Whats fun to do in the Turks and Caicos Islands ?

Thought I would start doing a series of posts based on this question as I have been asked it so many times.

I have a feeling that some folks just don't get what we have to offer in the turks and Caicos Islands !!! Time to spotlight the Monaco of the Caribbean.

This was taken just offshore from Grace Bay Beach, voted one of worlds best beaches, looks like it could be fun... Actualy, I know its fun

Take a look at the amazing lifestyle we enjoy in The Turks and Caicos Islands.

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.

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

 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

The Leeward community is located in quiet area of Providenciales (Provo) and is l argely made up of high-end homes. It sits just minutes from powder soft white sandy beaches of Grace Bay and the Leeward going-though passage on the eastern end of the island. A lush mangrove system, which is ideal for exploring by kayak, sits right across the channel, as well as the famous Iguana Island and Hal f Moon Bay that is just a short boat ride away. The Leeward canal system with its many luxury homes connects to one of the island’s main marinas and is a hub for the island's water sports activities.

Located to the South of the property is also the inter-island ferry service connecting you with many of the Turks and Caicos Islands hidden jewels. It’s also a short 7 minute drive to the main stretch of tourist activity, restaurants, shops, boutiques, spas, golf, casinos and other attractions.

Nestled amongst .76 acres of beautifully landscaped gardens sits this 5-bedroom and 4-bathroom canal front home, offering luxury living with an intelligent design in one of the most affluent areas in the Turks and Caicos Islands. As you enter the gated driveway you are instantly struck by the homes light, crisp appearance, elegant palms, and vivid splashes of tropical color from the many multicolored Bougainvillea surrounding the property.

The interior is open and airy, with over 3,649 Sq Ft of air-conditioned space; the home has been designed using modern, energy efficient, eco friendly materials. Giving you everything that traditional construction offers, whilst reducing carrying costs.

The living room is bright and spacious with a large flat screen TV and full surround sound system, making this a wonderful entertainment area. Once you open the living room's 3 large patio doors you now flow into the beautiful outside living space making this a perfect Caribbean experience.

Modern Stainless Steel appliances and Custom Cabinetry adorn the large kitchen with breakfast bar open to the dining room.

Bedrooms are large and comfortable with a master bedroom overlooking the beautiful gardens, and an ensuite bathroom fit for a queen. The layout allows for a 5-bedroom or 3 bedrooms, gym, and office space as it is today. Everything comes fully furnished and ready to move in.

The focal point of this property has to be its outside living spaces and sparkling turquoise swimming pool with wraparound decking and dedicated BBQ hut. Sitting between the pool and the crystal clear canal is a unique Pergola complete with fire pit and seating area, allowing you to take in the starlit nights in front of the fire.

The property has a 110 ft dock that can accommodate most pleasure craft, and once you cast off you are just a 5-minute boat ride to the open ocean of the spectacular North Shore. About the same time it takes for you to get to the award winning Grace Bay Beach from your front door.

In talking with the owner of the property he explains that the home was designed to accommodate a wide cross section of buyers. He wanted to provide options to those looking for real estate in the Turks and Caicos Islands, such as a large family, vacation home, or rental income property. But most importantly he explains, the home accommodates the baby boomer lifestyle, and with the addition of the Turks and Caicos Islands new state-of-the-art hospital with InterHealth Canada, and upcoming completion of the airport expansion with its expected increase in European traffic it should be a very sought after property for the baby boomer looking for health and wealth preservation.

TAKE A TOUR