Turks & Caicos Islands Real Estate Winter/Spring 2023/24
This magazine contains MLS listings from the Turks & Caicos Islands Real Estate Association members. It is the most up-to-date magazine of local real estate. It also includes features on the industry.
This magazine contains MLS listings from the Turks & Caicos Islands Real Estate Association members. It is the most up-to-date magazine of local real estate. It also includes features on the industry.
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COURTESY CORCORAN TURKS & CAICOS<br />
Leeward Reserve is a new luxury community in Leeward with completed villas, under-construction villas, and lots available for sale.<br />
This “refined and upscale community” will include the Opal Wellness Centre, dedicated to the healing of mind and body.<br />
average prices, highlighting the appeal of this segment. As<br />
a myriad of new projects are in the pipeline to replenish<br />
supply, the market remains dynamic and ripe. The TCI<br />
Government has introduced reduced stamp duty for land<br />
acquisitions in the family islands, new developments, or<br />
first-time condominium sales throughout the <strong>Turks</strong> &<br />
<strong>Caicos</strong> <strong>Islands</strong> in order to incentivize real estate investments<br />
and emerging enterprises.<br />
In the condominium sector, new development inventory<br />
is in high demand, with quality units typically selling<br />
quickly and at excellent prices. With projects like The<br />
Point by Grace Bay Resorts, The Loren at Turtle Cove,<br />
The Andaz Residences at Grace Bay, ARC at South<br />
Bank, Leeward Reserve, The Sanctuary, and St. Regis<br />
<strong>Turks</strong> & <strong>Caicos</strong>, the future looks promising.<br />
The TCI Government—and by extension Invest<br />
<strong>Turks</strong> & <strong>Caicos</strong> (Invest TCI)—is committed to promoting<br />
investment, economic development, and partnerships<br />
within the <strong>Turks</strong> & <strong>Caicos</strong> <strong>Islands</strong>. Their participation<br />
in the USA-Caribbean Investment Forum <strong>2023</strong> is a testament<br />
to their mission and dedication to contributing<br />
to the sustained development of the Caribbean region<br />
through investment and collaboration.<br />
In conclusion, the <strong>Turks</strong> and <strong>Caicos</strong> <strong>Islands</strong> are experiencing<br />
a season of growth and opportunity, with the<br />
completion of the Norman B. Saunders Sr. International<br />
Airport opening new doors for investors and travellers<br />
Compelling reasons for investing in the <strong>Turks</strong> &<br />
<strong>Caicos</strong> <strong>Islands</strong> are:<br />
Tax Benefits: The <strong>Islands</strong> have a historically low tax<br />
environment, with no corporation taxes or exchange<br />
restrictions, no income taxes on property income, no<br />
capital gains taxes on property sales, and no estate or<br />
inheritance taxes.<br />
Currency: The dominant currency in use is the<br />
United States dollar, offering both financial security<br />
and convenience for transactions.<br />
Steady Appreciation: Property values in the <strong>Turks</strong> &<br />
<strong>Caicos</strong> <strong>Islands</strong> have steadily increased over the past<br />
decade, making it a promising location for long-term<br />
investments.<br />
Tourism Growth: TCI has seen a steady increase<br />
in tourism, establishing itself as a favoured spot for<br />
travellers, including a significant number of returning<br />
visitors.<br />
Accessibility: The <strong>Islands</strong> offer one-stop flights from<br />
major international cities, including London, making<br />
it convenient for investors and vacationers alike.<br />
alike. Whether you’re considering real estate investment<br />
or exploring partnerships in the Caribbean, this vibrant<br />
destination offers a wealth of prospects for a bright and<br />
prosperous future. v<br />
40 <strong>Turks</strong> & <strong>Caicos</strong> <strong>Islands</strong> <strong>Real</strong> <strong>Estate</strong> – The Official Magazine of the <strong>Turks</strong> & <strong>Caicos</strong> <strong>Real</strong> <strong>Estate</strong> Association