Turks & Caicos Sotheby’s International Realty has published their 2015 Year in Review report.
According to the report, real estate Turks and Caicos news continues to be positive. In 2015, the British Overseas Territory registered a 18.88% year on year increase in dollar volume (from over $210M to over $250M), according to local TCREA MLS statistics.
Overall sold listings increased 18.56% (from 264 to 313) indicating a broad market improvement.
The average price for real estate Turks and Caicos for sale increased from $797,707 in 2014 to to $799,876 in 2015.
Sotheby’s is the official broker for The Shore Club, a $100 million resort development on Long Bay beach. The projects consists of 38 two and three bedroom beachfront condos in two low-rise buildings, and six, 8,600 square foot beachfront villas. Condos start from $1.65 million, and villas from $5.5 million. The resort opens in 2016.
Resort amenities include three swimming pools, a spa, bespoke restaurants, retail outlets and tennis courts. The Shore Club occupies 820 feet of frontage and nine acres of land on 2.5 mile Long bay beach.
For more information visit www.theshoreclubtc.com.