Turks & Caicos Islands Real Estate Services - Regency International Estates


by RIE

 

Turks and Caicos Islands’ real estate brokers, Regency International Estates, proudly announce a Christie’s Sale of Distinction on the Caribbean Island of Providenciales. 

The unique Private Island of Emerald Cay has recently been purchased by a private family from mainland North America. The family, who wishes to maintain their privacy, plans to use the island for getaways and to entertain friends and loved ones. This private island is the ideal getaway for a busy family, and is just a 90 minute flight from Miami to the international airport on Providenciales and then a short drive to the bridge access to the 2+ acre Emerald Cay. 

The award-winning home was designed by renowned architectural firm RA Shaw Designs Ltd. and took over six years of construction to reach completion. 30,000 square feet of interior living space is complemented by magnificent outdoor areas that provide many opportunities to enjoy the perfect year-round temperatures of the Turks and Caicos Islands. A sophisticated Crestron system has automated virtually the entire residence, including lighting and air conditioning, as well as the audio system that accompanies the awe inspiring home theatre. A three-storey library with 45 foot ceilings, is one of the many stunning spaces, and has been featuring on HGTV. The master-bedroom pavilion and magnificent rotunda with 45 foot high cypress ceilings are just two of the additional magnificent features of this property. 

We wish the family a lifetime of happy memories in their new home in the Turks and Caicos Islands, the perfect place to come together and celebrate life’s successes. 

 

 

 


by RIE

Beachfront at the West Bay Club. Some of the Best Real Estate in the Caribbean.

 

A perfect vacation and investment property on one of the worlds best beaches. Located on the 4th floor, this stunning fully furnished 2 bedroom, Beachfront unit is a popular and desired layout in one of the most beautiful and sleek Condo resorts on Grace Bay beach. This 1,850 sq. ft. suite has a layout that splits into two rental units allowing you to maximize your rental income when not in residence. This unit has a positive rental income for 2011 YTD. The architecture of the West Bay Club is reminiscent of some of the finest Caribbean properties with its use of cedar shingle roofs, coral render, aged woods and white washed walls. The Resort features a full restaurant and bar with a unique self-service BBQ area right on the beachfront. A modern fitness center and professional spa service add to the West Bay Clubs amenities, highlighted by a sprawling pool that meanders through a lush & luxurious landscape.

West Bay Club.
2 Bedroom.
2 Full Bath.
1 Half Bath.
1,850 Square Feet.
Income Producing.
List:$880,000USD.

Best Beach in the World.

Virtual Property Tour:

 


by RIE

Stunning Point Grace Beachfront SOLD:

A beautiful Caribbean retreat, located at the very point of the islands exquisite 12-mile beach of Grace Bay, also know as one of the "Worlds Best Beaches" 

Point Grace embraces the history of the islands being on the "Point" of "Grace" Bay. Grace Bay derives its name from Lady, Grace Hutchins who visited here on her honeymoon in 1892. Inspired by classic, turn-of-the-century British Colonial architecture, the beach front setting looks out upon a shimmering vista of turquoise sea and alabaster beach.

A setting seemingly untouched by time, each suite has been designed to include every luxury, leaving you free to encounter your own personal state of grace.

List:$805,000USD
2 Bedroom
Beachfront
Listing and Selling Agents:katherine Baryluk and Robert Greenwood

 

 

 

 


by RIE

Beautiful Oceanfront Resort Property at The Regent Palms - LISTED: $1,340,000USD "SOLD"

Regency International Estates just closed on a stunning 3 bedroom - 3 1/2 bathroom Oceanview vacation property at one of the Turks and Caicos Islands premier properties, The Regent Palms.

The 72-suite Regent Palms resort in Providenciales; Turks and Caicos, is one of the Caribbean’s best-kept secrets. Located just steps away from the flawless white sands and sparkling sapphire waters of the Grace Bay Beach – ranked as among the most beautiful in the world - the luxury resort offers maximum pampering and indulgence. Boundless ocean views from stylishly-appointed properties ensure peace and tranquility while world-class amenities; including a 25,000 square foot spa and state-of-the-art infinity pool, promise rest and relaxation. A well-equipped Fitness Centre, together with water sports and tennis cater for more active guests.

Take a look at all available properties here:

 

 

 

 

 

 

 

 

 


by RIE

Regency International Estates, Exclusive Affiliates of Christies International Real Estate.

The Turks and Caicos Islands Preeminent Luxury Real Estate Brokerage.

