The Turks and Caicos Islands are a great place to live if you are looking for a luxury property. They are safe, and a good place for foreigners to visit. Watersports are a popular activity, and taxes are low. There are some great properties to choose from, including condos. Buying a condo will provide you with a home in a beautiful island. Experience the beauty of beachside living – discover our beach side real estate in turks and caicos now.
Condos are a luxury property in the Turks and Caicos Islands
When looking for a luxury property in the Turks and Caicos Islands, condos are an option. Usually located near the beach, they offer the convenience of being a part of a resort without the cost of owning a home.
Luxury condominiums on the islands are available in all price ranges. Most are between $335k and $3.2m, but some are up to $10 million.
Condos can be found in all areas of the Turks and Caicos Islands. Grace Bay Beach, one of the most popular destinations, is home to a number of high-end condos. It features floor-to-to-glass sliding glass doors and custom-built kitchens.
One of the most recent developments in the Turks and Caicos Islands is the Rock House, a new condominium developed by Grace Bay Resorts. The first of its kind, Rock House is set to finish in 2020. This development will include two bedroom cottages with 13-foot vaulted ceilings, outdoor terraces, and bathrooms with private shower gardens.
Watersports are popular
The Turks and Caicos Islands are a favorite vacation spot for many people. This tropical paradise is surrounded by turquoise blue water and boasts a pristine marine ecosystem. It also offers a variety of thrilling water activities. Whether you're a beginner or an experienced diver, you'll find something to enjoy in the waters.
The Turks and Caicos Islands offer some of the most incredible diving in the world. They are home to a vibrant barrier reef, and the coral reef system stretches fourteen miles long. You'll find an abundance of shore snorkeling sites, and a chance to see turtles and dolphins.
While diving is definitely a popular activity in the Turks and Caicos Islands, you can enjoy other water sports too. If you want to get in some exercise, you can try stand up paddleboarding. In recent years, kayaking has become a popular activity for visitors.
There are a number of boat charters available to take you on a trip around the Turks and Caicos Islands. These cruises are a great way to explore the coastline. During the winter months, you can visit Salt Cay for whale watching.
Taxes are low
If you're looking for a tax-friendly luxury property in the Caribbean, the Turks and Caicos Islands are a good choice. They offer zero income, capital gains, or inheritance taxes. It's also considered a tax-neutral jurisdiction.
Despite hurricane devastation in 2015 and 2016, Turks and Caicos has bounced back with a solid property market. The island offers a wide range of residential and commercial properties, including beachfront condos.
Although there are some legal requirements for purchasing or renovating real estate, the laws are investor-friendly. In fact, the majority of homebuyers are from the US. Most homes in the Turks and Caicos Islands are priced in the $800,000 and $700,000 range.
The real estate market in the Turks and Caicos Islands is largely driven by a strong tourism sector. In 2018, there were an estimated 320 cruise ships to the island. This boosted tourist arrivals by 22.8%.
Real estate prices in the Turks and Caicos Islands grew by 6.75% year-over-year. Luxury homes are sweeping the market. Condos and waterfront properties are more desired than ever.
It's a safe haven for foreigners
The Turks and Caicos Islands are one of the best spots in the Caribbean for purchasing luxury real estate. The island offers everything from a warm, tropical climate to a sense of space and exclusivity. It is a great place to purchase a vacation home or permanent residence.
The island has two main islands, Providenciales and Middle Caicos. While the islands are small, they are filled with plenty of activities. They are home to world-class diving, snorkeling, tennis, golf and shows.
Many foreigners who visit the islands are interested in buying a home. There is a program that allows permanent residency if the investor invests $250,000 or more. However, this does not guarantee the ability to work in the islands.
A majority of foreigners live on the islands part-time. If you're considering purchasing a home, take the time to investigate the cost of living, the infrastructure and the quality of medical care. You may also want to look into the safety of the area.
Comments