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Turks & Caicos Islands FF&F Ltd. Autumn Realty Report : North & Middle Caicos Buyers Market

Turks & Caicos Islands : Forbes, Forbes & Forbes Ltd. releases the AUTUMN 2010 Realty Report for North and Middle Caicos. Scenic, peaceful, island properties described, in context of the serious "buyers" market - now is the time to buy.

 
PRLog - Nov. 29, 2010 - CONCH BAR, Turks & Caicos Islands -- Forbes, Forbes & Forbes Ltd.
Conch Bar, Middle Caicos   , Turks & Caicos Islands    
Property sales, development and research

Realty Update :  AUTUMN  2010


The most significant factor in the autumn for us is the end of hurricane season!!  Fortunately, TCI has been spared any serious damages this year, despite the very active hurricane and tropical storm season. Hurricane Tomas managed to pass directly over Middle Caicos, but the winds never exceeded 85 miles per hour and everyone was well boarded up and secure. It was a great lesson for all that preparation for hurricanes is important and effective as Tomas shifted suddenly toward TCI after days of heading for Inagua!

The political and financial difficulties continue here in Turks & Caicos Islands– there is no point to disguise this fact. It is increasingly clear however that the problems will be slowly but steadily dealt with until the government and the economy here are sound. This is the fact we cling to now. Support for the British intervention, constructive if vociferous commentary, open dialogue and better reporting of news all grow stronger.

For real estate the situation is mostly unchanged since spring. Prices have not fallen further, sellers are not more desperate and a sense of calm begins to be evident across all price categories and all islands. It is still a glorious buyers market at every level. In particular, on North and Middle Caicos, such a wide variety of property is available that any investor can comfortably find the right price and place to buy. It is quite easy to find a great property at an excellent price. Whether you choose to hang on to the land (property long term is always a safe investment), or build a cottage to enjoy (a retreat for your family into sand and sea), or create a rental villa for income (more intrepid tourists continue to seek out North and Middle Caicos accommodation for holidays), the property you seek is on the market now.   The level of interest is deeper and broader than we have ever seen – so sales should not be far behind. Bargaining room in prices should still be expected, if not demanded by the astute buyer. A vast difference in price levels between North and Middle Caicos exists, and indeed the infrastructure of North Caicos far outstrips what Middle Caicos can provide. The long drive and the somewhat bumpy journey across the causeway (still very driveable) does impact property prices on Middle Caicos, but the tranquility and spectacular scenery is unrivalled.

The momentum for day trips rolls forward, bringing unprecedented numbers of new visitors to both islands. Charming villages with history and culture intact, indigenous population in love with their islands, fresh local produce and seafood, quiet peaceful roads and streets, gorgeous empty beaches…… Best of all, everyone appears to have learned the lesson that big is NOT better, and development on North and Middle Caicos will take a very different direction that the rapid “modernization” of Provo.

Currently there are almost 80 MLS listed properties on North Caicos – 15 homes from $150,000 to $2.5 million and 63 land parcels. Great value exists in the numerous small land parcels available under .5 acre/under $50,000, beachfront listings from $400,000 - $900,000 await and several development properties of 5-20 acres are listed. North Caicos offers a totally self sufficient experience – contractors, equipment, hardware outlets, supermarkets, water plant, landscapers, restaurants, bars – these days you can find most anything on island.

Each Community is distinct on North Caicos : Whitby has a vibrant ex-pat community and is the hub of the rental market. Kew offers big trees, deep soil and a lovely village. Sandy Point will bustle as the marina and housing estates grow. Major Hill harbours the commercial heart of North Caicos, while Bottle Creek is the government seat with schools, clinic and the largest village population. Stretching toward Middle Caicos the Bottle Creek peninsula glistens with the reflection of the creek and homesites follow the winding road. North Caicos is ready to welcome you and bring your Caribbean dream to fruition.

