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Turks and Caicos Real Estate – Year In Review 2024 YTD Comparison

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Real Estate Market Re-sets at Over Double Sales Volume Since 2020


Since the pivotal year of 2020, our real estate market has more than doubled over the prior pre-Covid period noting that from 2017–2020, the market averaged circa $282M in total sales volume compared to the following four-year period 2021-2024 which has averaged an astounding $710M, a 151% increase! Further to this, the average price point during the same four-year period increased dramatically from circa $824,000 to $1,442,000, a growth of 75%. This spectacular progression in $ volume and average price illuminates Turks and Caicos position as a true luxury destination where quality luxury property and worldly luxury buyers have found a happy place. 

Also of interest, over the past four years, led by great new development such as South Bank, The Strand, Beach Enclave North Shore Phase 2, Rock House, The Villas at Blue Mountain and The Summit – along with select significant sales, Single Family Homes have excelled, averaging $360M in $ volume vs. an average of $178M for condominiums which ultimately accounted for 67% of residential sales. Average price in the two sectors follows suit, with SFH average price of $2,592,000 trumping condominium averages of $1,357,000.

 However, while Single Family homes have ruled the day over these past four years, next gen condominium projects are now being heard from. With $363M in Pending (Under Contract) transactions, the preconstruction condominiums – led by The Point by Grace Bay Resorts, ARC Sky Villas at South Bank, Andaz Turks & Caicos by Hyatt, The St. Regis Residences and The Loren at Turtle Cove account for $240M of the $363M in residential sales (66%) – a complete reversal in market penetration! This next gen condominium boom can be readily seen from air and sea and road, whereas the major villa developments were more discreetly tucked away. With other amazing projects in the pipeline, our purchasers will have the best selection of inventory to choose from in the Caribbean!  

Significant Sales over $10M have shown steady growth, while the $20M+ market has expanded significantly since its first milestone sale on Parrot Cay in 2016. The luxury threshold continues to rise, with $30M+ transactions now occurring annually since 2023, establishing a new benchmark in the ultra-luxury segment. This pattern demonstrates the market’s sustained strength and evolution in the high-end property sector. With existing and in development significant estates now proliferating, it won’t be long until we see $50+ sales in our market, with $100M likely within the decade. Significant listings and sales of course make news, which is great for our jurisdiction as a luxury destination. 

As we look toward 2025, the growth and success of the luxury real estate market are poised to continue, securing the Turks and Caicos a top destination for investors and homeowners alike. 

Digital Flip-Book Link Here

Click on the Cover Photo below for the full report on Digital Flip-Book.
For a PDF version, click on the download button within the Flip-Book.

Find Turks & Caicos Sotheby’s International Realty past Market Reports link here.

About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a strong team of agents, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms, Point Grace and South Bank.

For more information please visit www.turksandcaicossir.com.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

Celebrating the Completion of Summit Curve Villa 5 on Blue Mountain

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Click to watch the completed Summit Curve Villa 4

Follow along as we showcase the unveiling of newly completed Villa 5, the first Villa in the Summit collection to be completed.

To much anticipation, TCI property developer Latitude 22 has now unveiled and delivered to its owner the first of its architecturally and environmentally innovative luxury villas. The Summit is a collection of exceptional custom villas, each of which offers panoramic views from the highest point in the Turks and Caicos Islands.

These modern, luxurious, and sustainable villas are designed to harmonize with their natural surroundings and provide their residents with a perfectly serene tropical escape. Latitude 22 emphasizes quality, style, and functionality, and is setting a new standard for eco-friendly, ‘Dark Sky’ compliant, solar-powered, sustainable development in TCI.

For ownership at The Summit, please contact the listing agent:

Courtney Chapman

+1.649.431.9517

courtney@tcsothebysrealty.com

@chourtney___chapman

About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Turks & Caicos Real Estate Association – TCREA 2024 Annual General Meeting

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The TCREA Annual General Meeting of 2024, held on November 21st at Opus, received an enthusiastic response, with the Conference Room bustling with engaged agents.