What it is we offer our clients that puts them ahead of the market.

We wanted to provide you with a full overview of Regency International Estates, the Exclusive Affiliates of Christie's International Real Estate. 

Who we are, and what we can do for you, the seller of fine luxury properties in the Turks and Caicos Islands.It has always been our goal to provide information to both buyers and sellers solely based on their needs.

If you would like to achieve the best possible sale price in the shortest possible time, then please consider this to be time well spent.

(Please note: You will see text highlighted in blue, these are hyperlinks to additional, more in-depth information)

Robert Greenwood and Katherine Baryluk, owners and brokers of RIE/CIRE bring with them over 30 years of experience in the Turks and Caicos Islands with significant ties to the community, and more than 20 years of knowledge in all aspects of real estate, development and resort industries. This affords our clients an invaluable advantage through our extensive local knowledge, and the comfort of working with highly trained, professional brokers and agents dedicated to the real estate industry. 

The Turks and Caicos Islands Real Estate market is one primarily made up of "Luxury" second, third, even fourth vacation home properties, with a buyer demographic almost entirely foreign, from locations such as the United States, Canada, Europe and more recently, South & Central American countries.  This very niche market, with its small target audience requires an outreach that is global yet focused, not just hitting our buyers by location, but by targeting the High Net Worth Investor who is ready, willing and able. 

RIE/CIRE focuses on three district marketing sectors, starting with our "Off-Island international program", then our "On-Island and local marketing" , finally outreach focused on "coming to the Island", something we will explain momentarily.

In this day-and-age, few travel without booking their ticket or hotel online, or logging into TripAdvisor to get feedback on a specific resort, restaurant, or excursion, so its easy to understand that one needs a strong global footprint. This fact is further emphasized when looking at the real estate market, where a study from the National Association of Realtors (NAR) indicates that an overwhelming majority (87%) of recent home buyers in the US say they used the internet as an information resource during their home-buying process, and nearly one-third say they first learned about their newly purchased home from an online channel. 

This need for global or "off-island international" exposure is why we are so excited to offer our clients the relationship we have with Christie’s International Real Estate. An invitation-only network only offered to companies with proven records of success in high-value home sales, where its affiliates must also exhibit a commitment to the auction house’s two-century-old tradition of exceptional client service. By cultivating this unique balance of worldwide scope with a personal touch, Christie’s International Real Estate has become a global authority on the effective marketing of fine properties, providing insightful advisory support along with sensitivity and intelligence. Finely tuned marketing services and a commitment to the business philosophy established by Christie’s in 1766 define a brand based on trust, integrity, discretion, and excellence. 

Christie's global internet outreach outperforms the competition in numerous categories, including percentage of high-end properties online, and the depth and reach of our network. This is something that can be seen here in the COMPARATIVE SUMMARY, and the Q1 WEB STATS clearly showing that we offer one of the most powerful opportunities a buyer or seller could hope for. We invite you to explore every aspect of the Christies International Real Estate from Press Releases, News, Great Locations, Significant Sales, and our luxury Turks and Caicos Properties.


Whilst our affiliation with Christies International Real Estate focuses on properties over $1,000,000USD, Regency International Estates acknowledges that there are many luxury properties in the TCI that may not be within this upper price range, but are still significant properties. As such, we provide extensive marketing and services through the Regency International Estates brand, its cutting edge, interactive website that boasts impressive page rankings,  and global internet presence for the local TCI market and beyond. The listings are also exclusively featured on the Robb Report's website in their "Exceptional Properties" viewd by millions. 

Regency International Estates are members of the Turks and Caicos Real Estate Association or TCREA for short,  and as such Real Estate professionals. Our Online Multiple Listing System (MLS) consolidates all listed properties in one location, giving maximum exposure to Sellers and one-stop shopping for Buyers. As your TCREA agent we can represent you in the purchase of any listed property and all major condominium developments. As a fully licensed brokerage in the TCI, and members of TCREA our clients gain valuable access to the Multiple Listing Service (MLS), where all properties are presented to the island's brokerage firms and their working agents. This greatly increases the likelihood that a buyer will be found through the co-operative relationship this system offers. TCREA also runs the island's ONLY Public MLS website, where all brokerages, agents, and properties are displayed for the general public to search, gather information, schedule showings, and ultimately make offers to purchase. And as you will see from the article providing our most current Market Summary, it obviously works.

