Demand for Caribbean real estate doubled in the first six months of 2015, according to analysis conducted by 7th Heaven Properties, a Caribbean luxury property specialist organization. Market demand was driven mostly by buyers from the United States and Canada, as well as a 30% increase in demand from buyers from the UK.
All segments of the real estate market reported increases, with demand for properties prices below $1 million USD increasing from 39% to 44%, and demand for properties priced above $1 million USD more than doubling.
The increase in inquiries was highest in St. Kitts, Antigua, the Dominican Republic and Turks and Caicos Islands.
In Turks and Caicos, demand was particularly strong for luxury beachfront villas, according to Turks and Caicos Sothebys International Real Estate. One property in particular that caught the attention of many buyers was The Shore Club.
The Shore Club is the latest development by The Hartling Group, an award winning developer of beachfront resorts on exclusive Providenciales for two decades. The Shore Club features 36 beachfront condos in two low rise buildings, and six, 8,600 square foot, six bedroom beachfront villas. Condos start from $1.65 million and villas from $5.5 million. The resort is scheduled to open in early 2016.
For more information visit www.theshoreclubtc.com.