05.12.2016 Views

Turks and Caicos Islands Real Estate Winter/Spring 2016/17

This magazine contains MLS listings from the Turks & Caicos Islands Real Estate Association members. It is the most up-to-date magazine of local real estate. It also includes features on the industry.

This magazine contains MLS listings from the Turks & Caicos Islands Real Estate Association members. It is the most up-to-date magazine of local real estate. It also includes features on the industry.

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

20+ years ago was typically made with local s<strong>and</strong> <strong>and</strong> local<br />

aggregate. I have been more aware of people buying older,<br />

larger site properties <strong>and</strong> knocking them down to build<br />

two homes.”<br />

Fortunately, as stated by one realtor, “The <strong>Turks</strong> &<br />

<strong>Caicos</strong> Isl<strong>and</strong>s is a place of amazing diversity, each isl<strong>and</strong><br />

unique in its own geography, culture <strong>and</strong> lifestyle. For<br />

those wishing to live here, the possibilities are tremendous!<br />

These days, it’s not just retirees looking for a simpler,<br />

more wholesome environment but young families seeking<br />

safe locations for their children, successful entrepreneurs<br />

looking for a less hectic pace of life <strong>and</strong> adventurers ready<br />

for a fresh start.”<br />

While the second quarter of <strong>2016</strong> posted a slight<br />

drop from last year’s dollar volumes, Pending Sales are at<br />

their highest levels since the boom of the mid 2000s. The<br />

TCREA MLS system showed Pending Transactions of<br />

$22 million in L<strong>and</strong>, $6.5 million in Condos, <strong>and</strong> $101<br />

million in Homes/Villas, for a total of over $129 Million<br />

for the remainder of this year, including some pre-construction<br />

villa sales that will close in 20<strong>17</strong>. The second<br />

quarter numbers are further skewed by the fact that<br />

pending deals do not include several multi–million dollar<br />

contracts at the new Ritz-Carlton project on Grace Bay,<br />

property advisory services<br />

neptune court<br />

valuation & appraisal services p.o. box 1490<br />

quantity surveying<br />

providenciales<br />

development cost consultants turks & caicos isl<strong>and</strong>s<br />

project management t: 649 941 3663<br />

developer’s representation<br />

inspection reports<br />

e: info@casl.tc<br />

www.constructionadvisoryserviceslimited.com<br />

Visit us on-line at www.tcrea.com <strong>Winter</strong>/<strong>Spring</strong> <strong>2016</strong>/<strong>17</strong> 23

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!