Luxury Real Estate trending extremely well for Turks and Caicos

By Dana Malcolm

Staff writer

#TurksandCaicos, November 17, 2022 – Luxury Buyers are looking for real estate and other hard assets thanks to inflation according to Christie’s Realty in a recent.  The company which has a Turks and Caicos office, says  “The demand for luxury real estate as a safe-haven investment remains strong as buyers seek a hedge against inflation.”

As for what this may mean for the TCI, the Realty says wealthy customers are looking for waterfront homes especially, a reasonably easy ask for the Turks and Caicos with its porous nature resulting from its many islands. In addition the desire for second homes is trending up as worldwide buyers take advantage of the pandemic-popularized opportunities to work from home.

Christie’s says it’s unlikely that the hot housing market will cool down anytime soon.

The Year 2021 was a banner one for real estate in the Turks and Caicos islands with predictions for 2022 equally as good remaining steady in Q1 of the year.

Sotheby’s International Realty, in its 1st quarter report had said “Construction throughout Providenciales, even without large scale vertical development, is at an all-time high.”

With the Ritz Carlton Tower, Rock House Reserve villas and other beachfront properties across the islands performing so fabulously, that the country may see sales close to or matching last year’s historic numbers.