The Turks & Caicos Real Estate Market continues to be led by the strong performance of the luxury sector. Condominium sales were up 82% over Q1 of last year in $ volume and Single Family Home sales were up a whopping 279% in $ volume.
by Turks & Caicos Sotheby’s International Realty
As we ring in 2014, Turks & Caicos Sotheby’s International Realty (TCSIR) celebrates another record year, and our fourth consecutive year in the number one market share position, on the strength of the production of a great team. Link to complete report.
by Turks & Caicos Sotheby’s International Realty
Relaxed Third Quarter follows Stamp Duty increase
At the ¾ pole of this year, the market is 8.55% ahead of last year on the momentum of a strong Q2 which showed a 30+% increase in sales dollar volume over last year. Q3 however, slowed with a 20% decrease in sales dollar volume. This can be attributed to the following factors: Link to complete report
Proud developer/owner Adrian Elliot throws a house warming celebration to thank all involved in the project and to showcase the property, Saving Grace, to the TCI Community. Attendees included, amongst other Provo residents and friends, leading Brokers, Sales Associates, Attorneys & Property Managers, who soaked up the opportunity to whet their palettes and indulge in all that is Saving Grace. The plush $8,000,000 property sat perfectly positioned to provide its guests with a peaceful ambience, using nature’s sunset as its backdrop and the gentle lapping of the ocean as its soundtrack.
The exquisite beachfront home is a new build and unique design located in the up-scale residential neighborhood of Leeward on Pelican Beach. Guests entering the event marveled at the 23-foot foyer with mahogany staircase leading to the upper level, but found themselves instinctively gathering in the 930 square foot kitchen and informal dining area of this custom built family home. Canapes and refreshments were displayed and up for grabs along a walnut island, serving as the focal point of the fully equipped kitchen. Other guests filtered their way out to the terrace to feel the cool ocean breeze and converse around the 42-foot swimming pool and many outdoor lounge areas set amidst spectacular landscaping and beach views.
Project Builder: AND; Project architects: COAST; Landscaping: Environmental Arts; Interior Decorating: Adrian Elliott; Property Management: The Source
Listing Agents: Richard Sankar, Imelda Burke & Nina Siegenthaler of Turks & Caicos Sotheby’s International Realty
LINK TO LISTING
MLS #1300368
Turks & Caicos Sotheby’s International Realty
After a tepid start to the year, Turks & Caicos had a strong second quarter to finish the first half of the year up 16.9% in dollar volume over last year. This increase is mostly based on the 16.5M Grace Bay beach transaction to the same Venezuelan hotel developer (Desarrollos Hotelco Turks & Caicos Ltd. (DHTCI)), behind the JW Marriot project to the west of Seven Stars. In addition, the July 1st increase in stamp duty fueled a number of deals into late June closings.
Joe Zahm, President, Turks & Caicos Sotheby’s International Realty
t. 649.946.4474 c. 649.231.6188 turksandcaicossir.com
Turks & Caicos Sotheby’s International Realty is pleased to invite you to an Open House at this newly built home in Grace Bay Hills, Wednesday, May 29th, 12 to 3pm, which will be hosted by our Sales Executive, Imelda Burke. We welcome anyone who would like to view this property. For further details of this listing please click on this link to our website.
Turks & Ca
icos Sotheby’s International Realty is pleased to offer an Open House for our Provo Golf Club listings, Tuesday, May 28th, 12 to 3pm, which will be hosted by our Sales Executives, Imelda Burke, Dee Agingu and Lizzie Foster. We welcome anyone who would like to view our collection of properties within the golf club community. For further details of these listings please click on this link to our website.
Turks & Caicos Sotheby’s International Realty is pleased to offer an Open House for our newest listing which will be hosted by our Sales Executives, Richard Sankar and Imelda Burke. We welcome anyone who would like to view this beautiful beachfront villa. For further details of this new listing please click on this link to our website.
April 20, 2013 | 12:00 pm
The government of Turks and Caicos is planning to introduce several measures aimed at improving revenue collection and generating new revenue.
Chief among them is the planned increase in hotel tax to 12 percent from 11 percent, which will take effect July 1. The government said it is asking hoteliers to “adjust their advertised rates accordingly.”
The government is also amending the schedule of the Stamp Duty Ordinance; where the amount of consideration is $25,000 – $250,000 the duty works out to $6.50 for every $100 (or 6.5 percent; where consideration is $25,001 – $500,000, or $8 for every $100 (or 8 percent) and where the consideration is greater than $500,000 or $10 for every $100 (or 10 percent).
The government said both measures were modeled as alternatives to the introduction of the Value Added Tax, which was withdrawn by the UK government after widespread opposition in the territory.
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By the Caribbean Journal staff
Las Brisas Restaurant and Neptune Villas are located on 5.80 acres in Chalk Sound; one of the most unique settings in Providenciales, Turks and Caicos Islands! This tranquil waterfront property is nestled amongst lush tropical landscaping and set on a sanctuary with over 375 uninhabited Cays. This listing boasts an amazing combination of seclusion and serenity on 2 coveted private beaches (575 ft. beachfront on the north and 500 ft. of beachfront on the west) along with an expansive 20 X 40 pool plus pavilion for sunning during the days and stargazing by night. Also adding to the charm of this listing is an enchanting canal trickling throughout the property! The first of the businesses for sale is the very popular waterfront Las Brisas Restaurant & Bar built in 2006. A well-established eatery featuring seating for 120 people on an open 2,525 sq. ft. area, plus a gazebo with cooling tropical “brisas” and unparalleled hues of the dazzling iridescent waters of Chalk Sound! In addition to the Las Brisas Restaurant, this property listing includes the Neptune Villas built in 1987; a collection of ten 1,200 sq. ft. 2 bed/2 bath vacation villas PLUS one 1,500 sq. ft. 3 bed/3 bath Villa. Each villa is fully furnished and equipped with kitchen, living/dining room, and private balcony. Also included in the purchase price is “Las Brisas Pontoon”, an onsite vessel for hire company and an excellent addition to the restaurant and villa business! The inventory includes: 4 double kayaks, 2 single kayaks, 4 paddle boats, 4 canoes and a 25′ pontoon boat with a 125 hp Mercury Cruiser. A perfect way to enjoy the peaceful turquoise waters of Chalk Sound! This rare commercial investment offering is the only restaurant/resort type of property in the Chalk Sound area; complete with all three current business licenses, liquor license and full inventory. View our website for full gallery of photos: http://www.turksandcaicossir.com. Listing Agent: Heather Simpson-Forbes, 649.242.5310, heather@tcsothebysrealty.com
Turks & Caicos Real Estate | Caribbean 