Providenciales is the island that is developing
the fastest and it has the most activity. It has good infrastructure
to support investment. With paved roads and a planned state-of-the-art
40 bed hospital being completed in 2010 the investor’s comfort
level in choosing the Turks and Caicos Islands has never been stronger. There
are many condominiums to choose from along Provo’s beautiful
beaches, from less expensive entry point resorts to the high-end
resorts like Grace Bay Club, Point Grace, Somerset and the Regent
Palms. The Casabanca on Grace Bay Road was renovated and opened
a casino in June 2007.
Prices of Provo’s freehold homes range from as low as US
$200,000 to $17 million plus. Land without buildings can start
at $20,000 per acre and go up to several million on a good beachfront
depending on the island.
Most of the tourist related businesses are concentrated in the
Grace Bay Beach area and Leeward Highway. Restaurants, nightclubs,
dive operations, golfing and shopping are available in Providenciales. Currently,
all international flights arrive and depart from Providenciales
airport. In October 2007 Skyking was bought out by Air Turks
and now there is only one local carrier that flies to all of the
islands in the Turks and Caicos. Population is approximately
23,000 residents. |