The 2024/2025 Executive Members expressed their heartfelt gratitude as they concluded a successful year. President Ian Hurdle, Founder and Director of The Agency Turks and Caicos, extended his thanks to every agent and broker for their valuable contributions. He urged members and agents to aim even higher as the real estate market of the Turks and Caicos Islands continues to thrive.

The 2024 members remain as follow:

  • President: Ian Hurdle, Founder & Director of The Agency Turks and Caicos
  • Vice President: Latoya Jones-Harvey, Turks & Caicos Sotheby’s International Realty
  • Treasurer: Richard Sankar, Turks & Caicos Sotheby’s International Realty
  • Secretary: Kirbymae Been Fulford, Christie’s International Real Estate
  • Ambassador: Thomas Watkins, Turks & Caicos Sotheby’s International Realty

The meeting concluded on a high note, filled with a shared sense of accomplishment and optimism for the year ahead. President Ian Hurdle expressed his excitement to collaborate with everyone, pledging his commitment to leading the association into another successful year.

North Caicos: The Emerging Gem in the Turks & Caicos Islands

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Building a Beach & Canal Front Boating Community on the Garden Island of North Caicos!

North Caicos is awakening to its potential as the new development island in the Turks & Caicos Islands. With the new ferry and port facility at Belfield’s Landing now online and expanding, to the promise of the airport reopening, along with a new FBO to accommodate private jets, and the North Caicos Yacht Club now offering many new canal front lots, as well as custom villas with an on island contractor and developer financing readily available, investment in North Caicos has never been more solid. 

Over the last couple of decades savvy investors have been purchasing coveted undeveloped beach front properties in North Caicos from Sandy Point to Whitby. These prospectors have been betting on North Caicos emerging as the “New Providenciales”. Although time has moved slowly, we are seeing positive signs of this inevitability. Proof of concept is already evident in the ultra-luxury development of Parrot Cay, the neighboring island to the west, with stunning multi-million-dollar beachfront villas, spa, restaurants, and beach club. 

North Caicos is not about exclusivity, in fact just the opposite. The island is about inclusivity, having opened its shores to international homeowner/investors looking for a slice of paradise and a throwback to the pioneering days of Provo, with modern comforts that come with the infrastructure already in place and slated for the future.  

The North Caicos Yacht Club, likened to an early Leeward on Providenciales, has all the makings of the next premier destination in the Turks & Caicos Islands, without the accompanying price tag. The North Caicos Yacht Club’s marina, beach club and restaurant amenities will offer North Caicos residents a new option for dining, entertainment, and relaxation.  Additionally, the NCYC developers have many years experience building on North Caicos which eases the new construction process on this outer island.

North Caicos offers a diverse range of real estate options, including canal-front residential lots, beachfront lots, and mixed-use properties. With three reserves already sold, this development is quickly capturing attention.

Prime Canal-Front Lots

  • 44 available lots ranging from 0.35 acres to 1.49 acres
  • Canal frontages from 60 Ft of Frontage to 308 Ft of Frontage
  • Starting at an attractive price of $265,000, these lots provide an exceptional opportunity for residents of Providenciales and beyond to secure canal-front living in a neighborhood already equipped with paved roads and underground utilities

Mixed-Use Lots

  • 7 remaining lots, ranging from 0.91 acres to 5.29 acres
  • Canal frontage from 150 Ft to 690 Ft of Frontage
  • Notably, one standout commercial lot features: 1090 Ft of Beach Frontage, 613 Ft of Canal Frontage and 1,512 Ft of Road Frontage

Building Plans Available

  • 1-bedroom canal front homes starting at $595,000
  • 3-bedroom canal front homes starting at $1,180,000
  • 4-bedroom canal front homes starting at $1,725,000

Click here for the latest video update.

Click here for the active listings.

