In the past couple of weeks, we have heard 2 big announcements about new resorts coming to the Turks and Caicos. Cooper Jack Developments (no brand announced) and Ritz Carlton are 2 we have heard about so far. Both developments will add significant short and long term employment to the Island. They will also increase the reputation of Turks and Caicos as a world class destination.
Commercial and Residential Construction
With more jobs, comes more demand for long term accommodation. Turks and Caicos is experiencing a shortage of this right now, and things will not get better once the trades start to arrive. Buying property to rent or to build long term accommodation is already picking up steam. Both these new resorts are expected to begin construction in the late fall. Now is the time to get into the rental market in the Turks and Caicos.
Unless you are lucky enough to have the cash to buy your rental properties, Carib Capital is there to assist you with your financing needs. Contact us today to discuss the types of properties we can assist you in financing. We can help you get your foot into the TCI real estate market sooner. As we know, with more demand comes higher prices. Now is the time to get a deal on Caribbean real estate.
