The Turks and Caicos Islands consist of two island groups, the smallest being the Turks Islands and the larger Caicos Islands. There is a population of about 30000. The Queen of England is sovereign and the language is English.
The islands have a thriving economy including tourism, construction, retail and financial services. Tourism is flourishing and the islands have one of the longest coral reefs in the Caribbean which is oasis for divers.
The Turks and Caicos property market has been growing at a steady rate with an increase in interest for the islands and luxurious developments. There is some appealing property for sale in Turks and Caicos with an array of new home developments that have been built. Some stunning, luxurious property built on the beach front has been allowed by the Government's policy to protect the natural beauty of the island. Planning laws only allow for low density properties to be built, preserving the islands' natural beauty and ambience. This will attract wealthy buyers focused on the luxury market to buy elegant homes in amazing and unspoilt locations.
There is also not a restriction for overseas purchasers to buy property in Turks and Caicos, as for those wishing to invest in property here, there are no requirements for residency. The islands also attract a multitude of investors and buyers because it is a tax haven. Investors include overseas commercial companies, people wishing to retire in the sunshine, smaller investors and those wishing to buy a second property because of its high reputation. The fact that there is no income tax is an additional bonus for buyers of Turks and Caicos property.
Investors who would like to make the best of expanding tourism can buy a range of Turks and Caicos holiday villas, houses and apartments. A brand new cruise port is being developed on Grand Turk Island, bringing more tourists to the island, and several new condominium developments have sprung up around this location. The islands are a haven for scuba-divers as they boast one of the largest coral reefs in the Caribbean and there are many moorings and bays for sailing boats and those who wish to sail around the islands, which is another popular tourist attraction.
Providenciales, known as Provo, to the west, is a popular tourist destination and well connected by many global airlines. It has modern amenities combined with stunning beaches and views. There is a mixture of old and new architecture and an array of bars and restaurants to entertain tourists.
There are also many golf courses and casinos and complexes that beckon to the island's tourists, therefore investors who buy Turks and Caicos property are almost guranteed high yield from growing tourism and especially wealthy tourists. Turks and Caicos villas may be rented out for a substantial amount which equals higher returns.
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Written by Peter Aps of Tailored Home. >>>> Visit the website for more information on
Turks and Caicos property:
www.tailoredhome.net/TurksandCaicos
