Grace Bay Club Providenciales Turks And Caicos

Grace Bay Club Providenciales Turks And Caicos

Turks & Caicos Real EstateExperience the ultimate in privacy and comfort from this 3,830 sq. ft. three bedroom penthouse – dramatic ocean views, keyed elevator access, 80′ glassed balustrade veranda, two ocean-view master bedrooms, outdoor hot tub, media room and more. Ownership in the Villas provides the finest in beachfront living within an established and award-winning resort, member of Leading Hotels of the World and American Express Fine Hotels

Contact:
Turks & Caicos Sotheby’s International Realty
Nina Siegenthaler
Phone: ­649.231.0707­
Phone: ­649.946.4474­

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Providenciales Turks And Caicos Islands

The Regent Grand

Turks & Caicos Real EstateSuite 310 is a direct beachfront corner condo situated on the third floor of the Regent Grand resort. Featuring a capacious 2364 sq. ft. of living and entertaining space, this 3-bed/ 3 bath enjoys a coveted location in the heart of Grace Bay beach with exceptional beach front views. The fixtures and fittings in this suite are top of the line – granite counters, marbled bathrooms, travertine flooring and stainless steel appliances. The open floor plan includes a living room with endless beach views, dining area and fully equipped kitchen; lending itself to an easy flow in indoor/outdoor entertaining. The master suite is beautifully furnished and has ocean views. There’s a Jacuzzi tub and a separate shower in the large en suite master bathroom. Two additional well-appointed bedrooms are located off the front foyer one with two Twin beds and the other with a Queen bed lending itself to sleeping families/guests comfortably. Both bedrooms have full bathrooms. The suite comes fully furnished and ready for the new owners’ enjoyment. Additional resort features include: magnificent pool and lush landscaping, fitness center, tennis court, underground air-conditioned owner storage, pool side bar among others. The Regent Grand is a multiple time Award Winner on Trip Advisors Traveller’s Choice Luxury and Top Hotel (2012-2015) and the only resort on Grace Bay with an adjacent award winning shopping center – The Regent Village. Just 2 minutes’ walk from the resort you will find scores of restaurants, shops, entertainment, deli and much more. The Regent Grand/Regent Village is THE place to be on Grace Bay beach.

Contact:

Dee Agingu

Phone: ­649.231.3534­
Phone: ­649.946.4474­
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Buying Real Estate in Barbados

Buying Real Estate in Barbados

 

Barbados Real EstateBuying real estate in Barbados is not difficult but there are things you need to be aware of.  There are no restrictions on non-Barbadians owning property, but there are certain formalities including getting permission from the central bank.  Financing is not generally available to non-Barbadians so you will be required to bring the full amount of the purchase price with you, you must register the amount you are bringing in with the Central Bank so you can repatriate the funds if you decide to sell your property later.

Title conveyance must pass, and deeds and certified survey plans must be registered.  Purchasers require a registered Barbadian to search the register and establish title to the property prior to the completion of the sale and it is essential that you use a reputable real estate agent and lawyer to handle these transactions.

Vendors pay a transfer tax of 7.5% on any value over $125,000 plus a sales commission of 5%.  Legal fees for both the vendor and the purchaser usually run at about 1.5-2%.  Once an agreement is signed and a 10% deposit is paid, the deal must proceed or the deposit is forfeited.

Owners pay an annual property tax of:

On the first $125,000 = 0%
Next $350,000 = 0.10%
Next. $500,000 = 0.65%
Excess                     = 0.75%

(All prices Barbados Dollars)

As with real estate everywhere the three most important things are location, location, and location, which means properties on the west coast are usually the most expensive, the south coast is next and the east coast and inland properties last.

If you don’t plan to spend all your time in your villa, rentals can provide a good return and cover your regular maintenance and management costs.  Prices have risen steadily over the years and owners can expect a reasonable capital gain if they decide to sell later.

There are always new developments being built and depending on your tastes you will probably be able to find something close to a beach, a golf course, a tennis facility, a marina, a polo field or just about anything else you can imagine.

If you are interested in purchasing there are a number of well established local and international real estate agencies who can provide information about available properties and purchase requirements.

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