Whilst these three web portals are among our top online marketing avenues, we like to stay on the cutting edge of the web, and the power it offers in reaching the world. And therefore, employ such Social Media portals for viral opportunity as Facebook (predicting 1 Billion users late 2012), YouTube, Twitter, LinkedIn, Virtual Tours, Pintrest, Blogs, etc.

The world wide web is just that, and we need to capture as many buyers in this web as possible.

Print still remains an important and viable method of advertising. As with the Luxury Christie's Magazine, rich with striking photography, elegant design and engaging descriptions, Christie’s International Real Estate magazine is a publication that many of our traditional, less internet savvy clients prefer.  Printed four times a year, the magazine reaches approximately one million readers annually. A targeted mailing list 

ensures that each issue is sent to individuals of exceptional means, including the world’s wealthiest homeowners, international entrepreneurs, business leaders, and celebrities. Christie’s International Real Estate magazine isavailable at newsstands, fine bookstores, fashionable hotels, private airport lounges, and Affiliate offices across the world. It is also distributed at important Christie’s auctions in cities such as Hong Kong, New York,Dubai, London, Milan, Geneva, and Paris. 

Further publications include the very popular TCREA Magazine, published twice per year with a large "on-island" distribution to a very captive and targeted audience. Again, much like the online MLS, the magazine consolidates all listed properties in one location, giving maximum exposure to Sellers and one-stop shopping for Buyers. Ultimately getting into the hands of almost every potential buyer that visits the Turks and Caicos. Electronic versions are available for each publication.

"Coming to the Island" marketing is an opportunity to take a very different approach by creating articles that educate and inform the reader on certain aspects of the real estate market, investments opportunities, or lifestyle. Indirectly creating a relationship between the reader and the author, or buyer and brokerage. There are several publications that are provided to commercial flights arriving in the TCI daily and explore these opportunities on a seasonal case-by-case basis. We also include the many Private jets that find a hime in the TCI, recently being published in the dedicated on-board flight publication for our associates at Chartright.

We also provide very detailed marketing items such as Property Specific Brochures and Post Cards that are available locally, at our offices and in your property. These marketing tools alert the many potential buyers who may be vacationing to the fact that it is for sale and who to contact.  In depth e- brochures are also available. 

 

*Please note that we provide all print materials electronically for convenience to our clients abroad. 

Its extremely important to have a strong personal presence and so have located three satellite offices at the Regent Palms, The Shore Club and The Sands, providing brand recognition through our trusted and 

prestigious name. This also allows us convenient locations to meet with prospective buyers and sellers where we can share with them the many benefits of the island and our properties. Most buyers are looking for aresource that can share with them more than just facts and figures, and with over 30 years in the TCI, and hundreds of millions of dollars in real estate transactions, we are able to provide our clients with a wealth of knowledge dating back to the islands very first development, through a deep understanding of every development since. We have found that our thorough and deep understanding of how the Turks and Caicos Islands work through our 3 decades in the TCI, provides great comfort to our buyers and trust from our sellers.

As a part of our knowledge base, we keep our clients up to date with applicable sales data through the creation of our MARKET REPORT. We apply considerable time and resources to analyzing and tracking sales statistics, converting this raw data into a format thats easily understood, then provided our buyers and sellers through our blog.

We extend an invitation to any property owner who is considering selling a property to contact us for a private cosultation.

 

 

 

 

 

 

 

 


by RIE

Real Estate Sales for the First Quarter of 2012 Enjoyed a Significant Increase.

The number of properties sold in the Turks and Caicos increased by over 80 percent in the first quarter of 2012 over the same period in 2011.

This is according to a Market Analysis recently completed by Regency International Estates - The Exclusive Affiliates of Christies International Real Estate,  and figures from the Turks and Caicos Real Estate Association (TCREA). 

As can be seen from this market report, around $50 million of real estate has been sold in the first three months of 2012, almost three time that of the same period for 2011. Whilst significant by itself, the TCI has also seen the average sale price almost double for the same period.

We have also seen a significant increase in high value sales, with individual properties being acquired in the $6 million to $12.5 million range. Whilst many of these high value sales represent the private condo and villa sectors,  we have now seen tourist related development properties change hands.  This is extremely significant as this may result in new hotel projects for the Turks and caicos Islands,  possibly as soon as 2013.

 

MARKET SNAPSHOT

FULL STATISTICS CAN BE FOUND IN OUR NEW BLOG "TURKS AND CAICOS ISLANDS MARKET REPORT" 


by RIE

One of the hottest locations on the planet.

