The Cayman Islands is a perfect destination for investors to develop their projects or for just everyday home owners to build their dream vacation home. Cayman has spent considerable money and time to develop one of the finest professional Planning Departments in all of the Caribbean. Cayman follows the Southern Florida Dade County Building codes which includes some of the strictest set of building codes in North America. An investor does not have to worry about compromising their efforts to develop and construct a project just because they have ventured offshore to a new foreign market.
All property is registered under a unique block and parcel number so every owner is registered on file at Lands & Survey Department. The government guarantees the right to ownership and the records are made public to anyone for inspection. Under inspection, the records will reflect any liens, charges or restrictions on the property. Since the buying process is guaranteed and easy, the process of purchasing a property can take less than a week when there are no special conditions in the offer to purchase.
Cayman Islands has a contractors association which requires all member contractors to be licensed. The Cayman Government Planning department has strict requirements for plan submission and once construction begins, has a step by step procedure for onsite inspections. There are numerous professional drafting services, talented architects, land surveyors and quantity surveyors on island to assist with every aspect of design through completion.
Grand Cayman now offers piped city water to all areas of the island, doing away with the expense of a rainwater cistern structure. Planning regulations permit 7 story buildings on the Seven Mile Beach and a maximum 3 stories elsewhere. Residential regulations allow a maximum of 25 % site coverage with the building footprint. A High Water Survey is required for plan submission on all beach front property. This survey established setbacks for structures from the sea which is normally set at 100 ft. Other setbacks for residential homes are 10 ft on the sides for one story, 15 ft for two story and a 20 ft setback from road frontage.
The Planning Department of the Cayman Islands is very helpful and knowledgeable on all conditions in Cayman. They readily invite potential investors or property buyers to stop by their office to discuss your concerns and answer any questions.
If you have any questions regarding land purchase, development procedures or building costs, please email us at email@example.com and we will try and provide you with the answers.