TCI Real Estate Market Thrives in the First Half of 2024
The real estate market has experienced significant growth in the first half of 2024, driven by strong demand and limited supply. High buyer interest and low property availability have pushed prices upward. Economic confidence and increased investment, fueled by low interest rates, have further stimulated market activity. Technological advancements, such as virtual tours and online transactions, have streamlined the buying and selling process, while government policies, including tax breaks and subsidies, have encouraged homeownership and investment. Despite potential risks like inflation and interest rate hikes, the market outlook remains positive, with continued growth anticipated in the coming months. In summary, …
Experience Turks and Caicos Announces Nomination for Best Overall Destination in Recommend Magazine’s 2024 Readers’ Choice Awards
Experience Turks and Caicos proudly announces that the Turks and Caicos Islands have been nominated for Best Overall Destination – Caribbean in Recommend Magazine’s 2024 Readers’ Choice Awards. …
Turks and Caicos Real Estate Market Thrives in Exceptional Conditions
Tourism and real estate sales are booming in the Turks and Caicos Islands (TCI), surpassing other Caribbean regions. Both sales and pre-construction numbers reflect a thriving market, with many large beachfront parcels in Providenciales being transformed into high-end, branded hotels and residences to meet the strong demand for investment and vacation properties. A report from Turks & Caicos Sotheby’s International Realty highlights that the islands’ exceptional tourism offerings continue to attract A-listers from around the world, as well as buyers seeking homes with stunning ocean views, a mild climate, and a serene Caribbean atmosphere. The first quarter of this year …
Turks and Caicos Emerges as Top Luxury Destination
Turks and Caicos has emerged as the Caribbean’s leading luxury travel destination in 2024, recording an impressive 73% growth in premium-class travel compared to the previous year. According to data from Forward Keys Destination Insights, this surge underscores the region’s appeal to affluent travelers seeking exclusive experiences. The Caribbean’s overall overseas air passenger arrivals have increased by 9% year-on-year in the first half of 2024, with high-end cabin bookings, including First and Business Class, soaring by 39% compared to the same period in 2023. Minister of Tourism, Hon Josephine Connolly, credits this achievement to the Turks and Caicos Islands’ status …
Air and Cruise Arrivals Surge in Turks and Caicos: High Expectations for Summer
The Turks and Caicos Islands are experiencing growth in visitor arrivals, with increases reported at its primary entry points. According to the Ministry of Tourism, from January to April, the Islands welcomed 271,326 air travelers, marking a 10.46% rise compared to the 245,637 arrivals during the same period in 2023. Tourism Minister Hon. Josephine Connolly expressed her pride in Turks and Caicos continuing to be a top destination for vacationers. She highlighted that preliminary data indicates high air arrival numbers are expected to persist through August. “This is excellent news for the people of Turks and Caicos. Through Experience Turks …
Landmark Development Deal Brings Three IHG-Branded Hotels to Turks and Caicos
The government of the Turks and Caicos Islands has signed a major development deal with Molo Hotel Group to build three new IHG-branded hotels: InterContinental Turks and Caicos, Kimpton Turks and Caicos, and Hotel Indigo Turks and Caicos. Set for completion by 2027, these hotels will offer luxury accommodations and amenities along Grace Bay Beach, enhancing the island’s tourism infrastructure. This agreement not only boosts the tourism sector but also aims to foster economic growth and create jobs. Molo Hotel Group will partner with the Turks and Caicos Islands Community College to promote hospitality careers through training programs, career fairs, …
Wessex Fairchild Attorneys rank in Chambers
We proudly announce that our firm has been ranked in Chambers General Business Law category for the third consecutive year, reaffirming our commitment to excellence and client satisfaction. Wessex Fairchild is synonymous with excellence in dispute resolution, a reputation earned through years of dedicated service and successful outcomes. We are honoured by this recognition and remain devoted to delivering legal services to clients across Turks and Caicos. See our ranking at: https://chambers.com/department/wessex-fairchild-attorneys-general-business-law-global-2:852:219:1:23166349 …
Coroner’s Court Created in the Turks and Caicos Islands
The Turks and Caicos Islands’ first Coroner’s Court of the Judiciary of will officially be opened on November 20th, 2023. Her Ladyship Chief Justice Mabel Agyemang in a press release from her office said the establishment of a court dedicated to coronial matters is in response to a growing need to deal with the increasing number of unexplained deaths in the islands. “The resultant backlog requires the focused, urgent attention of a magistrate dedicated to the performance of this very important jurisdiction of the court,” the press release stated. “The function of the Coroner includes the making of orders for …
B. St. Michael Hylton appointed Court of Appeal judge in TCI
Prominent Jamaican attorney B. St. Michael Hylton O.J., KC, has been appointed to the Turks and Caicos Islands Court Appeal. Mr. Justice Hylton, an attorney-at-law with a distinguished career in both the private and public sectors,was in 2022 appointed an acting judge of the Supreme Court of the Turks and Caicos Islands. During that year he also served as a member of the Committee appointed by the Chief Justice to draft new civil procedure rules for this jurisdiction. A graduate of the University of the West Indies and the Norman Manley Law School, Mr. Hylton spent the first 24 years …
Judge Davidson Baptiste appointed acting judge of TCI Supreme Court
His Lordship, the Hon. Justice Davidson Kelvin Baptiste has been appointed Acting Judge of the Supreme Court of the Turks and Caicos Islands by the Judicial Services Commission. The appointment is for the period 1st February, 2023 to 30th April 2023. Justice Baptiste was born in the Commonwealth of Dominica and was admitted to practice in Dominica in 1984 after being called to the Bar in the Commonwealth of Dominica in 1984 and in the British Virgin Islands in 1993. His Lordship is a graduate of the University of the West Indies, Cave Hill Campus, where he obtained his Bachelor …
