With a beautiful stretch of pristine white sand, calm turquoise waters and a relaxed atmosphere, it’s no wonder that Long Bay Beach is such a popular spot to invest in property. Turks and Caicos is currently experiencing a very strong real estate market, and Long Bay Beach real estate in particular is highly sought after. Whether you’re looking to purchase a finished beachfront villa or home or buy a piece of land and build your dream home, there are plenty of real estate opportunities in the Long Bay Beach area.
Turks and Caicos Real Estate
Turks and Caicos consists of 40 islands, of which eight are inhabited. These include Providenciales, Salt Cay, Grand Turk, North Caicos, South Caicos, East Caicos, West Caicos and Middle Caicos. The island of Providenciales is the most developed island in Turks and Caicos and this is where you’ll find the vast majority of real estate opportunities. That being said, the lesser developed islands also have vacant plots of land available as well as residential properties.
Triton’s Structural Design, Pools and Solar Power
Triton Luxury Villa is a prime example of a high-end luxury vacation property along Long Bay Beach. This lavish seven-bedroom holiday home features modern tropical architecture and design with bright open spaces, eco-friendly solar panels, expansive landscaped grounds and two swimming pools including an ocean-facing glass-fronted main pool and an infinity-edge hot tub and pool. Additional facilities include an outdoor cinema with a fire pit, breezy cabanas, a gym, and tennis, bocce ball and basketball courts.
Buying Real Estate in Turks and Caicos
Turks and Caicos is a British Overseas Territory that does not place restrictions on foreigners owning property. Individuals can purchase vacant plots of land as well as finished villas, single-family homes, condominiums, townhouses, duplexes and commercial properties. However, foreign corporations and trusts cannot own property in Turks and Caicos.
Buying a Beachfront Home on Long Bay Beach
Long Bay Beach is the ideal area to buy a beachfront home because it has not been as intensively developed as other areas on Providenciales such as Grace Bay. Therefore, you can still find many oceanfront properties and plots of land. Moreover, Long Bay Beach is the perfect locale for a family home or vacation property because it features a beautiful three-mile stretch of white sand, calm shallow waters and plenty of opportunities for outdoor activities such as kiteboarding, kayaking and snorkelling.
Building a Home in Turks and Caicos
If you’re planning on building a home in Turks and Caicos, there are a few steps you will need to take. First you will need to acquire planning permission and a building permit. Once you have those, you can begin working with an architect and project manager to construct your home or villa. When the project is completed you will need to have your home inspected and obtain an Occupancy Certificate before you can connect the utilities and move in.
How Much Does a Luxury Beachfront Home Cost in Turks and Caicos?
The price of property in Turks and Caicos varies depending on a number of factors including the location, size of the land, and previous developments. Like anywhere in the world, beachfront property is more expensive than inland property. Real estate on Providenciales is typically more expensive than real estate on the other islands. However, no matter which island you decide to build on, you will have to pay taxes and fees including a stamp duty to the government that ranges from 0% (for properties under $25,000) to 10%. In addition, real estate agent fees range from 6% to 10%.
Disclaimer: Tritonluxuryvilla.com is not offering investment, legal and/or tax advice. This information is meant to be a helpful guide as opposed to official guidelines on buying, renting or investing in property on Turks and Caicos.