If you want to buy real estate in Turks and Caicos, you can choose from a variety of property types. However, there are some things to consider before you purchase. The zoning map and building code in Turks and Caicos are not well-defined, and the process of zoning approvals is not consistent. Consequently, you cannot expect consistent development of your property. For example, high-density commercial structures may be approved in residential areas, and there is a large risk of clear-cutting.
The Turks and Caicos Islands are comprised of eight main islands and forty cays. The islands cover an area of 166 square miles and are characterized by varying topography from sand dunes to lush green vegetation. In addition, they are a major offshore financial center.
Crime in Turks and Caicos is low compared to other islands in the Caribbean. However, you should still pay attention to your possessions and money. Crime rates in Turks and Caicos are largely due to opportunity and planning. You can protect yourself from these risks by following a few guidelines.
A large-scale marina resort is under development on the south shore. It includes a hotel, spa, villas, condos, and residential home sites. Cooper Jack Marina has 161 acres and 6000 feet of oceanfront land for sale. It is a great opportunity for those interested in investing in Turks and Caicos real estate.
The Turks and Caicos real estate market is one of the most dynamic in the Caribbean. As an island nation, it attracts buyers from all over the world. But before investing in real estate in Turks and Caicos, prospective buyers should be aware of some issues to keep in mind. While there are no restrictions on foreign ownership of real estate, prospective buyers should read about residency requirements, employment restrictions, and property taxes.
The prices of Turks and Caicos real estate are at an all-time high. However, you can still find affordable homes, beachfront properties, and condos. The prices for luxury properties are in the upper $800's. There are many investment opportunities in Turks and Caicos real estate, and you can also buy a vacation rental.
The government stamp duty is calculated at progressive rates, and legal fees vary. While the Turks and Caicos Islands Bar Association recommends a scale of 0.85% for properties worth over US$700k, some lawyers offer lower rates for properties worth over US$1 million. Unlike in the United States, real estate agents in Turks and Caicos charge a commission on the sale of their property. For undeveloped land, this commission is 10%, while for developed property, the commission is about 6%.
SITES WE SUPPORT
SOCIAL LINKS
Коментарі