Turks & Caicos Real Estate 2ndQ Market Report 2015

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TCI REAL ESTATE MARKET CONTINUES TO STRENGTHEN
The Turks & Caicos real estate market continues to show strong growth in all major segments. Over the first
two quarters, the overall market is up 27.7% in $ volume over last year for the same time period. Sold listings
are up 15% and overall average price is up around 10%, as purchasers continue to seek quality, well priced

Press Release – BE Long Bay – Beachfront Villas

Turks and Caicos Real Estate

The creators of the acclaimed BE Beach Enclave on International Drive, are proud to announce BE Long Bay, an enclave of 5 luxury beachfront homes on a stunning stretch of Long Bay beach, recently rated one of the world’s finest beaches and home to some of the most exclusive estates in Turks and Caicos. The property has a 520′ long and 75′ deep beach – just a short walk from the new Shore Club resort, and only a mile and half from Grace Bay. BE Long Bay is sophisticated, barefoot Caribbean beach living at its best.  Click here to read more.

The Village At Grace Bay Commercial Opportunity

Turks and Caicos Real Estate

Providenciales is Turks & Caicos’ cosmopolitan center with Grace Bay in the heart of the bustling economy, active with investor and tourism growth. Originally launched in 2004, ahead of its time, The Village At Grace Bay was designed to be part of the heart center with retail shops, restaurants, mixed use commercial and residential offerings creating a community environment in a central location for both residents and tourists alike. With the growth of Grace Bay in the past eight years providing the much needed addition of a wonderful array of retail, dining, spas and services, The Village At Grace Bay is now primed to fill the needs of the overflow of commercial and mixed use development.

Click here to read more.

Turks & Caicos Real Estate 1stQ Market Report 2015

Turks & Caiocs Islands

The Turks & Caicos Real Estate Market continued its solid performance in Q1 of this year, pretty much matching the performance of Q1 of 2014 at circa 61M in Closed Listings. There are, in addition, 39 Pending transactions in the MLS that should close later in 2015 or in early 2016, highlighted by the pending sale of the magnificent Leeward beachfront villa, Amazing Grace (listed at 17.9M).  Click here to read more.

By Joe Zahm, President & Denise Douglas, Marketing Manager

Turks & Caicos Sotheby’s International Realty

 

Turks & Caicos Construction Update – The Dunes Villas

In early September 2014, The Dunes Development ( #turksandcaicos ) broke ground on the first building of a two villa micro-resort concept  and design which, after completion, will be managed by Grace Bay Resorts, the leader in the short term rental market in  Providenciales with Grace Bay Club, The Estates at Grace Bay Club, West Bay Club and the new villas The Residences.  The Dunes will be a welcome addition to Grace Bay Resorts rental portfolio. We welcome you to view our April 2015 construction update. Click on the picture below to download the 6 page PDF update.

Turks and Caicos Real Estate

 

Turks and Caicos Signs Deal for $224 Million Ritz-Carlton Hotel Project

Grace Bay Beachfront

April 2, 2015 | 4:29 pm |  Grace Bay Beach pictured above

The Turks and Caicos Islands government has signed a development agreement with Desarrollos Hotel Group to build a $224 million hotel, resort, casino and spa project in the British Overseas Territory, Caribbean Journal has learned.

The project, which would be located in the Grace Bay area of the island of Providenciales, would include 124 hotel rooms, penthouses, resort residences and associated facilities, according to the government.

Ritz-Carlton Hotels Company will manage the property.

“This European Plan style hotel development provides a welcome diversification to the TCI tourism sector as it is more of a traditional hotel, rather than the previously prevalent condominium model in the TCI,” said Turks and Caicos Premier Dr Rufus Ewing. “At the same time, it further develops the luxury tourism offering in this destination with the addition of such an important luxury brand in Ritz Carlton.”

Desarrollos has been developing a number of hotels in the Caribbean region in the last few years, most notably the Ritz-Carlton Aruba.

It owns four Marriott hotels in the region, including the aforementioned Aruba property.

The government said construction work was anticipated to begin in November 2015 and would last “approximately three years.”

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By Alexander BritellThe Caribbean Journal

 

The Shore Club Newsletter – Long Bay, Turks & Caicos Islands

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Link to The Shore Club Newsletter

Turks & Caicos News – Sailrock Construction Update

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March 18, 2015

Today marks the one year anniversary of The Villas At Great House Groundbreaking Ceremony and we are pleased to present the following construction update.   Click on the picture or this link Sailrock Update to view our six page report.
Turks & Caicos Sotheby’s International Realty

House Hunters International Discovers Salt Cay

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Tune in to HGTV as House Hunters International discovers Salt Cay, Turks & Caicos – a charming island southeast of the main island of Providenciales.  Steeped in history this sleepy little island is pure relaxation in a rustic setting.

Link to HGTV Episodes

Link to Compass Rose Cottage, Salt Cay

PARROT CAY ANNOUNCES NEW BEACH HOUSES AND PARTNERSHIP WITH TURKS & CAICOS SOTHEBY’S INTERNATIONAL REALTY

PC.PressReleasePARROT CAY ANNOUNCES NEW BEACH HOUSES AND PARTNERSHIP WITH TURKS & CAICOS SOTHEBY’S INTERNATIONAL REALTY

Celebrating its 16th year of award-winning operation, PARROT CAY by COMO remains the enduring favorite Caribbean retreat, offering the perfect balance of service, comfort and exquisite natural beauty – all within just 3.5 hrs from New York City and 1.5 hrs from Miami. Parrot Cay is now in full bloom, the benchmark for personalized service, iconic island style, and yoga and spa retreats in the entire region.  Link to more information.