Posted on 28 Jul
Turks & Caicos is once again welcoming tourists, reopening this month after a months-long halt in travel to the tropical archipelago. The airport on Providenciales has resumed operations, with safety conditions in place for arriving passengers, while beaches, pubs and restaurants have also reopened for business.
“We are very excited to welcome back friends and guests to Turks & Caicos,” says Sean O’Neill, Managing Director of The Agency Turks & Caicos. “We have had a number of months to reflect on what makes this place so uniquely special, and we are happy that so many people feel the same passion, given the number of visitors who wish to return.” Sean also noted that interest in real estate and vacation rentals continues to rise, as well as referrals from The Agency global offices, as clients worldwide seek a Caribbean island escape.
As the borders reopened, The Agency Turks & Caicos Q2 2020 Report was released, showing that despite borders being closed for nearly the entire quarter, the real estate market performed very well. The 50% reduction in Stamp Duty by the government helped ensure that properties already under contract closed and encouraged prospective buyers to make offers on others, the report notes. The second quarter saw a 20% increase in the average sale price compared to 2019, even if the overall number of sales dropped. The single-family home market, driven largely by the luxury home sector, buoyed the market, as buyers from around the world put a premium on space.
“People are now realizing that they can work remotely far more easily than they thought, permitting a shift from urban centers to lifestyle destinations such as Turks & Caicos, and we feel this movement will continue in 2020,” says Managing Director Ian Hurdle. Read the full Q2 2020 report here.
Among featured vacation rentals is Vision Beach, a stunning modern beach house located on the exclusive Prince of Wales Drive on Grace Bay Beach, rated one of the best beaches in the world. Represented by Sean and Ian, the private villa can accommodate up to 14 guests and features a professionally trained staff, including a chef and butler, a beach deck, fire pit lounge, private pool, kayaks and paddleboards for enjoying the turquoise waters at your doorstep.
Also available to rent is the magnificent Triton Luxury Villa, situated on two acres along the pristine Long Bay Beach. Triton features 10,000 square feet of beachfront living space, including seven bedrooms, an outdoor movie theater with fire pit, two pools, tennis court, villa butler and glass front pool with ocean view.
Among properties for sale in Turks & Caicos is Wymara Villa 5107, a four-bedroom villa by Coast Architects, featuring an oceanfront, infinity-edged pool, sunken fire pit, and above-water sundeck. With views overlooking the Caicos Banks, the villa also offers clubhouse access and the amenities of the Wymara Turks + Caicos Hotel on Grace Bay.
Known as Owl’s Nest, 497 Chalk Sound Road is a charming three-bedroom home with a dock and sun deck that extends over the calm waters of Chalk Sound. The extensively remodeled home is located minutes from Sapodilla Bay and features spacious waterfront terraces and dining patios. Explore more available real estate and vacation rentals at TheAgencyRE.com/Turks-and-Caicos.