CARIBBEAN PROPERTIES

Full Name: Turks and Caicos Islands     
Capital City: Cockburn Town (Grand Turk)
Area: 166 sq km / 64 sq miles
Population:      17,502
Time Zone:      GMT/UTC -4 ()
Languages:      English (official)
Religion:      Baptist, Methodist, Anglican
Currency:      US Dollar (US$)
Country Dialing Code: 649

Investing In The Caribbean

Despite the consistent presence of talcum powder beaches, warm, crystal waters, tin band vibrancy and easy going charm, the countries of the Caribbean are diverse and individually distinctive.

The appeal of the Caribbean region requires little explanation. The region has long been a favoured destination for North American and European visitors, although the popularity of different islands has changed over time. Islands such as Barbados and the Bahamas have been subject to annual tourist invasions for three decades. Islands such as Grenada and Antigua are yet to experience such levels of influx.

With property too, the Caribbean is firmly on the second home map. Many developments on the most popular islands remain the preserve of the wealthy with properties selling for anything up to $10m. Such prices are not universal though, and bargain properties can still be found.

The attractiveness of the Caribbean islands to property investors is quite simple. They are beautiful, popular places with significant demand from second home owners and the tourist industry and there is limited space to build - they are islands after all. These fundamentals have played a significant part in driving property values on the more developed islands to the levels we see today. Of course, these same fundamentals continue to apply to the less expensive islands, creating an interesting opportunity for property investors.