Turks & Caicos Is.: House Prices, Rents, and Rental Yields

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Last Updated: Dec 16, 2008

Condo prices look promising

			Last Updated: Dec. 16, 2008
PROVIDENCIALES - Condos	COST (US$)		YIELD (p.a.)	PRICE/SQ.M. (US$)
PROVIDENCIALES - Condos	TO BUY	MONTHLY RENT	YIELD (p.a.)	TO BUY	MONTHLY RENT
60 sq. m.	293,400	n.a.	n.a.	4,890	n.a.
120 sq. m.	595,560	n.a.	n.a.	4,963	n.a.
200 sq. m.	1,197,200	n.a.	n.a.	5,986	n.a.
240 sq. m.	2,016,000	n.a.	n.a.	8,400	n.a.
400 sq. m.	3,484,000	n.a.	n.a.	8,710	n.a.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Prices for condominiums in Providenciales, Turks and Caicos, appear not to have moved for the last two years – strongly contrary to expectations when we wrote our last report on the Turks and Caicos in 2007. We estimate that the average cost of condominiums is around US$6,575 per sq. m., only $15 higher per sq. m. than found in our research two years ago, in 2007.

There is still a lack of information on rental prices in Providenciales. This is because so many lets are short-term. Without a reliable guide to vacancy levels, using short-term rentals figures would distort our results.

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