Evolution
of Real Estate and Condo Development in Turks and Caicos Islands
The
Turks and Caicos Islands continue to experience a steady
economic growth, in great part due to the expansion of development
and real estate sales.
This evolution will continue to make these Islands a place for people
to come and invest in and enjoy. The natural beauty, white sandy
beaches and turquoise waters are some of the best in the world.
There has been continuous appreciation in real estate prices over
the past few years and there are still plenty of opportunities for
investors here.
Tourism and land development drives the TCI economy.
More direct flights out of New York, Charlotte, Atlanta, Miami,
London and Toronto has increased the number of people visiting the
islands to over 200,000 this past year.
The straightforward purchase and sale procedures on the Islands
are attractive to the potential investor, and also appealing is
the fact that the Crown guarantees title.
The US dollar currency and a stable government instil confidence.
Economy-focussed incentives, a skilled workforce, no income tax,
no annual property tax, no capital gains tax, a low crime rate and
state-of-the-art technology together make these Islands a wonderful
choice of location for international investors who want to buy land,
a condo, a house or even looking to create a business in the Caribbean.
Constant easterly breezes keep these Islands comfortable with the
coolest months averaging in the 70s and the warmest months averaging
in the low 90s. The average rainfall is 40 inches a year with the
Autumn as the rainy season, although the rain never lasts very long,
before the day goes back
to being sunny and warm. |