Real Estate Update December 2015 : New Listings - New Prices!
As the leaves fall and winter closes in, here is some warm & sunny information for you! This year the Turks & Caicos Islands was selected as the best island in the world - an extraordinary accolade for a country that 15 years ago was an unknown speck on the global maps. Both 2014 and 2015 have seen tremendous growth in property sales, bringing the real estate market back to life. While the total inventory of properties for sale here in Turks & Caicos Islands is still vast, the value of the properties available is excellent, backed by the security of investment in a British dependent territory. We are very proud to present our latest New Listings & New Prices in this quarterly update for our clients. Visit our website, www.forbesrealtytci.com for more information.
North Caicos - Beachfront Condo : $149,000 USD
A rare opportunity to purchase a 1 bedroom, 1bath condominium on the shore of beautiful Whitby beach. This is a well constructed, elegant older building, 10 units only, with recently completed upgrade to the electrical service, construction of a seaside lounge deck and installation of solar hot water system.
North Caicos - Major Hill Duplex : $125,000 USD
A solid, older building in central North Caicos offering two apartments, (1 x 3 bedroom, 1 x 1 bedroom) well located for rental opportunities. Generous yard at .74 acres. Bring your skills and energy! Needs TLC!!
Middle Caicos - Bambarra Beach West Subdivision : $39,500 USD
This .4 acre lot is located near Platico Point with direct access off the main paved road. An excellent value with power to parcel boundary, paved roads within subdivision and public beach access minutes away.
North Caicos - Three Mary Cays Beach House : $1.2 million USD
A generous lot of 7.4 acres with 250 ft beach frontage and a two storey home of solid cement construction. Home includes a huge, open plan one bedroom apartment upstairs and downstairs a studio apartment and garage underneath. An amazing opportunity and a sound investment in superb beachfront. Subdivision possible.
Middle Caicos - Bambarra Village East : reduced to only $35,000 USD
Beautiful .4 acre ocean view lot at east end of village, two old buildings on site, great breezes, great ecotourism potential or an excellent family retreat.
Middle Caicos - Platico Point Oceanfront : $190,000 USD
A vacant .64 acre lot on the ocean - fabulous sunrises, dock potential, and an excellent home site. Located on main paved road just east of Conch Bar.
Middle Caicos - Interior Lot Near Bambarra Beach: $72,000 USD
This is a 1 acre parcel, along the main road, one row off the beach! Neighbours are building on ridge and beachfront nearby, excellent potential for vacation rental or for commercial/retail options to service the development area.
To be sure, the real estate market is changing in Turks & Caicos Islands. The range of waterfront and beachfront properties available is rapidly decreasing as development continues its incursion on Providenciales. The time is ripe to “Go Beyond Provo” and reap the benefits of investment in other islands within the TCI archipelago. Land banking, in a jurisdiction with no annual property taxes, is the new direction for savvy investors looking for long term return and capital protection outside the stock market. Call us to explore the possibilities soon! 1-649-231-4884.