You will find there’s common myth in business circles that investing in real estate property is riskier as compared to dealing in bonds and stocks. But it is not very the actuality as property investments have been typically the most popular technique of savvy investors for more than 50 years now leading them to be multi-millionaires and even billionaires from intelligent dealing in property. The possibilites of making substantial amounts of income is there in property investments but it really is not all roses, like all investments property has it is pitfalls like the fact that you simply can’t ever be sure you will find good assets on the market.

The current bursting of the property bubble made paupers of those that missed it coming and there were lots of who fell target to the great fall in the market. With the future not looking so shiny in the marketplace for a lot of years to come, sensible investors have seen a one-time only chance in the kind of the Turks and Caicos islands. On the surface, it seems to be the ideal choice. Idyllic location, not an incredibly popular tourist attraction yet though there appears to be marketing efforts being made to change this. Right now there are already around 200,000 vistiors annually which is a pretty decent number but it is set to rise dramtialy over the next five to ten years.

Because of the lack of tourism real estate investment is being snapped up buy investors quickly and at bargain prices. The best thing abotu Turks and Caicos is that the only 8 out of the 40 isalnds are populated and Provdenciales makes up the majority of the population. With so much free land available, there will be a host of development opportunities though naturally the local government will not allow any business to spoil the scenic beauty of the islands.

When you purchase real estate investment property on the Turks and Caicos islands, it belongs to you which guarantees you are able to rent out the accommodation to interested parties. Over the few years this location is set to be one of the hottest locations on the planet and so the owners by then will be able to call the proces themselves. It should be noted that landlords of these properties are responsible for paying the mortgage and maintenance costs. However, the zero tax rate enjoyed by property owners in the Turks and Caicos islands is a real boon and the rent charged to visitors should easily cover mortgage repayments and generate some extra profit on top.

Those who will be interested in renting out property on these beautiful islands are likely to be wealthy business people so there should be no worries about bringing in bad tenants who cause damage. So now you can see that investing in rela estate is bound to make you alot more money as compared to stock and shares because property values are set to increase should you determine to sell and renting the property to tenants is an ideal way of generating a respectable second income in the meantime.

Be smart like the other investors look into proeprties for example Turks and Caicos real estate and make your offer beofre everyone else does.

Made up of over 40 islands and small cays,our islands are situated about 575 miles south-east of Miami and 90 miles north of the Dominican Republic.

As being a British Overseas Territory while using US Dollar as the standard currency, luxury real estate investments are ideally suited.


by RIE

The Turks and Caicos Weekly News

Tuesday, Oct 25, 2011

By Gemma Handy

A TWO BILLION dollar luxury development – featuring two hotels, 35 villas and plush condos – is heading for North Caicos.

The Greenwich Beach Resort & Spa is the latest in a string of forthcoming projects recently announced, sparking hopes that TCI is on the cusp of a financial comeback.Proposals for a European style-resort in Grace Bay, a new hotel in Grand Turk, and the revival of the long shelved West Caicos project are also causing a stir.And they’re all hot on the heels of a healthy surge in tourist numbers.

From home theatres to wine cellars, interior water features to a full service spa, Greenwich Beach bosses hope to attract an abundance of well-heeled clientele to North Caicos.The scheme will be spread out over 50 gated acres on the north coast of the isle, accessible only by golf cart.Developers plan to maintain the ‘garden island’s’ pristine beauty with a host of eco-friendly initiatives including limiting boats into the lighted lagoon to electric-powered vessels only.Up to 35 custom estate homes, all with either beach or lagoon frontage, will be created along with high-end condos, two five-star hotels, three restaurants and a marina.

With Provo’s new longer runway now complete, paving the way for direct transatlantic flights, plans for a 250-300 room European-style hotel in Providenciales are also on the table.

Complete with conference facilities, it is destined for a spot near the Seven Stars resort in Grace Bay and has already attracted backing from advisory council members.
A government spokesman said: “It would mark a diversification of the tourist sector from a condominium based model and into another distinct area that could attract a new market.”TCInvest is to lead negotiations with the developers, in consultation with the Governor’s office.

Earlier this month, Grand Turk pastor Chad Archbold briefed the consultative forum about a blueprint for a large hotel under discussion for the capital island.

