It’s been one of many hottest actual property markets within the Caribbean within the final half-decade: the Turks and Caicos Islands, which isn’t only a sought-after getaway however a still-booming home-buying vacation spot.
Actual property curiosity, centered in Providenicales, has by no means been larger, with consumers drawn to the safety and confidence of the British Abroad Territory, its spectacular seashores and its refined however easygoing vibe.
That’s borne out within the numbers: the typical gross sales value in Turks and Caicos is 75 p.c larger than it was between 2017 and 2020, with $693.5 million in complete gross sales quantity in TCI final yr — and a mean gross sales value of $1.57 million, in response to a current report.
However there are some distinctive alternatives in Provo that we’ve found, together with the most recent providing on the Kokomo Botanical Resort.
The property, the place we just lately stayed and completely loved it, is definitely a residential resort, with a group of personal family-friendly cottages on provide.
The most effective half? They begin at $500,000 for two-bedroom cottages with full kitchens and facilities, and naturally entry to the resort itself, from its Balinese spa to its glowing pool and world-class restaurant.
The entire cottages have two bedrooms and marble showers and lined patios. There’s a variety of choices, from the traditional household Caribbean cottages to the Extremely Lux Caribbean Cottage, with the latter together with sunken showers and wine fridges, amongst different touches.
Resort furnishings, fixtures and tools are literally included within the transaction, Caribbean Journal has discovered. The property, most likely essentially the most lush setting on the island, is only a three minute drive to Grace Bay Seashore.
So what else do you’ll want to know? There’s an eight p.c stamp responsibility (in lieu of property taxes), a 1 p.c authorized price and no different closing prices.
For Jason Hunt, CMO at Kokomo, it’s not about “proudly owning a bit of paradise,” it’s concerning the way of life, he instructed Caribbean Journal.
“It’s about embracing a way of life that prioritizes longevity, rest, and steadiness,” he stated. It’s a spot the place “well being and prosperity come collectively.”
For extra, go to the Kokomo Botanical Resort.
