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
On November 9th, 2013, the Edward C. Gartland Youth Centre will celebrate its five-year anniversary in Providenciales, Turks & Caicos Islands. As a celebratory marker you are cordially invited to join us at Amanyara Resort on Saturday, 9th November 2013, for an elegant evening of cocktails, light fare and art. Click here to read more.
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
Building on the momentum of three recent sales, which were a result of a late spring promotion, SSIG, the developer of Seven Stars, is pleased to announce that, in order to the take the sting out the recent increase in stamp duty (to 10% on all purchases over $500K), they will cover the difference between the old and new stamp duty rates, a savings of nearly 5%, for all purchases closed by September 30, 2013. With only four units left, time is running out to own at Seven Stars with such favorable terms! Click on this link for pricing and availability.
Listing agents: Joe Zahm, joe@tcsothebysrealty.com 649.231.6188 and Lisa Lopes, lisa@tcsothebysrealty.com 649.231.4469
This past week our office was fortunate to be involved with the British West Indies Collegiate Work Experience Program for our second year. This program is set up by the faculty at the school whereby the Sixth Form students are placed within local businesses to enhance their learning experience and gain valuable knowledge in an effort to perhaps discover their future career.
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.
JZB and Turks & Caicos Sotheby’s International Realty
Raise $2,500 for the Ed Gartland Youth Centre
On April 29th, TCSIR President Joe Zahm and his band performed a stellar two hour show of original material to 150 enthusiastic participants on a starlit Monday evening at OPUS Restaurant & Wine Bar. Show highlights included the crowd pleasing Star Spangled Blues, Keep Playing, the inspiring anthem WhatudoWithWhatugot and a rousing finale of the Turks & Caicos Classic, Everyman.
The lovely and super talented Sally Greenwood opened the show with a selection of original material. Playing her acoustic guitar Sally warmed up the crowd with her ever so elegant voice and style. Click on this link to read more.
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.
Turks & Caicos Real Estate | Caribbean 