The G&P real estate team are pleased to have contributed to Chambers Real Estate Global Practice Guide, offering insights into the resilient landscape of global real estate investment. Despite recent turbulence, real estate continues to stand as a cornerstone of global investment portfolios.
According to Savills, the global value of real estate is estimated at a staggering USD 326.5 trillion, surpassing the combined value of global equities and debt securities. This robust figure underscores the enduring appeal and stability of real estate as an investment asset.
In parallel, the real estate market in the Turks and Caicos Islands (TCI) is experiencing remarkable growth. With increasing tourism and a rise in foreign investment opportunities, TCI has emerged as a hotspot for luxury living and lucrative property investments. According to Invest TCI, the market is witnessing significant activity, driven by the allure of pristine beaches and a favourable business climate.
The Turks and Caicos Law and Practice chapter looks at the legal framework and practical considerations relevant to real estate transactions and operations and provides guidance to professionals navigating the regulatory environment.
The Trends and Development chapter offers an overview of the real estate market in TCI and considers various aspects such as the demographic shift in investors, the booming tourism sector, challenges like supply chain disruptions and rising costs, the impact of inflation and interest rates, and evolving mortgage lending dynamics.