The Real Estate market in the Turks and Caicos is like no other… so many factors contribute to the “Value” of our islands real estate, most of which are well outside of what many would ever consider when buying a property in their own hometown. In the beginning they are continually banging away on their calculators in a futile effort to compare a property they may have seen in the Bahamas, Florida, or even worse, back home.
Quality of life is not measured by the “Price per square foot” formula it doesn’t exactly translate to “value per square foot”.
On every showing, with every client, I share the same statement, and do the same exact thing. If you can imagine standing on a beautiful balcony, I direct their gaze through the palm trees and out onto the powder soft white sandy beach, and turquoise waters beyond the infinity pools and say:
“You know, you can buy four walls, marble tiled floors, and cascading bathroom fixtures anywhere in the world, but that,” (pointing to the ocean) “that you can’t get just buy anywhere”.
This one-statement helps them put into perspective exactly what it is they are doing. It’s not just a new property they are looking at, but also a new lifestyle.
However, that’s just scratching the surface. The Turks and Caicos Islands offer so much more than just a great new lifestyle; it offers an investment opportunity that is felt to be unrivalled throughout most of the Caribbean.
With an attractive Tax Haven Status with no annual property, income, inheritance and capital gains tax, stable government, no restrictions on foreign ownership and property ownership guaranteed by the British Crown, the islands instil a level of confidence rarely found in the Caribbean.
When you roll all of this in with the TCI’s convenient and great location - just a 90 minute flight from the US mainland, a mere 3.5 hour direct flight from Canada, and the fact that it is English Speaking, with U.S. Dollar as the local currency and has a very low crime rate, these islands offer a treasure trove of benefits that add value to every property in the Turks and Caicos Islands.
This level of understanding takes time, and is usually something we can pass onto to our clients within a reasonable showing period of a day or two. It’s at this point that they put away their calculators and see the big picture. The myriad of benefits briefly we briefly touched on is the true value of the property you will inevitably buy in the beautiful Turks and Caicos Islands.