News: Hidden treasures of the Caribbean

Thu, 15 Nov 07

Curious investors are discovering the Caribbean’s hidden investment secrets...

One of the biggest draws of the Turks & Caicos Islands is their unblemished appearance. A string of 40 islands, only eight of which are inhabited by only 25,000 people characterized by genuinely white beaches, crystal clear turquoise waters and the third largest coral reef system in the world.

Until now, the Islands have sat back and allowed their Caribbean neighbours such as the Dominican Republic and Antigua to enjoy the tourist and subsequent property booms.

However, changes are afoot and the Turks & Caicos Islands are beginning to show the world what they have to offer and the boom may just be about to begin.

20 percent appreciation

Bobby Brown, Director of Grand Capital, currently promoting Caicos Beach Club Resort & Marina on the island of South Caicos, comments: “Official Turks & Caicos Government figures state that the Islands have enjoyed between ten and 20 percent capital appreciation over the past ten years and I can only see this continuing at the same level, or perhaps even rising.

“Celebrities, world-class hotel brands and international magazines have all started to discover these Caribbean gems”.

Affordable paradise

Fortunately you don’t have to have millions to be a Turks & Caicos homeowner. Caicos Beach Club Resort and Marina, with its bewildering array of facilities, is priced from just 269,000 US dollars. Residents can enjoy everything from a health club and spa to a virtual reality golf room and from swimming pools with hot tubs to bars and restaurants.

An in-house Lodging Plan also guarantees owners a regular tax free income (the Turks & Caicos are an off-shore haven with no corporate income tax, no personal income tax, no estate or inheritance tax and no annual real estate tax).

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