Market Overview

Turks & Caicos Real Estate Shows Solid Growth Through First Half of 2018


Overall market performance through the first half of 2018 has been consistently strong. This steady pattern shows that investors are recognizing the value in Turks & Caicos Islands real estate with the ease of access and use, beautiful location with amazing views, a low tax jurisdiction, population growth and first-rate infrastructure.

Providenciales, Turks & Caicos Islands (PRWEB) August 01, 2018

Turks & Caicos real estate continues to outperform most other countries in our jurisdiction. Visitors and owners from the US, Canada and beyond have discovered and coveted our award-winning beaches and island community, with many echoing the sentiment that they have found in the Turks & Caicos Islands a unique and highly accessible blend of compelling lifestyle, quality homes and properties, services and amenities unlike any other island chain in the region. There are several investment and lifestyle benefits that many have now discovered adding to the growth and development of the islands.

We are pleased to report that the five villas within the Beach Enclave Long Bay development are now sold and only two villas remain available out of the ten villas offered at Beach Enclave Grace Bay. The six beachfront villas at The Shore Club on Long Bay are all sold or reserved as Shore Club celebrates over a year of full operation since opening early 2017. The developers of Gansevoort Villas in Turtle Tail have recently added a 7th villa, Villa 5107, which will be the final villa of their first phase. Five of seven villas are now successfully completed, and six of seven sold, with only the newly introduced pre-construction offering remaining at $4.4 Million. The Gansevoort Villas will also soon be introducing a new villa design within a nearby phase II location which will be detailed in our next newsletter. Blue Cay Estate, located on the Leeward Channel, has successfully sold or reserved all of the 16 villas in their offering to date. All of these newly constructed villas will be posted as sold on our TCREA MLS system once they are fully completed.

Rock House Resort is well positioned to commence construction of the full project by early 2019, with over 70% sold and reserved out of the initial release. In response to this strong sales pace, Rock House has accelerated the release of their Hilltop condo area with only 3 beautifully designed, low density two-story buildings consisting of one and two-bedroom lock out residences and penthouses.

While new owners of pre-construction offerings look forward to the completion of their residences, real estate inventory supply remains relatively low in several sectors. There will; however, be more growth potential with new beachfront and waterfront villa offerings in the coming months and we will keep you posted on this real estate news.

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