Information for Buyers of Real Estate in Turks and Caicos
Why invest in just stocks and bonds or leave money in the bank for very little interest..when you can own a piece of paradise as investment?
Many investors wanting good opportunities are continuing to seek offshore,
island properties especially in locations that have an already established
pattern of success.
The high end Turks and Caicos beachront condomininium market is found mostly
along Grace Bay beach in Providenciales where one can currently buy a
studio apartment right on the beach for as little as $259,000.
Or in
North Caicos an investor can own a two bedroom, two storey condo for
$250,000.
For a completely carefree investment, think of buying a Turks and Caicos beachfront
lot, a parcel of land with beach proximity or an oceanview lot.
There
are no land taxes in Turks and Caicos, so once the property is purchased
and the stamp duty paid, there are no further costs. One can hold the
land investment for future capital gain, (there are no capital gains
taxes in TCI either) or one can hold the land for building retirement
home in the future.
Turks and Caicos Islands, being a British Dependent
territory has registry office that details any mortgages, rights of way
or charges on title. Upon registration, title is guaranteed by the Crown.
North Caicos is a one minute boat ride from Parrot Cay where many well
known celebrities vacation - Keith Richards, Bruce Willis, Donna Caron
etc... Right now only about 1,800 people live on this island of North
Caicos and although beachfront will cost about $500,000, an acre of waterfront
with ironshore is available for as little as $175,000.
Middle Caicos
has a population of about 275 people. It is perhaps the most beautiful
of the Caicos Islands with subterranean caves and dramatic views of the
turquoise water. Beachfront acreage here is available there for under
$400,000.
The current turmoil in the world economy and especially in the United States
has created unbelievable opportunities for investment here in Turk and Caicos...opportunities
that have not been seen in the last 10 years. "They don't make any more
beachfront" so
it is good to get in now for short, middle or long term investment..you cannot
go wrong.
Turks and Caicos will remain a popular choice for vacationers being only 575
miles from Miami and having a busy international airport bringing in guests from
all over the world. The currency is American dollar and the weather is perfect.
There is a low crime rate and state of the art communications.
Why not come for
a vacation and check out the investment possibilities?