Fractional Ownership Comes To TCI

Condominium and villa investors will have a more affordable, flexible and attractive opportunity to invest in the Turks and Caicos Islands' (TCI) real estate following the enactment of the Fractional Ownership Ordinance. The Ordinance has not yet come into force, but shall do so once a notice has been published in the gazette, to this effect.

The Ordinance allows investors to buy a fractional interest, akin to schemes elsewhere in North America, in a property in the Turks and Caicos Islands; allowing the purchaser a deeded interest in the property as opposed to a simple right to use, which provides a better capital investment for the purchaser and a larger market for the developer.