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Low-cost Real Estate Dominican Republic
In the entire Caribbean, you will not find real estate as reasonably priced as it is in Dominican Republic. However, it is not just the price, but its natural beauty that attracts foreign investors to this land of quiet beaches. Anybody would fall in love with its white beaches on the backdrop of the vast ocean.
Low prices and high growth potential quotient make Dominican Republic an investor’s paradise. The real estate in the country is directly related to the travel and tourism industry. Being one of government’s pet projects, tourism industry in Dominican Republic has been experiencing a steady growth for some years and predicted to grow at a rate of 3.4% annually until 2017.
With Wal-Mart and famous international hotel chains such as Ritz Carlton, Four Seasons, Conrad and Fairmont starting business in the country, the real estate sector receives infusion of foreign direct investment. The sprouting up of a number of high-end real estate projects across the country is proof that Dominican Republic is in the middle of a real estate boom. To keep pace with the growing tourism needs, luxury resort complexes are being constructed along the vast coast lines of the country.
This surge in real estate is only the beginning for Dominican Republic. At this stage, the property prices offer good bargain for dollars and Euros. In fact, these real estate prices are currently the lowest among all the islands in Caribbean. The cost of living is also cheaper. As a result, Dominican Republic becomes a favored destination for the holiday-makers as well as for those considering a vacation home or relocation.
Dominican’s real estate market proves profitable for the European and US investors. Several budget airlines from US help you reach here easily. Investment in Dominican real estate means unending access to tropical warmth, the exotic nature, fun-loving people, and a colonial culture. It is a perfect Caribbean escape without the exorbitant price tag that an exotic holiday to Phuket or Pattaya in Asia would cost you. By investing in real estate in Dominican Republic, you can return every summer or holiday to enjoy the stunning beaches and tropical forests.
The country is predicted to be visited by over 5 million people in the coming years. This is going to create huge demand in the tourist accommodations. A well researched investment in Dominican real estate can fetch you over 20% profit on the capital growth.
Contact a reputed real estate firm to do the research on your behalf, if interested.
