The Turks and Caicos Islands Real Estate Market Report Q2 - 2017
Q2 2017 Market Report The Luxury Villa Market Continues To Be The Leading Sector In The Turks and Caicos Islands Real Estate Market. In analyzing the data from actual recorded sales, it clearly shows that the Luxury Villa Market continues to make significant gains, remaining a firm leader in todays market. With a significant increase in ‘Dollar Volume of Sales’ over the previous period in 2016 the Single Family Home Category increased 25% in the actual listings sold, converting to an increase in Dollar Volume of sales from $56M to $60M. A great deal of this is due to new and exciting inventory now coming to market, either through the exclusive and intimate villa enclaves, or such innovative projects as Rock House in Blue Mountain, The Beach Enclave in Leeward, or the soon to be released Villas on Grace Bay Beach. Its important to know that roughly $170M in residential sales are currently moving toward contract, something that will significantly increase our sales numbers throughout the remainder of 2017 and into 2018. As such, this will most likely show that 2017, whilst slow to get moving through the first quarter will in-fact supersede sales of 2016. The general consensus is that most of the initial slow movement in the market was due to the US elections. The Condo Resort Market has recently been less active than in previous years, recording a dip in ‘actual sales’ of 34% (Year-To-Date). Its clear that supply and demand is the motivating factor for this dip as n ew inventory is needed to once again stimulate sales. The positive news is that the Turks and Caicos Islands currently have several great Condo/Resort modeled projects in the pipeline, such as The Ritz, The W, Le Bisha, and Turtle Cova Resort and Marina. Given the information above as it relates to these individual sectors, it is important to remember that the Total Real Estate Market for the Turks and Caicos islands has increased in the Second Quarter of 2017 by 22%, as compared to 2016. Combined with the dollar volume of real estate currently heading toward contract, and the pipeline of new projects mentioned earlier, we should see ourselves in a very strong position heading out of the year and into 2018.
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.
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
Reef House/Grand Turk
MLS#1600424
Contact Robert
Greenwood at: Robert@tcibrokers.com or Direct: (649) 432-7653
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
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