles or knees. But the climb is well worth the reward. Awaiting you is the most incredible formation of stalagmites and stalactites.

Rock Climbing in Cayman Brac

When it comes to adventure-seeking, the rugged limestone cliffs of Cayman Brac offer some of the best climbing in the world.

There are somewhere in the region of 128 climbing routes on Cayman Brac. So if you are feeling up to the challenge, give the Rock Iguana Climbing Company a call. They cater to all skill levels and have a fantastic team waiting to take you to new heights.

Yoga in Cayman Brac

Driving along the South Side Road, I was stopped in my tracks by what appeared to be the most beautiful outdoor yoga studio. Was this a stunning mirage?

‘Yogi wall’ is Angel Robledo’s creation. It is an outdoor yoga venue embraced by nature. Set against the dramatic backdrop of the Bluff, this outdoor space has a special energy. You can’t help but feel immersed in nature and grateful for the beauty of the outdoors.

Top tip –  the evening classes are made even more magical as you find yourself practising under the stars.

Le Soleil D’Or

Sprawling across twenty acres and perched on the Bluff’s edge, a tour of the expansive Le Soleil D’Or Farm is an absolute treat – not to mention the delicious samplings of home-grown fresh produce. The joy and passion is palpable as the small farm team shares their knowledge of the land while touring you around in the cutest little golf buggy.

Restaurants in Cayman Brac

Your mouth will be watering after touring Le Soleil D’Or Farm, and their garden-inspired menu is not to be missed. Dining in their quaint, tranquil courtyard is a true ‘farm to table’ experience.

Or for pizza lovers, I recommend trying Barracudas in the west end. You’ll be met by friendly staff, a great atmosphere, and delicious piping hot pizza right out of their wood-fired oven.

Sunsets

While the island’s lighthouse was made for sunrises, Cayman Brac’s Sunset Place is the perfect spot to wind down the day. Located just beyond the West Westerly pond, grab a cooler, pack up your car, or even better, your bicycle, and enjoy watching the sun go down on this extraordinary island.

Life on Cayman Brac

Travel restrictions have increased the interest to visit and buy on the sister islands. It’s a shame that it has taken so many of us, myself included, so long to experience the beauty of Cayman Brac and Little Cayman. I spent four amazing days exploring Cayman Brac, and I have one final thing to say ‘I’ll be Brac’.  (Sorry, I couldn’t resist!)

So if you live in Grand Cayman and haven’t yet, I encourage you to take the short hop, the 30-minute flight. You will find yourself in a different world. A lush landscape with a unique energy, that easy-going culture that the Brac exudes.

And if you are interested in exploring the available real estate investments, please feel free to reach out to me. I’d be happy to chat.

[email protected]

IG: @jude.holland