NEWS FROM THE TURKS AND CAICOS ISLANDS

SEPTEMBER 2009

NEWS FROM THE TURKS AND CAICOS ISLANDS

ERA CORALIE PROPERTIES LTD is pleased to announce that we have moved! You can find us now in the heart of Grace Bay tourist area. This is a major shift for our company and we believe will better allow us to serve our clients. We will be able to show our listings to more potential clients and have the opportunity to introduce visitors to the benefits of investing here with us.

Look for us now in the SALTMILLS PLAZA right on the entrance corner off Grace Bay Road. We would love to see you and show you our new offices.

CONGRATULATIONS TO SEVEN STARS AND THE TUSCANY – just placed in the top 10 BEST LUXURY category in the Caribbean and Mexico in the Travelers Choice Awards! Just more examples of the fine resorts we have being recognized and appreciated around the world! Ambergris Cay has been honoured too – see more below!

Thinking along these lines we truly are fortunate here! We have the most beautiful waters anyone can imagine. The many beaches on all the islands here in the Turks and Caicos are amazing and of course our world famous GRACE BAY BEACH continues to win awards and recognition for Providenciales. It is an amazing natural wonder. It is never crowded – not even in full season and is enjoyed by local and visitor – old and young alike! More resorts are now offering sundown parties or dinners on the beach – what a special treat these are! Try the Flamingo Bar for meeting the residents on a Sunday afternoon – cold beer and hot music right on the beach! How about a New England style clam bake or a full moon party – check them all out!

New air lifts are coming in this winter season so keep yourself informed. Ottawa will be coming direct with Air Canada and the Canadian West Jet is flying here this year too so Eastern Canada is well served. The Canadian Dollar is strong so come on down Canada and get some sun! Of course we still have many excellent connections from the USA – New York, Miami, Atlanta, Charlotte plus seasonal direct flights from many other cities!

RESTAURANTS – RESTAURANTS – RESTAURANTS! We got ‘em now what do we do with them! Enjoy them of course. It was recently suggested that on Providenciales we have 23 ‘gourmet’ restaurants. No other Island can compare to this – most have 3-4 fine dinning establishments! We are lucky we have such an extensive range of active sports activities to ‘work it off’!

Speaking of sports the Provo Golf and Country Club has just hosted the Caribbean Open and was much appreciated as one of the best in the last 10 years! The very active Club has a great social calendar and very reasonable fees – check it out on their web site www.provogolfclub.com for yourself!
There is an upsurge in real estate enquires here lately coming on the heels of the British suspending the local Parliament after investigations into local affairs revealed some unacceptable behavior by elected members. H. E. Governor Wetherell has appointed several respected local persons to work with his team to restore good governance. The press had been reporting on this situation for several months and it is good to get on with life here and bring new investment into our Islands again!

Providenciales and the sister Islands are open and ready for business! Think about it! We have the best weather, we are closest of the British Islands to the major USA cities and only 75 minutes away from Miami. We use the US Dollar and we have no currency controls, no taxes on income or on property, no inheritance tax and you can give your property to family for ‘love and affection’ with no stamp duty! Freehold title is guaranteed by Government. And we have the sun – sand - sea as an added bonus – NOW IS THE TIME TO BUY! There has never been a range of better opportunities.

What else is in the works? How about our new hospital now nearly completed! This will open a new market for us – anyone older or with health concerns will welcome this news. Plans for extending the airport are underway which will allow European flights to come directly in here. This is great news for Resort operators and rental Villa owners.

New condo projects are underway as well – The Venetian on Grace Bay – the sister project to the Tuscany - is closing in on the top floor. The Shore Club is getting ready to break ground late fall. This will be a major development by the Hartling Group opening up the south side! There are plans in for major construction start-ups on South Caicos – keep tuned for news!

If you are able, a visit to Ambergris Cay is a must! What a spectacular project this is, recently named the Top Development in the Caribbean. What a great team they have put together here! The Turks and Caicos Sporting Club as it is called is a combination of great planning, sympathetic architecture and respectful development. It will for some people be the ultimate location possible!

We are pleased to announce that we are working with Elite Destination Homes and can now offer ‘FRACTIONAL OWNERSHIP’ on the first of several luxury homes they are planning here. It makes perfect sense for busy families looking for a beautiful home in a prime ocean-front location! As an owner partner you can get involved for as little $400,000 and have hassle free use of your home here managed by a group of professionals that cater to your every whim! Plus exchange some of your time for comparable properties in any of their other world destination. We have the information and invite you to look closely at this interesting alternative. Remember you are a partner in the ownership! This is a great asset and an investment to enjoy with your family – how important is that!

.Contact us at era@tciway.tc and check out our website at www.eraturksandcaicos.com and remember we are always here for you!
ERA Coralie Properties Ltd. | Units 7 & 8, The Saltmills, Grace Bay Road, Providenciales | Phone: 649 941 5756