Turks & Caicos real estate sales volumes registered a slight increase during the third quarter of 2017.
Quarterly Property Sales Volumes Up
According to the latest data released by the Turks & Caicos Real Estate Association, the number of real estate sales completed between July and September of this year rose from 249 during the third quarter of 2016 to 252 during the same period of this year.
This follows a strong Q2 2017 for TCI real estate sales which saw sales increase by 7%.
Turks & Caicos real estate
Average Selling Price Down 8%
While the overall volume of sales increased, the average selling price decreased by approximately 8% from US $827,918 to $758,988 making much sought-after Turks & Caicos real estate a little more affordable for property buyers.
The figures illustrate the confidence of international investors in the Turks & Caicos property market.
TCI Open for Business
Despite having been hit by Hurricane Irma in September, the Turks & Caicos Islands are well and truly back open for business.
Businesses have reopened their doors and almost all resorts are back open.
Thanks to stringent building codes, the TCI’s infrastructure and new construction found itself largely unscathed.
New Real Estate Developments in the Pipeline
As the Islands continue to promote the message that they are back open for business, several villa and condo developments on Providenciales, Middle Caicos and South Caicos continue with construction.
With new projects in the pipeline in areas including Grace Bay, Leeward and Long Bay, the resilient real estate market in the Turks & Caicos Islands goes from strength to strength.