Property outlook is great and real estate tourism is booming in the Dominican Republic, says the forecast from the Dominican Association of Real Estate Tourism Companies (ADETI).

U.S. $1.5 billion is invested in real estate property developments in Dominican Republic, says the ADETI President, Juan Bancalari. The real estate tourism prospective is even more upbeat considering the fact that it is expected to attract US$3.0 billion per year within three years.

Marinas, beaches and golf courses are the leading factors that make  real estate tourism and investment in the Dominican Republic so attractive. However, the country has competitors such as the wonderful beaches of Mexico and Central America. For this reason Bancalari, the president of Dominican Association of Real Estate Tourism Companies, says that the country needs to project an image of security for real estate and other types of investments to develop tourism and properties for European and American holiday vacationers.

It seems that the projection of a secure investment environment is working. As real estate development is experiencing a slump in Florida, a local engineering company is looking not only outside of the box, but also outside of the U.S. borders. “Bonita Springs-based Stafford Engineering will open the doors of a new office in downtown Santo Domingo, the capital of the Dominican Republic, on Tuesday and begin offering architectural, engineering, real estate, construction management and business relocation services in the Caribbean Island country.” – reports Naplesnews.com in its July 31, 2007 issue.

The newspaper says that “Other Southwest Florida businesses also are moving into Caribbean markets, Garcia added: Cape Coral-based Bellagio Homes and SJR Development are developing a residential community in the Dominican Republic, and The Jack Parker Corp., a Fort Myers-based real estate development company, is building a mixed-use community in Costa Rica.”

There is a change in tourism and holiday vacationers’ trends. According to Frank Rainieri, the vice president of ADETI, tourism is changing toward real estate tourism. “Before hotels were simply pure hotels. All the large chains of the world (…) are already entering the tourism real estate component. I believe that that already creates the new dynamics of investment in the tourism sector.” - Dominicantoday.com.

Tourism, and particularly real estate property tourism, has been among the top five currency generating factors for Dominican Republic. It was this type of tourism that created the boom in the coastal areas of Southern Spain in 1970s and 1980s, which used to be Spain’s most economically depressed areas. Today, due to the real estate tourism and boom in properties, these have become some of Spain’s most developed and attractive areas. The Dominican Republic intends to do just the same by attracting more real estate tourism and emphasising  that investing in the Dominican Republic’s real estate and property market is safe and secure.

Source: http://www.westindies-realestate.com

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For those on the lookout for unbeatable real estate investments, Dominican Republic real estate is a dream come true. From beachfront Cabrera vacation villas to plush Playa Grande real estate and vacation rentals, Dominican Republic real estate offers a range of options to clients who are looking to live in a Caribbean paradise.

Dominican Republic real estate is a reflection of the country’s unique culture. Varied in location, size and style, there are properties in the Dominican Republic to suit every buyer’s need. The country’s extensive shorelines make waterfront homes widely available. Most properties for sale in the Dominican Republic are located on the northern, eastern and southeastern coasts, many within quiet resort and golf communities where owners have access to full amenities. The country is also easy to reach, with several major airports connected to North American hubs.

Right now Dominican Republic real estate is very affordable. The housing market is only now beginning to see a rise in prices and those increases have been very moderate. As the expected rise in tourism begins, the Dominican Republic property market will definitely see the prices go up. With investors beginning to uncover the latent potential of this tropical island the Dominican Republic real estate market is sure to benefit. Before long this beautiful but by-passed island will have major resort developments, luxury villas and commercial projects dotting its shoreline and inexpensive holiday home purchases will be a thing of the past.

The Dominican Republic is a small and beautiful Caribbean island made popular with the continuous influx of tourists, high quality, and affordable resorts dotting the many palm-tree lined golden beaches. As compared to many other Caribbean destinations today, The Dominican Republic real estate market still offers best-priced properties at excellent water front locations. Though the island is yet to gain a growing economy status, it remains a much desirable holiday destination just like the other islands of the Caribbean. Tourism is the main stay of The Dominican Republic while the number of tourists is growing at an unprecedented rate.

It is extremely informative for anyone interested in getting a general sense of the the Dominican culture and the country. His website, newsletters and book have been very informative and remember that there is plenty of money to be made in the Republic and you can have a super life while at it.

You will see that the Dominican Republic offers you an incredible variety of villas, apartments and fincas that will meet all tastes and budgets. Step inside this distinct Caribbean territory where you’ll finally feel at ease, and decide upon one of the Dominican real estate listings.

With its variety of real estate, the Dominican Republic is a unique place that combines two extremes: the height and depth, the mountain, and the sea, the simplicity and the luxury. Yet, the true charm and beauty of the Dominican Republiclies in the very center of the country dominated by the Cordillera Central which ends in the Caribbean Sea.

Dominican Republic Punta Cana Bavaro is one of the last remaining real estate investment tax havens left in the Caribbean with a low cost of living. Popular for its all-inclusive resort vacation packages, Punta Cana, the Dominican is one of the fastest growing foreign investment locations in the world. It is called Bavaro Beach by many and any real estate purchased in this part of the Dominican Republic will only increase in value.

