WINTER SUN FOCUS: TURKS & CAICOS ISLANDS


homeowners, including Bruce Willis, these small and very private islands provoke peace and exclusivity by prohibiting cars and making Pine Cay a members-only island – you’ll have to pass the particular requirements of the home association in order to qualify to live here. Right now the cheapest price for a slice of


paradise is $1,250,000 for a three bedroom home with 1.8 acres of land and 300ſt of prime Pine Cay beach frontage. ‘Sandcastle’ is available through Regency-Christie’s International (theturksandcaicos.com) and includes a separate two-bedroom guest house. Life on Provo is centred on the seven-mile,


multi-award-winning Grace Bay beach. With its prized tropical fish in swimming distance and protected turtle species choosing to lay their eggs here, it’s no wonder almost all the hotels are located here. Anne and Geoff Johnson from Oxford,


England, bought there in 2009 and now enjoy spending up to half the year in their two-bedroom beachfront apartment on Grace Bay beach for which they paid $750,000 (£463k). Tey rent it out for between $4-7,000 per week, low/ high season. “Te demand to rent our apartment has


been staggering. I chose to manage the bookings myself but never expected to be this busy with enquiries!” says Anne, 52, who only started renting it nine months ago and has had 90 per cent occupancy rates when not using it. “We’ve had a variety of nationalities, including Americans, Canadians, Italians and Germans,” adds Geoff, 53, who enjoys the laid-back attitude and the stress-free lifestyle that is easily enjoyed on the islands. “Te apartment is paying for itself. Even


better, I’m told the value is ever-increasing, not that I can ever envision wanting to sell!” Graham Canham, of Coldwell Banker


Real Estate Agents TCI (coldwellbankertci. com), has seen new levels of interest from foreign buyers, who have a typical budget of $500,000-$1 million and are usually looking for a condo-hotel or a waterfront home a short walk to the beach. “I would say around 20 per cent of buyers


are Canadian and 5 per cent European, with the rest American, but I’ve also started receiving interest from South American buyers. As more people holiday here, I’m sure the demographic is going to continue to increase. Buyers have returned here in the past two years. I’ve never been so busy.” He says that typically, buyers like to know


how the rentals of their property will work. “Tey ask ‘Can it be rented and for how


much?’. Grace Bay Beach hotel-condos lead the way, both in terms of desirability and rent-ability. But the nearby area of Leeward Beach which has houses both on the beach and behind is also quite popular.” Te reason these idyllic Islands are


investment heaven is TCI’s continuing strength as a holiday destination – detailed above - as Graham explains: “Te demand in short-term rental returns have dramatically improved island wide as a product of the continued increase in tourist arrivals. Te traditional ‘busy season’ is extending further and further into the summer. Te condo- hotels still dominate, however more tourists are opting to rent a villa for their week here. If you want beachfront, plan to book 10-12 months in advance!” Provo houses have a definite style about


them that are well suited to island living. A large portion of the houses on the open


$395,000 (£236,127), Alexandra Resort, Grace Bay Beach, Providenciales With 600ft of Grace Bay Beach to soak up, as well as top class on-site spa, popular restaurant and pool with swim-up bar, there’s no reason to leave your one-bedroom apartment. turksandcaicosproperty.com


market today were built within the past decade, of a concrete construction, making them low maintenance and cool to live in. Many boast wooden cathedral ceilings and wrap-around verandas to maximise the effects of open-plan living and stunning sea views. Te trend for a lot of home owners here is to buy a two storey house, using the second storey as their home and converting the bottom storey into two self-contained apartments for either long or short term lets. Te main attraction for overseas buyers is


always the spectacular views, which come at a premium. However, the property examples pictured leſt and below are all available now, and for less than £250k§


Although a British Overseas Territory, TCI is still managed by local authorities, who have just increased the visitor allowance from 30 days to up to 90 days upon arrival, with extended stays for investors


$187,000 (£111,780): Ocean Club Resort, Grace Bay Beach, Providenciales This attractively priced Ocean Club Deluxe Studio apartment is located on the most valuable strip of Providenciales – Grace Bay Beach. This well established resort can rent this unit for you for up to $400 per night (minus commission charges). turksandcaicosproperty.com


$385,000 (£230,147), Discovery Bay, Providenciales Discovery Bay is a popular relocation choice. It’s well situated for amenities and beaches but is still in a private setting, with the majority of houses having canal frontage, like ‘Palm Breeze’, a large three-bed two-storey canal-front home. coldwellbankertci.com


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