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Why Invest In The Dominican Republic?
The Dominican Republic is fast becoming a leader in the field of emerging Caribbean property markets. Find out the facts below.
With current prices lower than in most Caribbean tourist destinations and growth potential so high, real estate investors in the Dominican are increasingly aware of the significant gains to be achieved on this amazing island.
Advantages of Dominican Republic Investment
- Mature government with stabilised currency and forward-thinking economic programmes designed to further encourage foreign investment
- Caribbean paradise destination still at affordable prices
- Growing property market on the back of rocketing tourism demand (expected demand growth of about 3.4% per annum through to the year 2017, surpassing even Dubai)
- Tourism Plan 2008-2012 promotes an annual increase of around 17,000 international tourists in a bid to reach its target 5 million tourists by 2012
- Considerable government investment on upgrades to the country’s infrastructure
- Relatively low property prices along with attractive rental guarantees and early entry prices on many sought-after new developments
- Lower cost of living than in much of the Caribbean and favourable exchange rate for foreign buyers
- Availability of mortgage finance
- Stunning eco-resorts, golf developments, marinas, spas and major resort developments providing luxury accommodation and commercial opportunities
- Plenty to do for holidaymakers, expats and retirees – the largest of the Caribbean islands, tropical paradise landscapes including mountains, forests and sugar-white beaches, diving, swimming and golf
- GDP is growing - approx. 7.2% per annum (est. 2007)
- Stars, property tycoons, and business giants all now claiming their stakes
- Diverse economy relying not only on tourism but also agriculture and metal mining, reassuring investors with economic stability
- Several international airports and proximity to 300 million holidaying North Americans. Easy access from most European and US airports
- Warm Caribbean climate for year-round tourism investment appeal
- Welcoming tone from local citizens, making visitors feel laid back and at home
Property purchase specifically as an investment vehicle is a popular option amongst those aiming to capitalise on the strong growth potential of property in the Dominican Republic. The favoured form of real estate investment consists of an off-plan purchase for sale prior to project completion. Alternatively, a buy-to-let situation in tourist resorts of the Dominican Republic can provide reliable rental income from the property, along with substantial capital appreciation.
Independent worldwide investment experts are unanimous in their claims that real estate in the Dominican Republic is a potentially lucrative market. With capital growth coming in at 20-30% p.a. in prime locations, investors are encouraged by the island’s economic climate. The tourist infrastructure is currently undergoing major upheaval to bring it into line with other Caribbean hotspots, while the country’s economic strategy promises significant growth for the foreseeable future. While The Dominican is experiencing unprecedented growth, investors are urged to catch this steady and promising market now, while prices remain lower than on other Caribbean islands and high returns on investment are inevitable.
Our Dominican Republic Investment Research section allows you to research further into investment property in the Dominican Republic and the location as a whole. As an IPIN member you can view carefully selected Dominican investment opportunities and, if you are not yet a member, you can join FREE now and gain instant access our detailed Investor Reports on these properties.
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