Turks and Caicos' luxury real estate market is hot
December 16, 2019 - Turks and Caicos Islands
An increase in high-end development and a few “trophy listings” have helped turn the Turks and Caicos Islands into a hot luxury vacation destination.
The islands drew headlines earlier this year when an estate that once belonged to Prince sold for $10.8 million and Bruce Willis sold his home there for $27 million.
“There’s definitely been an uptick in our high-end market,” said Nina Siegenthaler, vice president of Sotheby’s Turks and Caicos.
Some of those properties on the market include a 9,000-square-foot waterfront villa on the island of Providenciales, which was just reduced from $9.5 million to $7.29 million, and a brand new 11,954-square-foot villa at the Amanyara resort, which just hit the market for $7.5 million.
“It still has intimacy, it has beauty and it has quality, luxury property,” Siegenthaler said.
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Trends, property market, real estate market, real estate prices