Real Estate boom in Dominican Republic

21 December 2006

Numbers travelling to the Dominican Republic have been increasing steadily over the last 20 years, as a result the demand for property has increased year on year. This has identified an emerging market for the overseas investor looking for rental opportunities.

Resort properties, apartments and luxury cabanas are actively being sought out by the keen investor as the demand for these types of properties grows.

With no restrictions on foreign nationals owing property here, the numbers of us seeking a holiday or investment property is on the increase.

Tourism is the Dominican Republic’s number one industry, and with the huge amount of funding being poured into the tourism industry here, investors cannot lose.

Analysts believe that now is the time to invest here, with the economy stable, tourism on the increase, and the huge demand for property ownership, this will as good as guarantee a return on your money. There are a wide range of properties available for families and investors alike, and the warm climate and idyllic Caribbean sea make this a number one location for almost every foreign national.

With the Caribbean’s relative close proximity to the USA, most of its visitors have historically been Americans, however the demographics of its visitors are changing all the time, and the low cost of living and increasing number of flights available make this destination a much more affordable proposition for Europeans as well.

This ever growing interest has meant that property prices are on the increase and the early investors will reap the benefits sooner rather than later. Not forgetting of course that the Dominican Republic is an ideal holiday location and will continue to attract sun seekers, retirees and of course the active investor.