Smiths Gore (BVI) Limited, an independently-owned boutique real estate firm that has served the British Virgin Islands for more than 50 years, has renewed its exclusive affiliation with Christie’s International Real Estate. In conjunction with the move, the firm announced it has rebranded its residential brokerage division to Christie’s International Real Estate British Virgin Islands. Smiths Gore (BVI) Limited will continue to provide the full range of real estate services, including property management, leasing valuation, construction management and consultancy.
The name change gives the company greater visibility in the Caribbean, throughout North America and around the globe by fully leveraging the brand of the world’s preeminent luxury real estate network. Christie’s International Real Estate has more than 100 affiliate brokerage firms in nearly 50 countries and territories around the world. Meanwhile, Christie’s International Real Estate British Virgin Islands is part of a growing regional network in the Caribbean, which includes brokerages in the U.S. Virgin Islands, St. Martin, Puerto Rico, Aruba, The Cayman Islands, Turks and Caicos, The Bahamas, St. Barthelemy and the Dominican Republic.
Founded in 1965 and based in the territory’s capital, Road Town, Christie’s International Real Estate British Virgin Islands serves the islands of Tortola and Virgin Gorda plus the sister islands including Jost Van dyke, Anegada, Great Camanoe, Cooper Island and Scrub Island. The brokerage has six agents and 13 staff members offering a full range of real estate services.
Demand for properties over the $1 million mark in the British Virgin Islands has been strong in recent years, with increased international interest from luxury buyers lured by the islands’ natural beauty, and a host of tax incentives, such as no capital gains tax and no estate tax. Most single-family homes in the British Virgin Islands range in price from $500,000 to $4,000,000. Currently, the firm is representing several ultra-luxury listings, including the Valley Trunk Estate, a $48 million estate on Virgin Gorda.
Rebranding to Christie’s International Real Estate ӏ British Virgin Islands is particularly beneficial as the brokerage looks to grow its business and tap into key feeder markets throughout the Caribbean and the U.S., according to the firm’s business development director, Sylvia Moses.
Through its partnership with Christie’s International Real Estate, the firm also enjoys access to world-class marketing and technology and a connection to the iconic Christie’s auction house to refer the sale of art and luxury goods.
“Luxury homebuyers and sellers around the world instantly recognize the Christie’s International Real Estate brand, which establishes an important level of trust and credibility from the start,” said Moses. “We look forward to entering our next chapter as Christie’s International Real Estate ӏ British Virgin Islands, and taking advantage of the opportunities that we know will come with enhanced brand recognition.”
“Bringing the brand to the forefront will help Christie’s International Real Estate British Virgin Islands continue to build on its legacy, while further positioning us as the premier luxury real estate network in the Caribbean,” added Natalie Hamrick, president of affiliate services for Christie’s International Real Estate.
“Our Caribbean network continues to grow with the best professionals in the region, and Sylvia and her team embody the Christie’s International Real Estate brand through their long-standing commitment to the highest level of service, local expertise and track record in luxury property sales,” added Danielle Austin, president of Christie’s International Real Estate Caribbean Affiliates, an alliance of regional brokerage firms.
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