Turks & Caicos Islands Shows Continual Solid Real Estate Growth In The 1st Quarter Market Report 2019, Presented by Turks & Caicos Sotheby's International Realty
The Overall Market compared to the past several years is holding solid ground with this quarter representing 23% of last years' sales volume which may indicate that our real estate market is on target for another successful year.
PROVIDENCIALES, Turks & Caicos Islands, May 23, 2019 /PRNewswire-PRWeb/ -- The wave of development that started in 2013 was the emergence of managed villa communities focused on providing private villa experiences with the benefits of resort amenities. The success of these projects continues as we see additional managed villa communities materialize throughout all neighborhoods - Leeward, West Grace Bay, Long Bay, Blue Mountain, Turtle Tail as well as the Chalk Sound and Sapodilla Bay areas. As real estate trends continue in a positive direction, seven years running, developers and construction companies are diligently keeping up with the demand. This introduction of new villa developments, that began a wave of villa construction, has resulted in completed projects now celebrating a second phase of construction along with private individuals investing and building their Caribbean dream homes.
As we reach the end of this decade the rise of new large-scale condominium complexes will change our beautiful landscape while further igniting our growing economy. Notably, the Ritz-Carlton Residences have been under construction since the ceremonial ground breaking which took place in February 2018. This condominium development will not only change the visual landscape of Grace Bay with its 12-storey buildings, it will make history as the first international luxury brand to be built on our Grace Bay waterfront.
With the stage now set for other world-wide luxury brands to follow – enter ANDAZ. Hyatt Hotels Corporation recently launched Andaz Turks & Caicos Residences at Grace Bay, which will serve as the flagship Caribbean resort for the luxury arm of this long-standing and trusted hotel brand. The Andaz brand ethos is not one of uniform application but one of personalization. Taking the best of its expertise and tailoring each hotel's aesthetic to the landscape and culture of its locale. The indigenous beauty of the islands continues to inspire with Andaz Turks & Caicos Residences at Grace Bay, as we prepare to kick off a new decade in the Turks & Caicos.
Another new development that will enhance the diversity of our condo-hotel landscape is The Bight Hotel - a bohemian chic, design-forward boutique hotel concept focusing on authentic experiences and lifestyle. It offers 66 ingeniously designed units over approximately 7 acres, providing elevated ocean views from every unit, and fulfills a long-standing gap in the Turks & Caicos real estate market for a desirable yet affordable four-star resort property with elevated sea views and easy beach access.
As our country continues to grow and prosper, we enjoy sharing our incredibly beautiful landscape with all of the longstanding and new visitors and everyone who is fortunate to call Turks & Caicos Islands their "home". We invite you to view our website for further details of all the new developments and listings that we represent.
https://www.turksandcaicossir.com/eng
Link to full report here: http://thefinestcollection.com/MarketReport/May2019.pdf
SOURCE Turks & Caicos Sotheby's International Realty
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