About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

The Official Launch of South Bank: A Celebration of Vision and Community in Turks & CaicosThe Official Launch of South Bank

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On Tuesday, November 5, 2024, the long-anticipated South Bank development officially opened its doors, marking a milestone achievement in the Turks and Caicos Islands. The evening was filled with pride, excitement, and a profound sense of accomplishment, as government officials, developers, key community members, and—most importantly—the valued clients who believed in this ambitious vision came together to celebrate.

South Bank’s journey has been nothing short of remarkable. The project transformed from a dream into a stunning reality, redefining luxury living and embracing the natural beauty of Long Bay, Providenciales. The atmosphere of the evening was electric, with speeches, tours, and shared reflections that highlighted not only the architectural brilliance of South Bank but also the community and partnership that brought it to life.

Turks & Caicos Sotheby’s International Realty is honored to have been part of this incredible journey, from the first sparks of inspiration to the grand opening of a development that promises a new standard of elegance and island living. Here’s to the future of South Bank—may it thrive and bring joy to all who call it home.

About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

South Bank Resort & Marina: Welcoming Guests to a New Era of Luxury Holidays

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Turks & Caicos Sotheby’s International Realty is thrilled to celebrate the remarkable achievements of our partner, South Bank, on the beautiful shores of Long Bay, Providenciales. Today, as they officially unveil their iconic oceanfront resort and marina, we extend our heartfelt congratulations to South Bank and our best wishes for a successful season and continued prosperity in the years ahead.

About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

The Strand Recognized as One of the Eleven Spectacular Places to Stay in Turks and Caicos

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Renowned for its crystal-clear water and powdery white sand beaches, Turks and Caicos is a Caribbean paradise you’ll want to visit again and again. The landscape and wide range of activities promise to delight every time you go to the Turks and Caicos Islands, and while there are plenty of elevated accommodations already, several new properties are popping up on the archipelago. Within the next two years, eight major properties are slated to open, including an Andaz, a Kempinski and a Marriott Luxury Collection hotel. 

The country has 40 islands and cays, only eight of which are inhabited and perfect for a day of boat exploration or even hotel hopping from island to island. For those who want a truly secluded experience, there are also several private island hotels offering a serene and exclusive beach stay. There’s something for everyone in Turks and Caicos: family-friendly resorts, beach villas perfect for a group trip and luxurious rooms with an ocean view perfect for a romantic getaway. Best of all, this destination is a quick direct flight from multiple U.S. and Canadian cities, and there’s also a direct route from London.

THE STRAND

Opening November 23, The Strand Turks and Caicos, part of LHW, will be a sustainability-first property, with 75 percent of the resort’s power supplied by solar energy and a partnership with the Butterfly Pavilion to establish the Caribbean’s first Pollinator Sanctuary. The oceanfront resort will have single-bedroom suites, multi-bedroom villas, and private residences with a focus on indoor-outdoor living and hand-crafted infinity pools. Foodies will love The Delmar, an upscale beachfront restaurant serving fresh seafood, prime steaks, and globally inspired cuisine cooked on a wood-fired Parrilla. Activities ranging from water sports, tennis, pickleball and racquet sports will be offered; the resort will also feature a kids’ club, beach access and an exclusive marina with a Boston Whaler and private captain to explore nearby coves and beaches.

Find more information on The Strand Turks and Caicos HERE

Grand Turk tops searches for island destinations in 2024

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Grand Turk has emerged as the destination that American travellers searched for the most on Skyscanner over the last year.

In its 2025 Trending Destinations (Travel Trends) report, Skyscanner reported that Grand Turk was the most searched destination, among the top ten destinations that saw the biggest increases in searches over the past 12 months. 

Searches for Grand Turk increased by 528 percent, with the Turks and Caicos Islands being the top trending destination for those looking to relax in nature. 

“As travelers turn to social media for inspiration, Turks and Caicos Islands has seen increased interest as celebrities like the Kardashians, Biebers, and Drake and influencer brand trips have popularised the destination – showcasing its natural beauty and perfectly Instagrammable backdrops,” Skyscanner said in its report.

