TCI REAL ESTATE MARKET GROWTH INTENSIFIES THROUGH FIRST THREE QUARTERS OF 2015
Over the first three quarters, the overall Turks & Caicos real estate market was up nearly 50% in $Volume over the same period last year (from $140M to circa $210M).
Stephen M. Wilson QC (Partner, at Graham Thompson), Lisa Lopes (Sales Executive) & Karen Biker (Director/Sales Executive) at Turks & Caicos Sotheby’s International Realty.
Karen Biker & Richard Sankar hosted a cocktail party at G’wynt A Mor on Thursday 5th November, 2015 which included influential people in the luxury real estate market on Providenciales, Turks & Caicos Islands. The event was catered by Opus and in attendance were real estate attorneys, sales agents and property developers. This is the first in a series of events that Turks & Caicos Sotheby’s International Realty is hosting to kick off the selling season.
Link to information on G’wynt A Mor – listed by Turks & Caicos Sotheby’s International Realty.
North America’s Team Spirit Unable To Capture Victory This Year!
The Provo Golf Ryder Cup, again sponsored by Turks & Caicos Sotheby’s International Realty, witnessed some great match play golf on route to an International Team repeat victory over The North American Team. In a narrow 4 point result (21.5 to 17.5) The International Team again controls the coveted cup after the two day event which had 52 golfers compete head to head in the popular format. The win increased the International Team’s impressive historic overall lead to 16 vs. 7 as they seem both unfazed and unstoppable in winning nine of the last ten years. Andrea Todd and Grant Noble captained the Internationals who eased into to a slight 7 to 6 first day lead in the Saturday best ball format. North American captains Mike Eddy and Fraser Dods united their team for Sunday’s singles play as their side came out early with excellent results in the first 6 ladies matches before ultimately falling to the Internationals on Sunday by a convincing result of 14.5 to 11.5.
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Dave Douglas, Provo Golf Club – October 27th, 2015
PARROT CAY BY COMO IN PARTNERSHIP WITH TURKS & CAICOS SOTHEBY’S INTERNATIONAL REALTY INTRODUCE NEW BEACH HOUSE DEVELOPMENT TO THE SOUTH FLORIDA MARKET
Metropolitan by COMO, Miami Beach hosts cocktail reception for principal members of Miami’s real estate community
Parrot Cay by COMO in partnership with Turks and Caicos Sotheby’s International Realty brought together leading members of South Florida’s real estate community on Wednesday, September 30th at Metropolitan by COMO in Miami Beach, to introduce the latest beachfront development being planned by the award-winning private island retreat for 2016. Click here to read more.
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By L’Etage Magazine – October 09, 2015
Turks & Caicos Sotheby’s International Realty posts significant sale within the Brand’s world-wide monthly news “Significant Sales – Volume 5, 2015”. Click here to read more.
The developers of the highly successful Gansevoort Turks & Caicos, on Providenciales, Turks & Caicos are pleased to announce the launch of the Gansevoort Villas in Turtle Tail, a collection of five exquisite, COAST designed four and five bedroom modern villas, tucked into an elevated hillside near Southside Marina. Click here to read more.
Turks & Caicos Sotheby’s International Realty
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.
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
February 13, 2015
MIAMI — The Turks and Caicos Islands is the fastest-growing tourism destination in the wider Caribbean region, Caribbean Journal has learned.
The Turks and Caicos Tourist Board reported a 50 percent increase in stopover arrivals to the archipelago last year, by far the highest of any destination in the Caribbean in 2014.
That was a total of 435,475 stopover arrivals in 2014, up from 290,587 stopover arrivals in 2013, according to the data.
In an interview with Caribbean Journal, Turks and Caicos Islands Tourist Board Director Ralph Higgs said the rise was due to a number of factors.
“I certainly think not least about them is we had a good push from Mother Nature — unseasonably cold weather up North was a contributing factor,” he said. “But I also think perhaps the biggest contributing factor was accessibility to our destination. We have very good airlift from most of our gateways in North America, and we’ve had additional lift from JFK and Boston. And there’s a stepped up co-op marketing campaign with the Tourist Board and some of its private sector partner. And we’ve increased our co-op relationship with many of the major wholesalers that sell Turks and Caicos. I think that they are the contributors to what is happening here.”
Higgs told CJ that the rapid growth was in line with several years of double-digit growth for the TCI, even in the wake of the financial downturn.
“We had one of our highest years in 2011,” he said. “But we were experiencing double-digit growth even during the height of the crisis — and while that growth slowed, we didn’t see any decline in growth there. I think that’s because of, generally, the way the destination has been positioned. The clientele that patronizes [the TCI], they tend to be a little more recession-proof.”
The next-fastest-growing destination in the Caribbean 2014 was Grenada, which posted growth of 18.4 percent last year, according to an analysis by Caribbean Journal.
So how does the TCI build on this level of growth?
Higgs said a major priority would be continuing to diversify the country’s source markets, and by focusing on improving what tend to be slower months for the region like August, September and October.
And that’s borne out in the numbers.
The Turk and Caicos saw one of its biggest single improvements last year in typically-slow October, when it welcomed 36,399 tourists — a whopping 131.6 percent higher than October 2013.
“The greatest periods of growth were the traditionally slow months for the region,” he said. “That supports a strategy that we continue to try and introduce to diversify our source markets, and look very closely at markets that have opposite seasons to North America. And I think we will accelerate our push in that direction. And if we can grow the summer months here then we can expand on that growth.”
He also said the TCI was working to expand its hotel product beyond the traditional hub of Providenciales to places like South Caicos, Middle Caicos, Grand Turk and Salt Cay.
“We are now concentrating on shining the spotlight on our sister islands,” he said. “If we can bring those destinations under the spotlight and people see them for what they have to offer, there may be some real possibilities for continued growth.”
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By By Alexander Britell – Caribbean Journal
Turks & Caicos Real Estate | Caribbean 