August 2015 has been a hot month - and not just temperature related. Real estate sales have continued on a steady pace throughout the month. Visitor numbers are higher than previous years and a perentage of those visitors are in Turks and Caicos specifically to purchase propert. A number of resorts and restuarants are closing soon for their annual maintenance but those that remain open will continue to have good numbers. Our market continue to show strong growth from second quarter into our third quarter.  Over the first two quarters, the overall market is up  27.7% in dollar volume YTD. Sold listings are up 15% and oveall average price is up  approximatly 10%. A new sector of Turks and Caicos market is "Managed Villa Properties"; these are private villas that are managed by resort management. Development is on the rise for these types of investment property with the attraction of being managed by professionals and yet being a private villa in a secure, gated property and greater demand by vacationers that want high end accomodation, privacy with all the amenities of hotel/condo such as conceirege, private chefs, maid service etc. 

These are very exciting times for real estate in the Turks and Caicos. Prices are still reasonable, our inventory is good and the future looks excellent. If you are planning to visit ERA Coralie Properties Ltd. sales associates look forward to helping you with your real estate needs.

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