AN OVERNIGHT SENSATION . . . AFTER 30 YEARS
Over the past few years we have been predicting that the market trend was to continue upward based on all of Pending transactions on our TCREA MLS system. We are pleased to display this year end report that exceeded our expectations and still with $175M+ Pending deals to close out throughout this coming year.
THIRD QUARTER SHOWS REAL ESTATE THRIVING THROUGH 2018
We are pleased to show the 3rd Quarter Market Report with a continuing robust and strong output throughout 2018. We expect this performance to strengthen into 2019 and beyond as the new villa developments that have sold out, namely Beach Enclave Long Bay, The Shore Club Villas, and Blue Cay Estate, will be posted into the MLS system as their construction comes to an end. Meanwhile, we will announce new real estate investment opportunities coming to market this November and in early February.
SECOND QUARTER SHOWS SOLID GROWTH THROUGH FIRST HALF OF 2018
Turks & Caicos real estate continues to outperform most other countries in our jurisdiction. Visitors and owners from the US, Canada and beyond have discovered and coveted our award-winning beaches and island community, with many echoing the sentiment that they have found in the Turks & Caicos Islands a unique and highly accessible blend of compelling lifestyle, quality homes and properties, services and
amenities unlike any other island chain in the region. There are several investment and lifestyle benefits that many have now discovered adding to the growth and development of the islands. Click here to read more . .
The Real Estate Market Remains Steady: This 1st Quarter of 2017 shows 5% more in sold listings but with a 33% lower dollar volume due to longer closing times causing a soft 4th Quarter in 2016 and the fact that the 1st Quarter of 2016 recorded a significant sale in Parrot Cay of $27.5 million. Click here to download the report.
Turks & Caicos Sotheby’s International Realty
STRONG FUNDAMENTALS LEAD TCI EVOLUTION
Well, the word is out – really out! From mentions on late night TV talk shows, to articles in high profile magazines, and postings on celebrity Instagram accounts, Turks and Caicos is generating strong buzz as the destination for cool, hassle free, luxury vacations. This recognition has translated to strong growth in tourism and real estate. This buzz and growth, however, would not be possible without strong fundamentals such as quality beaches, water and climate, quality tourism and real estate product, ease of access and use.
TCI REAL ESTATE MARKET HEALTHY, STURDY AND CONSISTENT
Rather than focusing on the specifics of Q3 of this year, it seems like a good time to emphasize that our market has grown in a strong and rational manner over the past several years. Link to full report.
