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Turks & Caicos Islands Winter Realty Report : Forbes, Forbes & Forbes Ltd.
Turks & Caicos Islands - Winter Realty Report from Forbes, Forbes & Forbes Ltd : Slow but steady progress being made as the British work hard to stabilize this tiny country. Now is the time to buy quality real estate at sensible prices!
It is a bright breezy day in late March on Turks & Caicos Islands. The sun is dazzling as it sparkles on the sea, tempting you in for a swim. The tall stalks of the sisal plants with brilliant yellow flowerheads stand singly along the shoreline and the brown pelican zooms by.......fabulous!!
It is amazing to realize that winter is almost over, our main tourist season half completed and 2011 racing ahead. Finally, real estate prices are beginning to firm, and buyers are almost ready to take the plunge. It is truly a fabulous buyers market, and a veritable cornucopia of vacant land parcels, homes, businesses, and partially constructed dwellings are for sale - do plan a visit to come and see for yourself. Best of all, the local economy is less rocky, and the British are decisively moving forward with new policies to bring fiscal responsibility to TCI. Sporadic and isolated protests in Provo, while disturbing, have been short, unproductive and well contained. It is undoubtedly difficult to reduce and upgrade the entire civil service, and in addition to educate the voting populace about the local economy. Tension is evident, but progress is also evident as more voters concede the need for British interim government, accept the need for criminal charges against corrupt activities, and welcome the potential for a stable future. TCI is slowly coming through it's troubled times. The islands of North and Middle Caicos offer great investment alternatives, a warm hearted and friendly population and a calm haven. Now is indeed the time to buy property here.
A great incentive for real estate sales right now is the reduced transfer fee (stamp duty) on property sales, at its' lowest level ever. Only 2% is imposed on Middle or North Caicos land sales up to $500,000.00. And good news too with ever more airlines offering daily service to TCI and thus more choice for you, and for those renting your home. The infrastructure on both North and Middle Caicos grows steadily so finding contractors, skilled tradesmen, building supplies, fresh groceries, computer repair, and even security services becomes easy! Construction is picking up on both North and Middle Caicos, day tourism is booming with visitors from Provo, with overall rental villa and resort occupancy very good this season. These islands are resilient, full of strong folk determined to live a good life here, and welcoming to those who wish to share it.
Forbes, Forbes & Forbes Ltd. has over a dozen private listings on North and Middle Caicos, (see listings http://www.forbesrealtytci.com ), some owners continue to directly sell their own properties, and there are over 115 MLS listed properties for sale on North and Middle Caicos. This huge diverse range of properties is available to suit every need - whether for long term investment, retirement dreams, vacation rental business, commercial operations. or your personal Caribbean home. Don't wait much longer to purchase that special property you have been watching this past year or two, as it is increasingly obvious to astute investors that this is the right time to buy. We are pleased to assist you with background information, pictures, valuations and sales assistance for any property on North and Middle Caicos, so please get in touch soon. We can also help you sort out your trip and accommodations - let us know!
SPECIAL NEWS : Middle Caicos Beachfront Comparison
Mudjin Harbour – west end
Fabulous scenic beach with sand spit to Dragon Cay. Residential subdivision, underground utilities, management on site for rental program/security. Home Owners Association in place. Beachfront lot available $225,000 view lots $150,000 to $165,000
Bambarra beach – central
Graceful four mile curve of pristine beach protected by offshore reef, two subdivision areas off main road, public beach facility and pier, safe boat harbour. Beachfront lots $264,000 to $350,000 - home for sale $585,000
Wild Cow Run – east end
East end peninsula, beautiful sand bars, vast views to East Caicos, undeveloped to date, underground utilities and hard pack road access. True Caribbean wilderness! Beachfront lots $229,000 - entire 40 acre parcel $3.8 million
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Forbes, Forbes & Forbes Ltd. is a small boutique realty brokerage in the Turks & Caicos Islands, providing highly focused property development, acquisition and research services to buyers and sellers, particularly for the islands of Pine Cay, North and Middle Caicos.