Meanwhile, plans to restart work on West Caicos are gathering momentum. Governor Ric Todd was due to present a consultation document with details of the scheme to the advisory council this week. It will then be released to the public for further input.The Molasses Reef project has been on ice since September 2008 following the collapse of Lehman Brothers.The luxury 125-room hotel and 30 condominiums were 75 per cent complete with most of the condos already sold, when the US investment bank filed for bankruptcy listing debts of $613bn, the biggest in American history.Work on the exclusive Ritz Carlton-branded scheme, one the largest projects the TCI has ever seen, had been underway for two years.

The previously uninhabited 11-square mile island features some of the region’s finest beaches while the surrounding reef is said to be the final resting place of Columbus’ Pinta.
It is hoped the scheme’s resurgence, along with the other developments in the pipeline, will kickstart TCI’s listless construction industry and spawn a plethora of new jobs.
This month Tourist Board figures revealed TCI had seen an 18 per cent rise in visitor numbers for the first half of the year, compared to the same period last year.

Between January and June, the country welcomed in 222,596 visitors. A campaign to lure more visitors to the sister islands too is now underway via eye-catching billboards and media advertisements.

www.theturksandcaicos.com


by RIE

A perfect vacation and investment property on one of the worlds best beaches.

Regency International Estates offers a new luxury property in the Turks and Caicos Islands.

Located on the 4th floor, this stunning fully furnished 2 bedroom,21/2 bathroom beachfront unitis a popular and desired layout in one of the most beautiful and sleek Condo resorts on Grace Bay beach. As seen from the Virtual Tour this 1,850 sq. ft. suite has a layout that splits into two rental units allowing you to maximize your rental income when not in residence. The unit has a positive rental income for 2011 YTD.

The architecture of the West Bay Club is reminiscent of some of the finest Caribbean properties with its use of cedar shingle roofs, coral render, aged woods and white washed walls. The Resort features a full restaurant and bar with a unique self-service BBQ area right on the beachfront.A modern fitness center and professional spa service add to the 

West Bay Clubs amenities, highlighted by a sprawling pool that meanders through a lush & luxurious landscape.

Further details can be found at Christie's International Real Estate ID#1845

$ Price Upon Request


by RIE

 What's the off-shore draw?

Located some 80 minutes southeast of Miami, off the Florida Keys are the Turks & Caicos Islands. Often referred to as TCI for short, this small beautiful British Dependent Territory, south of the Bahamas has grown to become a vacation and retirement destination for many Canadians, and theres no wonder why. No different than the droves of Canadians that head out of the city to cottage country each summer, with multiple direct flights out of Toronto each week, more and more Canadians are opting to invest in a second leisure home in TCI to truly get away from it all and enjoy 12 months of endless summers.

Why buy a home in TCI? 


The Turks and Caicos Islands are blessed with some of the most stunning beach coastlines in the entire world and have won many awards for having some of the “Worlds Best Beaches” In less time than you can go from the GTA to Niagara Falls and back, you can be kicking back with a cocktail on one of the best beaches in the entire world. With sandy beaches that stretch for miles as part of a national park system, it comes as no surprise that travellers consistently rate TCI beaches amongst the very best in the world. And with over 300 days of sunshine each year it is hard not to reconnect with nature and indulge in an active outdoor lifestyle.


In the Turks and Caicos you will soon understand that you may never see a traffic jam again. There is not even a single traffic light or fast-food franchise, and for that matter not even a single mall in the entire exists country. But that’s not what you are looking for, its what you are looking to leave behinf. Fortunately, you are not far away from anything and can be where you want to be in an average of 10 minutes. If you do like to shop or wine and dine you will find a cornucopia of boutiques, duty-free, unique eateries, coffee shops, nightlife and fine dining venues. Prefer to eat in and stay connected with the world outside.No problem. What you want is what you get. It is all here. From the simple to the sublime, TCI is the perfect idyllic setting to get back to basics and redefine life as you have always dreamed it could be.
Buying process
Whether you are interested in buying a charming Caribbean cottage, penthouse condominium or a lavish villa, the process of buying a home in TCI is easy. In fact, it is very similar to the process of buying a home in Canada.

Given the strength of the Canadian dollar coupled with historically low interest rates, and softening in the marketplace created due to the downturn in the U.S. economy, now is the best time in over two decades to invest in the TCI real estate market. With luxury fully furnished condos minutes from the beach priced from as low as $140,000 ,much less than the price of even a modest cottage in Canada - it's no wonder the number of people arriving in TCI is up by at least10% since last year.

www.theturksandcaicos.com

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