Q1 2017 Real Estate Market Report

The Turks and Caicos Islands Real Estate Market Report Q1 - 2017

Q1 2017 Market Report The Turks and Caicos Islands Real Estate Market Shows Over $100,000,000 In Transactions Ready To Go To Contract !!

Whilst the appearance of todays market shows that we have experienced a slight slowing, we actually show well over $100 million dollars in sales that are are heading toward contract stage. As such, it is yet to be seen if the market has slowed, or if it is a shift that will provide for stronger sales in the year to come.

In many cases the real estate market does track closely to the tourist market trends given that much of the islands real estate is acquired by overseas investors. As such, 2016 marked a record setting year for the destination; for the first time the Turks and Caicos Islands received more than 400,000 stopover arrivals through our international airports and fixed based operations. Despite political uncertainties, security concerns and economic challenges in our major source markets, stopovers to the destination grew by a robust 17.5 percent in 2016 totaling 453,612 arrivals when compared to 385,531 arrivals in 2015.

For a consecutive year, the destination recorded growth in each month of the year and within the overwhelming majority of its major source markets. The growth rate ranged from a 27.4 percent increase in stopover arrivals recorded in September to a 7.5 percent increase in December of 2016. Lead by a strong first half, the destination welcomed 137, 641 stopover arrivals in the first quarter, an 18.5 percent increase in stopover arrivals when compared to the same period in 2015. Similarly the second quarter saw a 22 percent increase in stopover arrivals when compared to the same periods in 2015, welcoming 121,413 stopovers. The month of March saw 50,913 stopover arrivals, the most stopover arrivals of any month in 2016.

Grace Bay Beach Villas.

Offered at: US$6,950,000

Welcome to the newest luxury villa enclave in the Turks and Caicos Islands.

The new Grace Bay Villa development presents the unique opportunity of owning an exclusive luxury villa on one of the best beaches in the world. A rare and unique opportunity in todays market, where real estate prices dictate higher density usage of such prime beachfront real estate.

Coupled with continued recognition by the global market place and those who are ‘in-the-know’’, such as Conde Nast and Tripadviser, numerous awards have been bestowed on us such as ‘best islands in the world’, and for Grace Bay Beach, one of the best beaches in the world we have created a winning combination The villas are a spectacular 7,300 square foot fusion of Caribbean and Balanesian styles, blending perfectly into the beachfront surroundings with effortless luxury. Two options are available and offered at Grace Bay Villa, each providing flexibility and thoughtful design regardless of the homeowners needs.

We also understand that in todays market there is a definite desire for an extra level of privacy and service. Through the collaboration of our professional management team, Grace Bay Villas will offer unparalleled resort service, with a level of homeownership not yet realized throughout the Grace Bay area.

Grace Bay villas will offer 24/7 service, management, property maintenance, and an option to be included in the rental management program.

As part of the Grace Bay Villa experience, owners will enjoy the convenience of the full service arrivals, private chefs, housekeeping services, a fully equipped Gym, Yoga facilities, and of course access to one of the worlds most beautiful beaches.

Grace Bay Beach Villas.

Offered at: US$6,950,000

Grace Bay Beach Villas.

Offered at: US$6,950,000

Grace Bay Beach Villas.

Offered at: US$6,950,000

Offered at: US$6,950,000

Bed 1 17’-2” x 14’-4”

Utility & Laundry

Bath 1

Closet

Bed 1 private terrace

Daybed Cabana

FF

Owners Closet

Grace Bay Beach Villas.

MEP

MEP

Pdr Bed 3 17’-2” x 12’-6”

Cook Kitchen

Bath 3

Lobby

Sink

Double Lounger

Timber Pool Terrace

Terrace with pergola above

Great Room 34’ x 24’

Covered Terrace 45’ x 15’

Covered Entry Porch

Pool 48’ x 24’ Double Lounger

Fire pit & built in daybed

Bed 2 Private Terrace

MEP

Closet

Bed 2 17’-2” x 13’-6”

Bed 4 17’-2” x 12’-6”

Bath 4

Bath 2

Outdoor Shower

Outdoor Shower To Beach

4

BEDROOM

VILLA

–

LEVEL

ONE

PLAN

Entry Garden and path to Guest House

Long Bay Beach Club.

MLS#1600714

Offered at: US$1,100,000

Long Bay Beach Club Villas are situated in one of Provo's most exclusive private residential areas.

