An Investment You Can Enjoy! Beachfront in Turks and Caicos Islands

Jul 28

Why stocks and bonds for investment vehicles? Why leave cash in the bank at such 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. This certainly describes the real estate in Turks and Caicos Islands.

The high end Turks and Caicos beachfront condominium market is found mostly along Grace Bay beach in Providenciales where one can currently buy a studio in a beachfront resort for $US259,000. Or how about in beautiful North Caicos choosing a 2 storey, 2 bedroom condominium looking out over the pool to the beach for as little as $US250,000.

For a completely carefree investment, think of buying a Turks and Caicos beachfront lot…or a building lot that has a close proximity to a popular beach…or a choice oceanview lot that will appreciate over time. There are no land taxes in Turks and Caicos, so once the lot is purchased and the stamp duty paid, there are no further ongoing 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 a home for retirement in the future. The country of Turks and Caicos is a British Dependent territory with a registry office that details any and all mortgages, charges, rights of way, etc on title. Upon registering the property in the registry office, title is guaranteed by the Crown.

The Island of North Caicos is a one minute ferry ride from Parrot Cay and the private residences of Bruce Willis, Donna Karan, Christie Brinkley and Keith Richards among others. This is the island of the rich and famous… North Caicos right now has a small population of about 1800 residents but now that a ferry is running daily between Providenciales and North, that is about to change. A beachfront lot on North near Parrot Cay would have a price of about $US500,000 while oceanfront with ironshore could start at $US175,000.

The other side of Parrot Cay is Dellis Cay, now being developed and managed by the Mandarin Oriental – choices of condos and villas here start at $1,700,000.

Middle Caicos Islands has about 275 permanent residents. This island is the most historic and dramatically beautiful of the chain of islands, so untouched and pristine with miles of perfect beach and rock formations. An acre of beachfront here can be found for under $US400,000.

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 at prices that we have not seen for 10 years and will not see again. “They don’t make any more beachfront” so it is good to get in now for short, middle or long term investment..There are many good choices to suit any investment budget.

Turks and Caicos is a well know and popular vacation destination. The International airport at Providenciales receives guests daily from all over the world who come to rent a villa, condo or hotel and to enjoy the wonderful beaches of these islands. The TCI weather is almost always perfect and the currency is the convenient American dollar. There are warm and friendly people, state of the art communication service and a low crime rate. Check it out! Book a business trip or a vacation to this exotic destination and find for yourself the different investment choices in these islands.

Why not think about it. Live the dream. Find your own piece of paradise!

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