Real Estate & Investment News in Dominican Republic from Propertyshowrooms.com

Dominican Republic 'among the best property markets'

Tue, 17 Apr 2012 00:00:00 GMT

The Dominican Republic is emerging as a strong property market prospect as Caribbean holiday bookings rise, a new report has stated.

Investment firm Macleesipps has noted a report by Hayes and Jarvis has identified an 800 per cent jump in such bookings in the country in the past year and suggested this will inevitably bolster the holiday rental market.

Investors seeking property in the Dominican Republic may be encouraged by this trend and Macleesipps managing director Gary McArd said: "The growth of tourism in the area has been staggering and this can only feed the appetite for investing in property that is excellent value for money."

He suggested the country is a "particular favourite" with Britons.

And the company noted the island has been nominated in 14 categories for this year's World Travel Awards.

International Living Magazine's Global Real Estate Index recently identified the Las Terrenas region of the country as a particularly strong project, with its assets including a recently-completed road linking it with the capital Santa Domingo with less than two hours driving time.

Could Dominican Republic property be a good buy?

Tue, 3 Jan 2012 00:00:00 GMT

There are signs that more investors are considering purchasing a property in the Caribbean, one real estate firm has claimed.

International Property Success pointed out that those saving for retirement may even be able to use a self invested personal pension (SIPP) to fund the transaction.

According to the firm, the Caribbean region will see improvements to its infrastructure over the coming few years, as the area adapts to cope with the growing number of tourists visiting the isles.

Buying real estate in the Dominican Republic may therefore be something investors want to consider.

Jon Ainge, director of the organisation, stated: "I believe Caribbean property offers investors an unprecedented opportunity to benefit from not only great mortgage deals, but also another place to invest hard-earned cash sitting in a pension and earning very little."

According to the Doing Business study published by the World Bank and International Finance Corporation in November, it takes 60 days to register a property in the Dominican Republic and the process typically costs 3.7 per cent of the asset's value.

Property investors 'can find bargains' in the Dominican Republic

Wed, 19 Oct 2011 00:00:00 GMT

Investors looking for Caribbean properties may want to turn their attention to the Dominican Republic, after one publication claimed that there are bargains to be had on the island.

Writing for International Living, Len Galvin reported on a speech by Margaret Summerfield at the recent Live and Invest Overseas Conference 2011, where she claimed "very low property prices" can still be found in the country.

Another reason to consider buying real estate in the Dominican Republic is the affordable cost of living, Ms Summerfield added.

In particular, she highlighted the town of Las Terrenas, which used to be a quiet fishing village and is now home to a large expatriate community.

Here, it is possible to pick up a villa or apartment for $70,000 (£44,435), Mr Galvin revealed, as long as you do not mind being away from the beachfront.

Earlier this month, International Living highlighted the low cost of everyday expenses in the Dominican Republic when researchers from the publication interviewed a couple who were living on an average of $66 per day in Las Terrenas.

Low-budget buyers will boost Dominican Republic property market

Thu, 3 Jun 2010 00:00:00 GMT

The Dominican Republic property market is likely to benefit from a resurgence of low-budget buyers, Property Abroad has predicted.

Real estate investors looking to the Caribbean destination will be able to take advantage of the market's low prices and value for money.

The news provider claimed that a change in demographic of buyers - from wealthy individuals to lower-income lifestyle purchasers - would be a positive thing for the Dominican property market.

"Along with the Venezuelan island of Margharita, the Dominican Republic offers the lowest priced property in the Caribbean," Property Abroad claimed.

"Now that things are recovering, people will be keen to get in and buy while things are still slow, in the hope that a lower offer may be accepted."

Furthermore, property investors looking to take advantage of the holiday rental market in the country will be encouraged by news that the region has been enjoying monthly increases in tourism numbers since September 2009.

According to minister of tourism Javier Garcia, USD12 million will be invested in the infrastructure of the destination in the next few years.

Dominican Republic tourism is on the rise

Mon, 26 Apr 2010 00:00:00 GMT

Property investors in the Dominican Republic will be encouraged by news that the region has been enjoying monthly increases in tourism numbers since September 2009.

Speaking at the Dominican Annual Tourism Exchange, minister of tourism Javier Garcia revealed that the industry has been enjoying success in recent times.

