Turks & Caicos Market Real Estate Report

ramon andrews • February 1, 2023

After a history-making year in 2021, which reached $765M in closed transactions, Turks and Caicos continued its strong performance in 2022, totaling $553M in sales. This second-best year surpassed the prior record holder of 2019, which recorded $337M in dollar volume, by 63.5 percent. Looking ahead into 2023, the sales pipeline remains strong with an impressive $327M in pending transactions led by pre-construction villa sales.


The Single-Family Home sector, with $214M in sales volume, accounted for 39 percent of all sales in 2022, as opposed to 49 percent in 2021. This shift can be attributed to absorbed inventory as well as ongoing construction for many residential homes. Total Condominium sales of $171M accounted for 31 percent of all sales volume in 2022, with a similar share compared to 2021. Meanwhile, Land sales of $143M saw the biggest proportional increase year over year, from 19 percent in 2021 to 26 percent in 2022, as investors seek to build and seize long-term investment opportunities.


Information pulled from market report.


 After a history-making year in 2021, which reached $765M in closed transactions, Turks and Caicos continued its strong performance in 2022, totaling $553M in sales. This second-best year surpassed the prior record holder of 2019, which recorded $337M in dollar volume, by 63.5 percent. Looking ahead into 2023, the sales pipeline remains strong with an impressive $327M in pending transactions led by pre-construction villa sales.


The Single Family Home sector, with $214M in sales volume, accounted for 39 percent of all sales in 2022, as opposed to 49 percent in 2021. This shift can be attributed to absorbed inventory as well as ongoing construction for many residential homes. Total Condominium sales of $171M accounted for 31 percent of all sales volume in 2022, with a similar share compared to 2021. Meanwhile, Land sales of $143M saw the biggest proportional increase year over year, from 19 percent in 2021 to 26 percent in 2022, as investors seek to build and seize long-term investment opportunities.

Meet our Broker Ramon Andrews

By ramon andrews • May 6, 2023
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Why was WHITE ROCK Realty founded?

By ramon andrews • February 1, 2023
WHITE ROCK Realty is a Turks and Caicos Islands' brokerage at the nexus of technology and media in the real estate arena. We were founded to focus on three aspects: Real Estate, Development and Management (RDM). When you work with us, you work with a team that has your best interests in mind. Our Mission, to deliver a refined yet relaxed buying and selling experience. We stand out from the rest with our standards, expertise and sophistication. 

Meet our Broker Ramon Andrews

By ramon andrews • February 1, 2023
Ramon has a strong background in Sales & Marketing and managing luxury properties in the Turks & Caicos Islands, The Bahamas and United States. With over twenty years of experience within the luxury space and working closely with successful developers, gives him the ability to clearly advise on your real estate investing. The goal is to always marry comfort and investment. By pairing each client with the property that best suits their needs, taste and can produce returns on their investment over time. Let us find your perfect place!