ERA Worldwide

The Turks and Caicos Islands (TCI) are named after the indigenous Turk's Head "fez" cactus, and the Lucayan term "caya hico" meaning string of islands. There are eight islands and dozens of cays (pronounced keys) dotted throughout the waters. Turks and Caicos Islands are a British Crown Colony and is self-governed by one of two elected parties. TCI boasts a year-round perfect climate with an abundance of sun, sand and sea. Once you have been a visitor to the islands you will return again and again to this paradise where many choose to make their home, or their home away from home for part of the year - usually the winter months. Although Grand Turk is the capital of the country, the island of Providenciales is the main economic center. The island's rapid emergence as a world-class tourist destination has fueled enviable annual growth and provides a high standard of living for inhabitants. There is an international airport on Provo that welcomes 45+ flights per week from around the world and just a 90-minute flight south from Miami, Florida. There are no taxes, so the country is an important offshore financial center and has had the highest growth rate in the Caribbean at the turn of the century. English is the official language and currency is US dollar. The people are warm and welcoming, the atmosphere relaxed and tranquil on our sunny Caribbean islands.

Real Estate in The Turks and Caicos Islands
Being a major tourist destination, prime beachfront is expensive (upward of a million dollars per acre). For those prospective buyers who find beachfront too expensive, there are still substantial areas available at a very reasonable price. The island is 22 miles long, so no matter where you live the beach is just a few minutes away. There are two distinct markets, local and foreign. Local residents represent a small market. The foreign buyer may buy as an investment in the future and also to have a vacation home or condo. The vacation rental market is very attractive and those that own property can do short term rentals for sun seekers and have a very good return on investment. Buyers can feel comfortable with the process of property transfer as there are government guidelines and regulations in place. The real estate market is on a very steady upward rise and is expected to stay strong. Being a part of a major growth spurt for the islands is very exciting.

About ERA in The Turks and Caicos Islands
ERA Coralie Properties Ltd. is the fastest growing real estate office in Turks and Caicos. Prior to purchasing the ERA franchise, Coralie Properties was one of the longest established real estate companies in the TCI. The owners of ERA Coralie see a bright future for the company not only because of its enthusiastic approach to the market but also because of the international reach of ERA and the systems implemented with the franchise.