Reasons to Invest in the Turks and Caicos Islands

Aug 24

Still Undiscovered Turks and Caicos Islands!

Be our guest on this video tour. Property in Turks and Caicos could be a great addition to your investment portfolio.

Turks and Caicos Islands have fewer than 30,000 permanent residents, are an English-speaking sun destination only 575 miles from Miami at the end of the Bahamas chain. They consist of 40 islands, eight of which are inhabited. This country has come to expect at least 350 day sunshine every year with temperatures ranging 70-80 degrees F in the winter and 80-90 in the summer season.

The tax free environment in Turks and Caicos and the progressive offshore legislation together with the sheer beauty of the country and the friendliness of the people have made Turks and Caicos one of the fastest developing nations in the world. Regular flights coming into the islands has made travelling so easy…from New York, Toronto, Miami, London and many other cities around the world.

We have seen tremendous development in the last 10 years on these islands. This has led to an incredibly strong real estate market in Turks and Caicos with increasing property prices, prices accelerating at a rate faster than is seen in other Caribbean countries. Known for attracting celebrities to these Islands, are the very elegant Turks and Caicos beachfront condominiums, residences, villas and spas along Grace Bay beach in Providenciales.

Turks and Caicos has an efficient land registry system that is similar to that used in Canada and the United States. Title to property is outright and can be held in one’s own name or a company or trust can be formed that could hold title. TCI is a British Overseas Territory. We have a Governor appointed by the Great Britain and this association adds stability and confidence to islands as a place for safe investment. For all these reasons, the future of the markets for both condo and freehold properties in TCI looks very good, indeed.

Our Islands continue to experience economic growth in spite of the recent economic turmoil in the United States and the rest of the world. More and more investors are choosing Turks and Caicos to meet their offshore real estate investment goals. This is perhaps because of the tax haven status – or because of the ever-increasing land values or - the ease and safety of purchasing property. .

Wavecrest Development created the above video to help promote the
very successful Wavecrest Subdivision a Turks and Caicos beachfront Middle Caicos project.

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