Average Land Costs

Turks & Caicos Islands. B.W.I.

 

UNTIL 1973 LAND ACTIVITY IN THE TURKS & CAICOS ISLANDS WAS RELATIVELY UNEVENTFUL. IN THAT YEAR THE ORIGINAL PIONEER INVESTORS BEGAN MAKING OVERTURES ABOUT DEVELOPMENT WHICH LED TO A SLOWLY UPWARD MOVEMENT IN PRICES.

THE REAL UPSURGE IN LAND VALUES BEGAN ON PROVIDENCIALES (PROVO) WHEN TWO MAJOR PROJECTS WERE ANNOUNCED. ONE WAS THE 11 1/2 MILLION DOLLAR JETPORT AND ROAD PROJECT. THE SECOND WAS THE ANNOUNCEMENT OF A $30 MILLION DOLLAR CLUB MED RESORT WITH PRIVATE FUNDING IN 1982. BETWEEN 1982 & 2003 PRICES ESCALATED DRAMATICALLY. (SEE BELOW)

AS EXPECTED, THE MORE DEVELOPMENT PLANS WERE ANNOUNCED, THE MORE LAND PRICES WERE DIRECTLY INFLUENCED. IMPORTANT TOO WAS THE SPILLOVER EFFECT THAT BEGAN MOVING PRICES UPWARDS IN THE OTHER CAICOS ISLANDS.

PROVIDENCIALES

PRE 1973 $10,000 PER ACRE

1984 $200,000 PER ACRE BEACHFRONT

1986 $ 50,000 PER ACRE INLAND

1988 $300,000 PER ACRE BEACHFRONT

2003 $360,000 - $700,000 PER ACRE BEACHFRONT

$ 50,000- $100,000 PER LOT WITH A VIEW

AN INTERESTING PARALLEL: IN THE CAYMANS, WHERE INVESTMENT ACTIVITY WAS STRONG IN THE EARLY SEVENTY'S, BEACHFRONT WAS PRICED AT $600.00 PER LINEAR FOOT. IN 1984 THE SAME LAND REACHED $15,000 PER LINEAR FOOT. AND NOW, WHO BUT THE RICH & FAMOUS CAN TOUCH IT ???

NORTH CAICOS

PRE-1973 $ 7,.500 PER ACRE BEACHFRONT

$ 5,000 TO 12,000 PER ACRE, INLAND

1993 $ 200,000 PER ACRE BEACHFRONT

$ 15,000 TO 30,000 PER LOT, INLAND

2003 $ 250,000 PER ACRE BEACHFRONT

$ 20,000 TO $50,000 PER LOT INLAND

GRAND (MIDDLE) CAICOS

PRE 1973

BEACHFRONT

$5,000 - $12,000 PER ACRE

INLAND $3,000 - $5,000

PER ACRE

1996

BEACHFRONT

$25,000 - $40,000

PER ACRE

INLAND $10,000 PER ACRE

1993

BEACHFRONT

$ 100,000 PER ACRE

INLAND $ 10,000 TO 45,000 PER LOT

2003

BEACHFRONT

$100,000-125,000 PER ACRE

INLAND $15,000 - $58,000 PER LOT

QUITE OBVIOUSLY, WHEN COMPARED TO PROVO, LAND PRICES ON MIDDLE CAICOS HAVE ONLY REACHED 25% OF THERE POTENTIAL VALUE.......

" COME LIVE THE DREAM "

 

CALL " DICK ZEBO ' NOW @ 1-800-645-1179

TO SEE HOW YOU CAN

" OWN A PIECE OF PARADISE "

WITH AS LITTLE AS 10% DOWN AND 10% INTEREST PER ANNUM FOR TEN TO TWENTY YEARS

 

Turks & Caicos Islands British West Indies

 

Reservations Only: (800) 645-1179 * Phone/Fax: (239) 775-7200

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