In addition, Mr Garcia used the conference to commit to the long-term future of the island, announcing a USD12 million investment in improving its infrastructure.

The ministry of tourism will be undertaking a total of 58 new projects in the country, including improving the accessibility of the country's airports and improving the quality of its roads.

"Visits to the Dominican Republic held steady throughout the global economic crisis and recent data shows a continued and increasing surge of arrivals since last fall," he confirmed.

"Our strong marketing outreach and continued investment in Dominican Republic tourism infrastructure has built momentum from our key markets and is creating new markets."

Real estate portal Property Abroad recently claimed that the Caribbean destination would see an increase in investors because of the financial insecurities in the EU.

Dominican Republic to benefit from insecurity in the EU

Fri, 5 Mar 2010 00:00:00 GMT

Growing fears from European investors about inflation and currency devaluation will have a positive affect on the Dominican Republic property market, it has been claimed.

According to property portal Property Abroad, the Caribbean destination is set to see an increase in the number of investors looking to put their money into assets like houses.

The portal states: "The Caribbean is a favourite with these buyers because it is seen as being one of the few regions that has remained largely insulated from the global financial infrastructure."

It goes on to explain that because property prices in the country are relatively low it will attract a new breed of buyer with slightly less cash and a desire to invest their savings.

Furthermore, new government guidelines alongside a growing tourism market make the island an ideal place to rent and even witness gains in property value.

Last October, British Airways increased the number of flights which it offered to the country to keep up with increasing demand from holidaymakers.

Dominican Republic could see rise in 'budget' investors

Tue, 26 Jan 2010 00:00:00 GMT

Low-to-mid budget property investors returning to the market are likely to have a positive effect on property sales within the Dominican Republic, it has been claimed.

According to property portal Property Abroad, the Caribbean island will benefit from the strengthening international market recovery in 2010.

The longer the recovery continues, the website states, the more confident investors will grow, with low budget developments predicted to be the most popular among individuals with not quite so much money to spend.

"Those buying in 2009 were predominantly the better off among society," it notes.

"Dominican Republic property is still the bargain of the Caribbean, and still has one of the fastest growing tourism sectors."

Something that could appeal to individuals looking for property.

In October last year BA decided to launch a twice-weekly service to the Dominican Republic to cope with the increasing demand of holidaymakers wanting to visit the island.

Dominican Republic 'coping well in downturn'

Mon, 23 Mar 2009 00:00:00 GMT

The Dominican Republic's economy is coping better than many others in the face of the world downturn, the country's president has said.

Leonel Fernandez told a meeting organised by the Economist Group this week that their prediction of one per cent growth for the country's gross domestic product will be exceeded, with the island actually achieving three per cent.

Such growth could help bolster the property market in the Caribbean country.

Tourism has held up better than expected, President Fernandez stated, comments that may interest those looking to invest in holiday lettings.

In an article on the Dominican Republic's tourist appeal, the Baltimore Examiner listed a number of "wonderful" places to explore.

These included Boca Chica with its lagoon, white sandy beaches, watersports and scuba diving, La Romana, which it stated is "considered by many to be without equal in the Caribbean" and Santiago, located in the country's main cigar producing area.

Dominican Republic emerges as top holiday destination

Tue, 30 Dec 2008 00:00:00 GMT

The Dominican Republic has emerged as a popular destination for Britons looking to holiday further afield, new research has revealed.

According to findings from Thomson and First Choice, the country - along with the US state of Florida - is set to be one of the top long-haul destinations for holidaymakers over the coming 12 months.

And the research also revealed that many Britons consider annual summer holidays to be a necessity rather than a luxury, with 88 per cent stating that they would make cutbacks in other areas in order to afford a trip abroad.

Such news may be of interest to those considering buying property in the Dominican Republic, as they could see an increase in the number of holidaymakers wishing to rent a home for the duration of their stay.

The country was recently identified as being ideal for property investment by Ayendy Marte of developer Group G & S, who noted that the Dominican Republic's economic growth has helped promote the construction of new homes.

Dominican Republic expects 22% more cruise ship tourists

Tue, 18 Nov 2008 00:00:00 GMT

SANTO DOMINGO.- The Boudicca Cruise’s arrival in Santo Domingo Port on Saturday marks the start of Dominican Republic’s 2008-09 cruise ship season, expected to draw through two terminals in the capital city 82,000 tourists, or 22 percent more than the last season...