Minister of Tourism, the Hon Josephine Connolly expressed her delight with the results of Skyscanner’s analysis. 

“As the US market is our number one source market, I am very pleased to see that our American visitors continue to embrace the warmth, calm and beauty of our multi-island destination as evidenced by the searches for Grand Turk. 

“We are beautiful by nature and each of our eight inhabited islands offer visitors a unique experience.”

In reference to Grand Turk, she explained that Experience Turks and Caicos is working with other tourism stakeholders to create new tourism products and enhance the visitor experience there. 

“From new signage on historical sites to the November launch of a Taste of Turks and Caicos culinary event every Thursday during cruise ship hours to showcase local cuisine and culture to visiting cruise passengers, they are dedicated to positioning the nation’s capital as one of the top destinations within the Turks and Caicos Islands,” Connolly said.

The Cruise Capital of the Turks and Caicos Islands, Grand Turk is rich in history, a walk along the capital city Cockburn Town, transports visitors to an age when salt production was dominant and colonialists from Bermuda inhabited the island leaving behind their distinct architecture.

Grand Turk is also a key player in NASA’S history. After orbiting the Earth in 1962, Colonel John Glenn’s capsule touched down in the Atlantic Ocean east of the Turks and Caicos and his first step on dry land took place on Grand Turk. Today, a display paying homage to that landing resides in the Turks and Caicos National Museum and a replica of the capsule is displayed near to the JAGS McCartney Airport.

The museum itself contains a wealth of fascinating displays, including a 500-800-year-old Lucayan carved wood ceremonial chair, and artifacts from the Molasses Reef Wreck, which was the oldest European shipwreck excavated in the Western Hemisphere.

SOURCE: here

About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

Turks and Caicos Real Estate – 3rd Quarter 2024 YTD Comparison

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Luxury Tourism and Real Estate Growth Synergy


Turks and Caicos is riding a wave of incredible tourism growth this year, with the first five months already setting the tone for a record-breaking year.

Visitors from the U.S., Canada and other parts of the world are flocking to the islands, driving a 10.85% increase in air arrivals, from January to May of 2023. This trend shows no sign of slowing down. Turks and Caicos has even become the top-searched destination for U.S. couples and families on Google Flights. This success is credited to the efforts of our luxury marketers and loyal visitors.

Real estate in Turks and Caicos continues to thrive in tandem with the booming tourism sector, with the top three Single Family Homes generating nearly $50 million in total sales and the top three land transactions reaching $19 million. This quarter, the spotlight was on the land category, which saw the closing of some exceptional parcels, notably, a 20-acres parcel on North West Point closing at $7.5M. These high-profile deals reinforce the islands’ reputation as a premier luxury destination, showcasing immense growth potential and a growing investment appetite for properties in the outer islands.

The islands are truly on the rise, in more ways than one!

Digital Flip-Book Link Here

Click on the Cover Photo below for the full report on Digital Flip-Book.
For a PDF version, click on the download button within the Flip-Book.

Find Turks & Caicos Sotheby’s International Realty past Market Reports link here.

About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

SOUTHBANK Prepares for Resort Opening as Boathouse Construction Reaches Completion

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Door to Shore

If you’re looking to live in a village-like community next to neighbors with shared passions, one of the Boathouses at South Bank could be a perfect choice. Cleverly designed to maximize the use of space and light, each imbues a warm contemporary aesthetic. The Boathouses are conveniently located on the marina waterfront, each with its own private dock, keeping your boat close at hand for when the ocean calls. In groups of no more than 10 houses, the Boathouses offer the perfect balance of community, views and space.

A central Boathouse area includes a pool equally suited for sun worshippers and keen swimmers. Spacious areas with loungers, hammocks, BBQs, changing rooms and bathrooms provide the ideal environment for enjoying South Bank with friends and family.

On the market:

4 Boathouses are on the market

About Turks & Caicos Sotheby’s International Realty
Turks & Caicos Sotheby’s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the world’s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firm’s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.