Real Estate & Editors' Choice News in Dominican Republic from Propertyshowrooms.com

Bargains 'can be found' for Dominican Republic properties

Mon, 22 Aug 2011 00:00:00 GMT

People searching for a property in the Dominican Republic have been advised to look at areas away from the main resorts if they want something more affordable.

Writing for International Living, Margaret Summerfield explained that Las Terrenas in the Samana Peninsula is one such region.

And she pointed out that just because you are not next to one of the resorts, this does not mean you will have a long way to go to reach the amenities you need.

Restaurants, bars, cafes, supermarkets and other stores are all located here, while it is just a short distance from the beach.

"You can afford a home in the Dominican Republic, even on a modest budget," Ms Summerfield stressed.

The country has a population of approximately 8.5 million people, with 2.5 million of these living in the capital Santo Domingo.

Foreigners who own a home in the nation receive a number of financial incentives, including a 50 per cent reduction on property tax and no charge is levied on real estate transfers.

Dominican Republic boasts strong economic growth

Sat, 23 Oct 2010 00:00:00 GMT

Strong economic growth is making the Dominican Republic more attractive as an investment destination, it has been suggested.

Global Property Guide has reported the International Monetary Fund’s prediction that the Caribbean country is forecast to post economic growth of six per cent for 2010.

Realtor Josefina Covents, of Josefina Covents y Asoc estate agents, anticipates that the housing market will grow next year on the back of this.

She told the news provider: “We in the Dominican Republic were some of the last ones to feel the global crisis, so we’re some of the last ones to come out of it.”

“Property prices have had ups and downs this year as a result of people needing money. But a lot of owners are saving their property to put on the market next year, when they can sell it at the price they want.”

On top of the strong economic growth, the Dominican Republic is also the number one holiday destination in the Caribbean, something which is likely to attract buy-to-let investors.

Indeed, so far this year there has been a 3.9 per cent increase in tourist arrivals compared to 2009, the news provider reports.

Dominican property market attracts tennis superstar

Wed, 5 Aug 2009 00:00:00 GMT

The Dominican Republic has attracted one major tennis star to its shores, it has been reported.

Rafael Nadal recently purchased a property on the island, according to TennisTalk.com.

Nadal's holiday home is reportedly situated in a resort that has seen investment from the Spanish property industry.

He will be spending breaks away from the tennis world at the site, which features golf courses and tennis courts, as well as being situated close to the beach.

The website asserts that the resort is 45 minutes away from Santo Domingo international airport, making it a convenient spot for the former world number one professional tennis player.

The Dominican Republic offers a range of attractions for sports lovers and non-sporty people alike. The island is great for boating, surfing, diving and windsurfing.

For less energetic people, the arts and cultural side of the island may be more appealing. With music festivals, museums and archaeological sites, there is sure to be something for everyone.