Dominican Republic Named 'Golf Destination of the Year'

Tue, 18 Nov 2008 00:00:00 GMT

Marbella, Spain (PRNewswire via COMTEX).- The Dominican Republic (DR) was named the "Golf Destination of the Year for the Caribbean and Latin America" by the International Association of Golf Tour Operators (IAGTO)...

Dominican Republic 'ideal for investment'

Mon, 3 Nov 2008 00:00:00 GMT

The economic situation in the Dominican Republic has been hailed as the reason for a new property investment taking place.

Speaking at the launch of the 25-storey Las Arenas residential tower in Juan Dolio, Ayendy Marte, of developer Group G & S, said: "The country's economic growth is ideal for investing in Juan Dolio."

He added that the climate, proximity to the sea and the quality of local golf courses all made it a prime holiday location.

Las Arenas has accommodation varying from one-bedroom loft apartments to penthouses, with the cheapest properties priced at USD210,000 (GBP130,000).

Those interested in the Dominican market may consider investing there in the light of the tourism potential the Caribbean island possesses.

Minister for tourism Francisco Javier Garcia is launching a new tourism strategy to help bring more visitors to the island, the tourism ministry announced last week.

Latin America isn’t sure how to solve crisis, Dominican leader says

Fri, 31 Oct 2008 00:00:00 GMT

San Salvador.- President Leonel Fernandez yesterday said the world is in a deep and severe financial crisis, that has become an economic crisis that Latin American nations aren’t sure how to solve i...

Dominican tourism minister to launch vision

Mon, 27 Oct 2008 00:00:00 GMT

The tourism minister of the Dominican Republic Francisco Javier Garcia is to publicly launch a new strategy to attract more visitors to the island, the Dominican Republic Tourist Board has stated.

Mr Garcia will be at the World Travel Market next month to showcase the plan, which will involve an increase in the number of hotels, marinas, cruise ports and golf resort developments.

Stating that the plans will take the industry "into the next decade", Mr Garcia said: "In the years to come, we will enhance the well-planned tourism growth that has provided positive economic impact while also preserving our large island’s natural beauty."

The tourism board stated that 220,000 Britons come to the country each year.

One place in the country that may be set to become a major tourist resort is La Terrenas.

Mr Garcia recently lifted a ban on new development in the town, suggesting that in time it could be turned into a "model" resort.

Dominican Republic hailed as better place to do business

Thu, 23 Oct 2008 00:00:00 GMT

In news that may interest those thinking of buying property in the Dominican Republic, a new report has said the country has improved as one in which to do business.

The World Bank Doing Business study of 181 economies around the globe gave the Caribbean island a ranking of 97 for 2009, up 13 places.

Property development was one of the areas that saw improvement, with the ranking for the registration of property rising six places.

The cost of this undertaking fell from 5.1 per cent of the average property value in the 2007 and 2008 rankings to 3.8 per cent.

Such news follows recent data from the ministry of tourism that show visitor numbers to the island have risen.

It stated that the first half of this year saw a 6.55 per cent increase in tourists, something that may interest investors keen on buy-to-let tourist property.

The figures revealed that five per cent of tourists to the country in the first six months of 2008 were British.

Boosting tourism in the Dominican Republic

Tue, 22 Jul 2008 00:00:00 GMT

To help boost tourism to the country, the Dominican Republic is spending over $25 million on improving it’s beaches. With cuts in flights, the credit crunch and recent power cuts, officials are concerned that fewer tourists are visiting the area therefore they are hoping that their beach investment will not only attract more tourism, but...

Sand brought in to improve Caribbean beaches

Tue, 22 Jul 2008 00:00:00 GMT

The Dominican Republic is spending $25 million dollars improving its beaches to make them more attractive to visitors...

Dominican Republic. FIMA subsidiary considering real estate acquisitions

Tue, 15 Jul 2008 00:00:00 GMT

FIMA Inc (Pink Sheets: FIMA), an emerging diversified land development company, announced today that its subsidiary, Islandwide Development Corp. (IDC), has located and is in the process of vetting potential acquisitions in the Samana peninsula of the Dominican Republic. ...

Investment boost in Dominican Republic points to property surge

Wed, 9 Jul 2008 00:00:00 GMT

Major investment and development in the Dominican Republic is set to boost the Caribbean islands tourism and property investment industries...