Preconstruction and existing Condominiums in Providenciales and Sister Islands
Preamble to the Condo Market in the Turks and Caicos
In the year 2008 the economy in the United States and the World including
Turks and Caicos
began to shift financially and has contiunued to have an effect of
investments and building
going on in the islands and outside of the islands. Several condo developments
got caught in
financial problems and were not able to continue and other projects
slowed down because
there were a reduction in investors coming to buy. This is continuing
and resulting in a
slowdown in the market place as it relates to condo sales. Occupancy
for resorts are down this past
year and in 2009 and will go into 2010 with numbers down for rentals
and for investments.
Recovery will happen but it will be a slow recovery and will be good
in the long run.
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| Ask
Peter to email a printable Turks and Caicos condo resort overview
document or call him at (649) 231-2979 or internet phone at (416) 619-0746 |
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