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TURKS & CAICOS MAGAZINE MAGAZINE CAICOS & TURKS MAGAZINE

SPRING 2015 TCIMAGAZINE.COM ! SPRING 2015 SPRING

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explains Turks & Caicos Sotheby’s Inter- national Realty Broker/Owner Joe Zahm. living the villa life … “These fundamentals make purchasers comfortable and provide confidence in proﬁle the jurisdiction. They’re looking to have a great vacation home and still get the growth potential and asset protection they’re looking for.” Investors are finding that magical combination in record numbers in the Turks & Caicos, not only boosting real estate sales, but creating demand for new markets. property The managed villa property upswing has blossomed into a full-fledged trend, with established and new projects continu- ing to push sales numbers in the local real estate market for 2015. Going up in record time, the Shore Club is the first resort development to take foot With a modern eye-catching design, The Dunes are the latest villa project to be on the southern shores of Long Bay beach. managed by the award-winning team at Grace Bay Resorts. Building on its success from The Sands at …the only hard part is choosing just one

The Hartling Group is developing a limited number of luxury villas The private luxury villa sector – a adjacent to the Shore Club resort on Long Bay beach. burgeoning real estate category on Provi- denciales – led impressive gains across a resurgent local real estate market in 2014. Turks & Caicos real estate professionals attribute the rising tide to multiple confidence boosting trends, but two themes seem to weave themselves through any discussion of TCI real estate: More dispos- able wealth in the hands of the world’s most affluent people, and a growing international awareness of Turks & Caicos as a stable and fashionable luxury travel destination. “It’s the worldwide luxury economy mov- ing, becoming increasingly comfortable with international real estate investment and Turks & Caicos is in a sweet spot there because we have no income or property taxes, ease of use and access, US currency Six beachfront and three hilltop villas make up the managed Beach Enclave, located on Providenciales’ International Drive, featuring a and an English-speaking population,” combination of elevated views and beach living.

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realestate the islands. Ultra-luxury villas, are attracting more and more buyers to Q&A such as Saving Grace, - - TurksCaicos& Magazine

attention We are at We a place where we now we see will visitors year this Also, Caicos. The ultra-luxuryThe Caicos. has buyer luxurya destina as TCI accepted infrastruc improved to due tion servicesmanagementand ture, amenities. infrastructuresupportthe and have system for estates like this beyond what we had before…the ultra- luxuryprogram.management villa redevelopedairport, a two have will these of many and facilities FBO new visitors our Whenpeople fly private. going are they winter, this here land to experience a completely new reality, from the air transportation through. way the all Joe Zahm, Turks & Caicos Sotheby’s International International Sotheby’s Caicos & Turks Zahm, Joe Realty Broker/Owner, has answers for looking has answers those Realty Broker/Owner, a 20-year is Zahm propertybuy to Caribbean. the in veteranin TCI tourism, development and real estate. What is the impact on the real : Luxury sales move the needlethe Luxury move sales: the that doubt no is There : Is the market open for the ultra-the foropen market the Is properties around the world and propertiesworld the around burning is brand Caicos & Turks the to due has ever it than brighter luxuryand access and use of ease properties,servicesamenities.and Q: market? estate JZ last the at lookjust you If up. way propertiessold that have we year We million. $9 and $13m $7m, for and $25m at estates listed recently million.$48 Q: luxury level? JZ & ultra-luxuryTurks in is buyer - - Turks & Caicos Sotheby’s In Sotheby’s Caicos & Turks What are some of the factors : The luxury market is verystrongluxury is The market : ultra-highworthandnet High : : Primarily the sales of luxuryof vilsales the Primarily : How does that translate for the

turks & caicos drawing investor investor drawing caicos turks& contributing to the increase? increase? the to contributing JZ world-wide.peoplehave Thewho extraordinarygained as wealth improved have marketsstock the beenhugely have whoothers and balance looking to are successful profileinternationally risk their estate real appropriate the and bill. oftenfit investments that Q: Caicos? & Turks JZ to worthdrawn peoplenet are waterfrontfront,beach great Q: ternational Realty 2014 Market volumedollar Report20% a noted the is What year. last increaseover jump? this for driver JZ MarketHome Family Single Thelas. volume dollar in 95% finishedup price. average in 78% up and Q: PHOTOGRAPHS: STEVE PASSMORE/PROVOPICTURES.COM STEVE PHOTOGRAPHS: - er an "

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At the Villas at Blue Mountain a … formula, says Zahm. Zahm. says formula, doublesmanagertalented villa friendly, as a concierge, helping with recom mendations, restaurant reservations or filling up the fridge upon request. The well-established community nestled on the hillside of Blue Mountain with stunning views of the northern shore, has shown favor with villa rental guests and continues to gain interest with villa purchasers. - - The Villas at Blue Mountain o array of amenities, but perhaps none more spectacular than the view. urks & Caicos real estate broker estate real urks & Caicos A luxury management team is an in Located on Smith’s Reef in Turtle Cove, Cove, Turtle in Reef Smith’s on Located rst guests this winter season. struction. Offering two uniquely designed designed uniquely two Offering struction. consists property beachfront each homes, two- and house main three-bedroom a of and use providing guesthouse, bedroom rental flexibility. The project will also be Resorts. Bay Grace the by managed success villa part of managed the tricate The Residences, already awarded accolades for its impressive design, welcomed its ! program. villa managed Contemporary” “Caribbean a is Dunes The con under well development villa two Caicos is in a sweet spot is in a sweet Caicos - - & Joe Zahm, T Zahm, Joe Turks “ Stop by the Beach Enclave, an elevated elevated an Enclave, Beach the by Stop The Residences hit the market in 2012 2012 in market the hit Residences The The six-bedroom luxury The homes will six-bedroom This concept also lends itself to en panoramic views and modern lines, both provided by ArchitectsSWA style models. hilltop and beachfront in designs Once completed owners can enjoy the a through it rent or home their of luxuries guests this season. season. this guests Drive, project nine-villa on International and you will find a number of lots well under construction. BE popular with has purchasers looking for proven forts of a private home with the benefits benefits the with home private a of forts the by serviced and managed it having of award-winning Grace Bay Resorts’ team. a concept the confirmed success Sell-out first its welcomed Residences The winner. claves outside resortclaves properties. few a just located villas luxury three with West the both from beach the down miles Bay Club and the Grace Bay Club. The com the owners villa offers micro-resort have the unique advantage of shared use use shared of advantage unique the have facilities, and amenities resort’s the all of away. steps few a just the Hartling Group has diversified its condo-resort concept with this project to include a limited number of private still are which of somebeachfrontvillas, sale. for available Grace Bay and the Regent Palms resorts, Palms Regent the and Bay Grace le ! pro TurksCaicos& Magazine

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