These luxurious beachfront Club Villas combine an unsurpassed level of service excellence with contemporary Caribbean living at its best.

Ownership at the Club is made simple and worry free! Own a piece of Paradise for a FRACTION!!! Individual homes, each with their own infinity pool, offer the discreet living of a private boutique resort experience. Each villa, with over 7,000 square feet of indoor/outdoor living and five bedrooms creates a perfect hideaway.

Enjoy a range of other activities and five-star services, combining for a truly unique vacation. Ownership at the Club is acquired on a fractional basis and is a popular way for members to own and enjoy resort real estate. The Club Membership approach to home ownership reduces the capital expenses of purchasing a second home and eliminates the associated maintenance hassles.

Give your family the experience of a luxurious vacation home without the additional worries or cost of full ownership of a second home. As an owner, you receive a one-tenth deeded interest in a brand new beautiful beachfront villa in Long Bay, Turks & Caicos.

Fractional ownership is the smartest way to own multiple homes for partial use all year long. You can reserve your residence for friends, family or even multiple residences for a larger group or family reunion. Enjoy a practical way to own a second home on the beautiful beaches of Turks & Caicos.

Details at a Glance: Square Feet: 7,000 Bedrooms: 5 Bathrooms:6 Lot Size: 2 acres 3 Story Beach Property

Long Bay Beach Club.

MLS#1600714

Offered at: US$1,100,000

Long Bay Beach Club.

MLS#1600714

Offered at: US$1,100,000

Long Bay Beach Club.

MLS#1600714

Offered at: US$1,100,000

Reef House/Grand Turk

MLS#1600424

Offered at: US$1,495,000

Your own little piece of paradise, the Caribbean of yesteryear with a modern touch.

Details at a Glance: Square Feet: 4,000 Bedrooms: 4 Bathrooms:3 Lot Size: 0.90 2 Story Beach Property New Construction: 2015 Description: A beautiful lifestyle opportunity with income potential. Reef House is located directly on the beautiful Pillory Beach in the nations historical capital of Grand Turk. Imagine a beachfront retreat where you can enjoy a relaxing lifestyle in a newly constructed and decorated property. Geared toward the short term rental market that continues to gain in popularity, each of the 700 square Beachfront Suites have been designed to treat potential vacationers to their own peaceful spot on the beach. The shallow and deep clear waters (average temp. 84F), make it ideal for swimming and snorkeling.

The beach is located in a protected marine park so you can take in the vibrant views and abundant sea life along the reef just offshore.

If you love to dive you will love diving in the deep blue waters along the 7000 foot wall.

You will find a vibrant outdoor living area within the screened-in veranda /porch surrounded by nature. The veranda faces the ocean embracing beautiful breezes as you sip your morning coffee or evening cocktails whilst watching stunning sunsets. "Reef House" boasts an open concept living space with a direct unobstructed view of the ocean from the living and dining areas.

Well equipped kitchens are designed to make them a great space for cooking and entertaining. Each Beachfront Apartment Suite has a queen size bed, stainless steel appliances, bright bathrooms, great water pressure, air conditioning, concrete floors, and modern decor.

Virtual Tour Click HERE _ REEF HOUSE Contact Robert Greenwood at: Robert@tcibrokers.com or Direct: (649) 432-7653

Reef House/Grand Turk

MLS#1600424

Offered at: US$1,495,000

Reef House/Grand Turk

MLS#1600424

Offered at: US$1,495,000

Reef House/Grand Turk

MLS#1600424

Offered at: US$1,495,000

The Ritz-Carlton Residences: Regency Charities is pleased to announce the opening of the Ritz-Carlton Residences Sales Centre.

The Five-Star Ritz-Carlton Resort and Residences boasts a contemporary design, spanning 688 linear feet on world famous Grace Bay Beach.  With 10.5 acres of breathtaking views, a 125-guestroom hotel, 60 private condominium residences, two restaurants, spa and casino, the resort will set the new standard for luxury in the Caribbean. For more information on the Ritz-Carlton Residences contact walter@tcibrokers.com or visit our sales center, open from 9am to 5pm Monday to Saturday.

Luxury Real Estate Specialists Regency-Christie’s International Real Estate Suite B202, The Regent Village, Regent St, Grace Bay, PO Box 973, Providenciales, Turks & Caicos Islands, BWI Office (649) 941 4100 Int. Tel (954) 636 1426; (954) 284 4053 Int. Fax (954) 206 0989 info@tcibrokers.com