Real Estate & Rental & Lettings News in Dominican Republic from Propertyshowrooms.com

Dominican Republic 'a top choice for property investment'

Tue, 3 Apr 2012 00:00:00 GMT

The Las Terrenas region of the Dominican Republic has been singled out as one of the best places in the world in which to buy a property.

According to the Global Real Estate Index compiled by Ronan McMahon for International Living magazine, the area in the country's Samana Peninsula is a good location in which to purchase Dominican Republic property.

Ranking fourth out of 27, numerous factors are expected to boost the value of real estate assets in the area, according to Mr McMahon, including a new road linking Las Terrenas to the capital city of Santa Domingo in less than two hours.

He added the town performs well in terms of value for money, as well as the predicted rental income derived from any beachfront property. Describing it as "a little piece of paradise", Mr McMahon stated: "I can't think of a nicer place to have a beach home."

Earlier this month, Colleen Valerio, the co-owner of Dominican Republic Properties based in Alberta, Canada, told the Calgary Herald renting first is advisable for people considering buying a property in the nation.

Dominican Republic property market 'still strong'

Mon, 22 Mar 2010 00:00:00 GMT

Wealthy property investors are heading to the Caribbean as many individuals travel to the archipelago in search of a better quality of life and tax situation, Overseas Property Professional (OPP) has reported.

The news could mean that the housing market in the Caribbean's second largest nation, the Dominican Republic, is likely to see a rise in the number of people looking to purchase property.

One agent in the region has reported a massive growth in enquiries of 40 to 50 per cent during the month of January compared with 2009.

Walter Zephirin of 7th Heaven Properties told the website that homebuyers are able to take advantage of the fact that the market has not dipped like many others in places like Spain or the UAE.

"A lot of proposed developments never happened because of the crash and this has helped keep property scarce and so maintained prices," he added.

Furthermore, OPP cites a number of programmes present in the Caribbean that allow potential investors to become citizens of various countries as one reason there has been a rise in the number of interested parties.

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...