Turks & Caicos Real Estate Thriving Through 2018

Share Article

Overall, the market is slightly higher than last year’s levels with regard to closed transaction volume; however, with new development gaining traction, it is clear that the market is outperforming recent years. This is evidenced by the $123+ million in Pending transactions currently on our TCREA MLS system.

Turks & Caicos Islands Market Report

New construction is underway as the long awaited Ritz-Carlton Residences, beside Seven Stars Resort on Grace Bay, is now under construction. Grace Bay Resort’s Rock House is also slated to start construction in January 2019, with other projects announced and in the pipeline.

Turks & Caicos Sotheby’s International Realty closed out the 3rd Quarter attending the Sotheby’s International Realty Leadership Conference in West Palm Beach. The 10th Leadership Forum, with over 500 attendees representing 130 companies from 20 countries, took place at The Breakers Palm Beach October 8-10, 2018 and offered a full brand immersion that energized the audience and set the stage for new milestones of growth and innovation. With the theme FIRST BEST EXCLUSIVE the event focused on how the Sotheby’s International Realty® brand is prepared to lead amidst new business models that will change the environment and the future of real estate. Philip White, President and CEO Sotheby’s International Realty Affiliates LLC, shared his vision for the Sotheby’s International Realty® brand into the future. Philip celebrated a culture focused on people, recognizing the efforts of brokers, owners, managers and sales associates in the brand’s remarkable growth trajectory. The reoccurring theme in all of the event’s presentations was the importance of culture, strong leadership, and being able to articulate the value of the brand.

The 3rd Quarter Real Estate Market Report shows a continuing robust and strong output throughout 2018. This performance is expected to strengthen into 2019 and beyond as the new villa developments that have sold out, namely Beach Enclave Long Bay, The Shore Club Villas, and Blue Cay Estate, will be posted into the MLS system as their construction comes to an end. Meanwhile, new real estate investment opportunities, coming to market, will be announced this November and in early February. These new developments will offer a variety of property sizes, price points and locations. This much needed new inventory comes at an optimal time as the popularity of the Turks & Caicos Islands lifestyle continues to be discovered. The graphs in our report detail the overall performance, each residential sector and vacant land sales. Contact us for further detail or view our website for newly listed properties.

Link to full report here.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Joe Zahm
Follow >
Turks & Caicos Sotheby's International Realty
Like >
Follow us on
Visit website