Low-budget buyers will boost Dominican Republic property market

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.

Like this? Then share with your friends and colleagues!