Middle Caicos is the peaceful giant where perhaps one new home is built a year. Lorimers and the east end is almost a ghost town area, with a haunting appeal, wild landscape and solid history touching you. Further to the east, the long peninsula of Wild Cow Run offers beachfront and off road properties for those with a pioneer spirit. A large government subdivision is alos planned here and in years to come this will become a lovely and diverse community. Bambarra is the centre of the island, with the village high above the beach. The quaint houses and warm elders welcome you to join them, with lots and unfinished homes now for sale. Bambarra beach is a truly magnificent curve of unspoiled white sand beach, where new homes very slowly speckle the rows of lots for sale. Conch Bar, on the western end of the island is the main village with the bulk of the island population. The cliffs of Mudjin Harbour begin  and march through to the west of the island. Blue Horizon is perhaps the most unique scenery in the country, and at this time three spectacular lots are available. Middle Caicos is an island for the brave, for those who want privacy but who also want to know the local culture and be part of it – you cannot expect to survive without local support here! Nearly 40 lots are available for sale from .3 acre  to 532 acres, from $35,000 to 43 million dollars…the choice is here for you.

FORBES, FORBES & FORBES LTD. presents  the following properties:
Middle Caicos
Blue Horizon :
.3 acre vacant lot  $165,000 : on main subdivision road, all utilities underground in place, fabulous views to Dragon Cay protected by height of lot, rental program/maintenance and security on site

Bambarra village :
Partially completed 3 bed/bath home on 0.5 acre lot $ 115,000 : cement construction, new doors, rough plumbing…needs a strong finish. Great views and lovely village.

Conch Bar ridge lot :  
2  acre vacant lot $159,900 : long narrow lot with superb building site for family home or small B&B with room for terraces of fruit trees sloping to the road. Village pond nearby with lots of birds, quiet location at east end of village.

Platico Point waterfront :
0.7 acre vacant lot $190,000 : fantastic ironshore lot, central MC, reef just pulling offshore, electricity nearby, on main paved road, dock possible.

Conch Bar oceanfront :
1.6 acre vacant land $ 255,000 : “L” shaped property with over 200 ft oceanfront on reserve, great breezes, very suitable for family home or small inn, fabulous views, near Daniel’s Café!.

Bambarra beachfront :  
1 acre vacant lot  $330,000 : magnificent, open lot, with the ocean filling your eyes, well treed, paved road, electricity at site. – excellent value.

Bambarra beachfront :
cottage on 1 acre lot with garage $585,000 : solid and cosy, 2 bed/bath, screened porch, fully furnished/kitchen, ready for you to enjoy the glorious Bambarra beach at your doorstep.

North Caicos
Bottle Creek view lots:
Two .35 acre lots $85,000 (each):  north side of paved road overlooking spectacular Bottle Creek and the East Bay Islands Reserve. Power at your boundary, shared road easement within small eight lot subdivision.  

Bottle Creek waterfront :
Two .44 acre lots $125,000 ( each) : located within small eight lot subdivision these lots gently slope to the shore of Bottle Creek. Fabulous opportunity to be on the water with your own kayaks, or fishing skiff in moments!

Major Hill Commercial property
1 acre lot $95,000 : Located at the major plaza on North Caicos ,  on main island highway, perfect location for commercial operation of any kind.

For more details visit : www.forbesrealtytci.com

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About Forbes, Forbes & Forbes Ltd. : A small boutique realty brokerage in the Turks & Caicos Islands, providing highly focused property development, acquisition and research services to buyers or sellers, particularly for Pine Cay, North and Middle Caicos. Visit dedicated websites at www.pinecayrealty.com and www.forbesrealtytci.com for introduction to the islands and properties available. Pine Cay is a privately owned island with an established member community - limited properties for sale. Private clients, private listings, personal service for the discerning client looking to find their Caribbean dream property.

Forbes, Forbes & Forbes Ltd is unique in the Turks & Caicos islands, providing a refreshing alternative approach to purchasing real estate overseas with superior local knowledge and experience . Call today 1-649-231-4884 for a direct discussion with our manager or email us anytime at forbesrealty@tciway.tc. Realty Reports from June 2006 available online.

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Source:Sara J Kaufman: Forbes, Forbes & Forbes Ltd.
Phone:1-649-946-6132
Location:Conch Bar - Middle Caicos - Turks & Caicos Islands
Industry:Real Estate, Lifestyle, Environment
Tags:turks caicos islands, Real Estate, caribbean, tax haven property investment, north caicos, middle caicos, property for sale
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