fp Turks and Caicos

The development of large scale real estate projects has been a major driver for the Turks and Caicos economy over the last decade. As the development costs have risen steadily with increasing land prices, wages and commodity prices, developers have become more reliant on a successful hotel management operation following the sales and construction phase, in order to make the return on investment worth their while.

According to the old adage, “When the Going Gets Tough, the tough get tougher” for Grand Turk native Kathy Walkin this meant selling hot dogs. Ten years ago, Kathy started selling real estate in the Turks and Caicos at the Crystal Bay Resort. Kathy opened her own real estate company in 2006, as well as a construction and design business. It was a booming time; she worked hard and did well for herself. Over the past year, working hard was no longer enough to make a living by selling real estate alone. So Kathy decided to go with the flow of the economy by starting a new venture that fits to the current economic times. She had to improvise and develop a completely different business plan. Like any good business woman, she stayed to the old adage and developed a new business based on what she believed to be the perfect fit for this economy.