REAL ESTATE

/REAL ESTATE
REAL ESTATE2017-08-02T14:58:59+00:00

Real Estate

The Turks and Caicos Islands, through its status as a British Overseas Territory, is a stable Caribbean country and there are no restrictions on foreign property ownership in the Turks and Caicos. Financing and insurance are available to residents and new arrivals alike.

The Turks and Caicos Real Estate Association (TCREA) has set up an effective network among the islands’ realtors, allowing for transparency in the local real estate market for both customers and agents.

Stamp Duty Rates:

In Grand Turk, Salt Cay, South Caicos, Middle Caicos, North Caicos:

– 5% or $5 for every $100 where the amount or value is consideration is $25k-100k

– 6.5% or $6.50 for every $100 where the amount or value in consideration is greater than $100k

Elsewhere in the Turks and Caicos:

– 6.5% or $6.50 for every $100 where the amount or value is consideration is $25k-250k

– 8% or $8 for every $100 where the amount or value is consideration is $250k-500k

– 10% or $10 for every $100 where the amount or value is consideration is greater than $500k