• Average asking price $3,667,749
  • % + or - average Caribbean property price +39%
  • Property price range $325,000 - $25,000,000
  • Average price per sq ft $773
  • Annual tourist arrivals 385,531
  • % change in annual tourist arrivals +8.1%

Overview – The Turks & Caicos Real Estate Market

Comprised of 40 islands and cays with 230 miles of pristine white sand beaches (including what is considered by many to be “the best beach in the world”) and beautiful coral reefs, the Turks and Caicos Islands offers an intoxicating mix of stunning natural beauty, sophisticated infrastructure, high quality hotels and an attractive tax environment. This combination has created a strong foundation for economic growth and a rapidly expanding tourism sector that grew by over 40% in 2014 – the the fastest rate of any Caribbean destination. Stayover arrivals expanded by a further 8.1% in 2015. Turks & Caicos’s real estate market also grew at a rapid rate in 2015. As a British Overseas Territory with a US Dollar-based economy located just 75 minutes from Miami, the Turks and Caicos Islands has established itself as a firm favourite with American, Canadian and British property investors.

Like Anguilla, the BVI and the Cayman Islands (all of which are British Overseas Territories), the Turks and Caicos Islands offers spectacular luxury beachfront homes for sale in some of the world’s most prestigious property developments and private island resorts. Areas of particular interest include Providenciales, (Grace Bay, Long Bay, Chalk Sound), Pine Cay, Parrot Cay, Middle Caicos and South Caicos.

 

Search our Turks & Caicos Real Estate Listings

As specialists in luxury Caribbean property, we can introduce you to a wide selection of the finest residential property, land for sale and commercial real estate in the Turks & Caicos Islands.

Our agents in the TCI can offer unrivaled local insight into the market and the most desirable investment opportunities.

To discover your perfect property in Turks & Caicos, search our Turks & Caicos real estate listings.

 

Areas – Providenciales

Providenciales

Discover Providenciales – Read our Guide to Providenciales Real Estate.

Chalk Sound

Discover Chalk Sound – Read our Guide to Chalk Sound Real Estate.

Grace Bay

Discover Grace Bay – Read our Guide to Grace Bay Real Estate.

Leeward

Discover Leeward – Read our Guide to Leeward Real Estate.

Long Bay

Discover Long Bay – Read our Guide to Long Bay Real Estate.

Sapodilla Bay

Discover Sapodilla Bay – Read our Guide to Sapodilla Bay Real Estate.

Turtle Cove

Discover Turtle Cove – Read our Guide to Turtle Cove Real Estate.

 

Areas – Other Islands

Grand Turk

Discover Grand Turk – Read our Guide to Grand Turk Real Estate.

Middle Caicos

Discover Middle Caicos – Read our Guide to Middle Caicos Real Estate.

North Caicos

Discover North Caicos – Read our Guide to North Caicos Real Estate.

Parrot Cay

Discover Parrot Cay – Read our Guide to Parrot Cay Real Estate.

Pine Cay

Discover Pine Cay – Read our Guide to Pine Cay Real Estate.

Providenciales

Discover Providenciales – Read our Guide to Providenciales Real Estate.

South Caicos

Discover South Caicos – Read our Guide to South Caicos Real Estate.

 

Buying Property in the Turks & Caicos Islands

There are no restrictions on foreign buyers acquiring real estate in Turks and Caicos. Property can be purchased by an individual or corporation and no license is required.

Once you have made an offer for a property and that offer has been accepted, you will need to engage an attorney to review the Sales Agreement. Attorney’s fees typically amount to 1-2% of the purchase price. Upon signing the Sales Agreement, you will need to pay a 10% deposit. The balance must be paid upon closing.

Buyers are responsible for paying stamp duty which varies depending on property price and location. For Providenciales, Parrot Cay, Dellis Cay, Ambergris Cay, Water Cay, East and West Caicos, stamp duty is 10% for properties over $500,000. For Grand Turk, North, South and Middle Caicos, stamp duty is 6.5% for properties over $100,000.

Through an investment in Turks and Caicos real estate it is possible to apply for a Permanent Residency Certificate.

 

Mortgages in Turks & Caicos

Looking for financing to fund the purchase of property in the Caribbean?

Contrary to popular misconception, it is possible for foreign nationals looking to invest in Turks & Caicos real estate to apply for a mortgage.

Our partner – a very well respected international financial organization – offers mortgages for qualifying non-residents buying, building or improving a second home in the Turks & Caicos Islands.

For more information, see our page on: Caribbean mortgages.

 

Turks and Caicos – Land for Sale

Purchasing a lot of land provides you with a blank canvas and the opportunity to build your dream home in Turks and Caicos.

Whether you are looking for beachfront land or a centrally located plot, we offer various lots of land for sale in Turks and Caicos.

For larger parcels of land for commercial development, please see our commercial real estate listings.

 

Saving on Your Purchase

You could save money when investing in Turks & Caicos real estate by using a foreign exchange expert to get the best rate for your property purchase. We have partnered with Halo Financial, a specialist in foreign exchange, to help you get the best exchange rates when making one-off or regular international payments for a property purchase in the Turks & Caicos Islands. To see how you could save money, read more: Foreign Exchange.

 

Getting to Turks & Caicos

Various airlines operate direct flights to Turks and Caicos from cities across the United States and Canada.

From the USA, there are direct flights to Turks and Caicos from Atlanta (Delta), Boston, New York and Miami (American Airlines), Charlotte and Philadelphia (US Airways). From Canada, there are direct flights from Montreal (WestJet), Halifax, Ottawa and Toronto (Air Canada).

From Europe, fly to Miami Airport and take a connecting flight to Providenciales in the Turks and Caicos Islands.

Atlanta to TCI: 2 hours
Boston to TCI: 3 hours 15 mins
Charlotte to TCI: 2 hours 15 mins
Miami to TCI: 75 mins
New York to TCI: 3 hours
Toronto to TCI: 3 hours 30 mins

Local weather

25° Precipitacion0.02%
Sun 25° | 26°
Mon 25° | 26°
Tue 25° | 26°
Wed 25° | 27°
Thu 26° | 27°
Fri 25° | 27°
Sat 25° | 27°

Local time

10:25AM Sunday 22nd Apr 2018 (AST)
Sun 25° | 26°
Mon 25° | 26°
Tue 25° | 26°
Wed 25° | 27°
Thu 26° | 27°
Fri 25° | 27°
Sat 25° | 27°

Fast facts

  • Population 49,000
  • Capital Cockburn Town
  • Language English
  • Currency US Dollar
  • Time zone GMT-4 | ET