Property in Dominican Republic
By Steve Binge

Dominican Republic hailed as better place to do business

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 in the Dominican Republic.

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

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