Deandrea Hamilton | Editor
Turks and Caicos, June 29, 2025 – At the Turks and Caicos Islands Business Outlook 2025, industry expert and White Rock Realty owner Snjezana Andrews offered a compelling case for why real estate is the second-largest non-tourism revenue generator in the country—and why it will remain central to future development.
Andrews emphasized that, according to the national budget documents, accommodation tax generated $102.5 million in 2022–23 and $106.5 million in 2023–24, while real estate stamp duties collected $56.7 million and $58.3 million in the respective years. That places real estate commissions as the second-largest industry generator nation-wide, trailing only tourism and outpacing import duties .
Pointing to soaring land sales, she cited the Sotheby’s Q1 2025 report showing average land prices of $2 million, with North Americans comprising 45% of buyers, followed by Canadians at 25% suntci.com. Andrews traced the evolution of investment: from Grace Bay’s early dominance deep into Long Bay, then “Venetian Road,” Discovery Bay, and now North Shores—highlighted by exclusive developments like La Sirena Villas and high-end projects sprouting near North West Point.
Beyond Providenciales, investment trends are redefining other islands. On South Caicos, ultra-luxury resorts such as Sailrock and Salterra have driven land value increases of some 300%, while North Caicos now commands entry prices of $100k-plus per parcel.
However, Andrews stressed that sustainable development requires infrastructure to keep pace—roads, utilities, waste systems, and housing. She made a clear call: “Rapid surge in development can create crisis if you are unprepared, but it also creates opportunity”—for retailers, service providers, construction, financial services, consulting, and more.
A Certified Public Accountant and serial entrepreneur, Andrews underscored the ripple effect: real estate isn’t just property—it’s the catalyst for growth. “With proper planning, TCI can evolve from humble beginnings to a global luxury destination,” she said.
Her presentation left the audience with one clear message: “Now is the time to invest in the next chapter of Turks and Caicos real estate.”
