Investing in Luxury Real Estate: Why Turks & Caicos?

high demand for vacant land to build luxury homes

If the idea of relocating to a beautiful, exotic destination seems like a dream, but you don’t know where to start, look no further than the islands of Turks and Caicos. Investing in property on the islands with Keller Williams Turks and Caicos may very well be your dream come true. Captivated by the beautiful, award-winning beaches and turquoise-clear ocean waters, many regular visitors make the leap to living in the picturesque archipelago. Whether you are hoping to work, retire, or own investment property in a sunny destination, Turks and Caicos could be the perfect fit for you.

The time for Turks and Caicos is now!

As you may well know, investing in real estate is all about timing. Luckily, the Turks and Caicos islands are currently experiencing one of the strongest real estate markets in the Caribbean! Throughout the seven main islands, there is a wide range of available properties. From finished homes and villas, to multi-family residences and condominiums, there are options to suit just about every type of investment. For those who prefer a completely fresh start, there is vacant land, both beachfront and in-land, which is available across all the main islands.

If Turks and Caicos is a hot market now (pun intended), demand will only continue to grow. The future of the islands is exciting, boasting the fastest growing economy in the Caribbean, for locals and tourists to enjoy for years to come.

Get to know your options

Since the currency used in the Turks and Caicos islands is the US Dollar, many residents find it an easy transition from their current home. In fact, the easy accessibility of the islands to and from North America make it a top choice for many Keller Williams Turks and Caicos clients, including retirees, those investing in a secondary home or long-term rental, and anyone who wants to escape the cold weather of winter!

Depending on your purpose and length of stay, the process and options for residency vary. For example, if you are looking to retire or live in the country without local employment (either for vacation purposes, or otherwise), it may be simpler to obtain a temporary residency, or homeowner status.

Work permits, if you plan to relocate and fully establish yourself within the Turks and Caicos workplace economy, can be a greater hurdle – though definitely achievable! The majority of working foreigners obtain their initial status through a work permit, and eventually transition to one of the other legal residency statuses when they become applicable. Permanent Residence Status may be granted after 10 years of residency in the country or, in some cases, after a significant investment.

Regardless, before a decision is made to move, you can definitely take advantage of the maximum visitor stay that a tourism visa allows; this will enable you to get to know the islands, have a better understanding of your options, and find your dream property.

Ready to make the move?

A major move, even for a part time property, can be both intimidating and exciting at the very same time. Being equipped with all the information necessary to make a sound real estate decision is always the best way to approach a new investment opportunity.

Working with Keller Williams Turks and Caicos, we offer guidance at every step of the way in your journey to finding your dream home. With a trusted, knowledgeable agent, you will finally be able to make your exotic destination dream home come true.

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