If you are looking to buy a Caribbean vacation property, there is no better place than Grace Bay Beach in the Turks and Caicos. World famous Grace Bay, is a constant at the top of travel sites ‘Best Beach’ lists yearly, and for good reason. With miles of white sand beaches, and turquoise blue water, Grace Bay is a living post card.
High End Properties on Grace Bay
There are no shortage of high end properties on Grace Bay; they are more the norm than the exception. Obviously prices will vary significantly from a studio to a 3 bedroom penthouse, but it is not a market which will appeal to every buyer. If you are in the high end market however, there are a number of different resorts with different appeals and different feels.
Of course depending on your needs for the condo, you will also want to look into the rental income for the condo and resort as a whole. Even if you don’t plan to rent it out today, things can change and some resorts simply do better than others.
More Affordable Options on Grace Bay
For those a little more budget conscience, there are some great properties on Grace Bay. They may lack some of the amenities of the bigger resorts, but they are still share the same great beaches and views. Often these resorts do even better in terms of rental income, as they tend to be rented on a more steady basis.
Of course if you are willing to lose a bit of view, another great option is to be ‘one row back’, and look at properties just off the beach. Just a short walk can save you significant dollars on your vacation property in the Turks and Caicos.
Financing Condos on Grace Bay
The great news about financing properties on Grace Bay, is there are always willing lenders for these highly marketable properties. Generally all of our options max out at 50% loan to value, financing is much different in the Caribbean than North America. Our wide array of options however, can make it easier to qualify for those who may not qualify through the banks.
If you are looking to purchase a condo on Grace Bay, talk to us about our financing options. Your vacation property in the sun is just a click away with Carib Capital!