Source: www.articles.top501.nu

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A recent swarm of foreign investors to the Dominican Republic has put it truly on the map for luxury property investment. The high-end segment of its real estate market is seeing numerous new and promising developments.

The Dominican Republic suffers from a disadvantage: it adjoins Haiti. Nor is it the usual Caribbean fantasy ‘unspoiled virgin island paradise’. It has over 9 million people spread over a mountainous 48,072 sq km, an average per capita GDP of only US$3,074, and social problems which include a vast gap between rich and poor, and the highest possibility in the world of death from handguns.

Yet it does have great attractions. “There are miles and miles of beaches and nobody comes. It is still very open,” says Monique Frings.

The super-luxury developers may change all that. Thousands of acres of waterfront property have been acquired for three residential developments along the country’s northwest coast, near the border with Haiti, by a French developer, Pierre Schnebelen.

His project, Costa Bayana, will have more than 13,000 properties, including clusters of condominiums, seven-bedroom estates, plus 900 marina slips, 260 super-yacht hangars, six golf courses, nine hotels, 28 boutique inns and three cruise ship piers, all linked by high-speed hydrofoils.

Cap Cana, on the southeast coast is an enormous project focusing on high-end hotels, golf courses, and residences, sitting on more than 30,000 acres of land. The plan is to have about five high-end hotels, five golf courses, and thousands of luxury residences. It is said to be the largest private community in the Dominican Republic. Located beside the international airport, Cap Cana has everything going for it, including Trump at Cap Cana is a partnership project with The Trump Organization.

There are no restrictions on foreigners buying property.

Source: www.globalpropertyguide.com

Popularity: 31% [?]

New Dominican Republic property developments sparked by increasing tourism with an 8% increase in visitor arrivals in 2008, predicted to reach 5 million by 2012

International property developers are taking advantage of the Dominican Republic tourism growth and the Governments plans for continued increased tourism by building top quality resorts for investors and holiday makers alike including the just launched Swaying Palms set to become one of Punta Cana’s premier residential resorts.

(PRWEB) July 18, 2008 — International property developers are taking advantage of the Dominican Republic tourism growth and the Governments plans for continued increased tourism by building top quality resorts for investors and holiday makers alike including the just launched Swaying Palms set to become one of Punta Cana’s premier residential resorts.

The Dominican Republic is quite possibly the perfect embodiment of a Caribbean paradise nation - with its palm-fringed, white sandy beaches which are lapped by warm azure seas and caressed by almost endless summer days, this holiday hotspot is booming on the back of intelligent government policy designed to maintain macroeconomic balance and enable and encourage investment.

The government and private sector are united in nurturing the tourism and real estate industries in the Dominican Republic as these are fundamental drivers of the overall economy, which is why the destination is becoming a more and more enticing place for a holiday or even a holiday home investment.

With consistent effort and policy planning in place to promote the delights and undeniable appeal of the nation, combined with significant investment into everything from road infrastructure to the enhancement of amenities and facilities for lifestyle tourism, the overall attraction of the Dominican Republic is improving annually.

This level of sustained and focused investment has already led to a significant rise in tourism numbers and it is also supporting far greater investment interest in the Dominican Republic’s affordable yet high-end property market. According to the nation’s Tourism Minister there has been an 8% increase in tourism arrivals in 2008 already, this is backed up by statistics from the Central Bank released earlier this year suggesting that in the first four months of 2008 alone, 1.6 million visitors arrived to soak up the Dom Rep’s stunning sunshine, an increase of almost 6% year on year from 2007.

To further enhance the appeal of the nation, its accessibility and economic success, Tourism Minister Felix Jimenez has just announced the details of the Dominican Republic’s 2008 - 2012 Tourism Plan. The plan is an outline for investment and it is designed to enable an increase in international arrivals of around 170,000 visitors per year, generating 200 million dollars in annual revenue and reaching 5 million annual arrivals by 2012. Supporting this plan is significant dual investment into increasing hotel bed capacity and also increasing the amount of residential resort style real estate in the Dominican Republic. The World Travel and Tourism Council predicts that this period of intensive advancement in tourism will result in at least a 3.7% annual increase in real GDP growth for the nation’s travel and tourism economy over the next decade.

According to Steve Worboys, MD of Experience International, the overseas property investment experts:

“For those seeking the ultimate property investment opportunity now could be the perfect time to invest into the undeniable potential that Dominican Republic property represents. Not only is the nation affordable and committed to maintaining its accessible status as one of the most reasonably priced Caribbean destinations, but millions of dollars of investment are going into everything from golf courses to marinas, from boutique style shopping malls to spas and sports facilities. Already ‘the Caribbean’s Number One Destination’ according to the World Tourism Organization, the Dominican Republic could soon be the number one destination for luxurious yet affordable resort style real estate offering exceptional rental yields in the region too.”

The increase in demand for property in Dominican Republic resorts for rent from the growing tourism base is allowing developers of the best resorts in the nation to offer fantastic rental guarantees to would-be purchasers, and to even offer these rental guarantees on top of allowing owners access to their properties for their own Caribbean paradise vacation.

One such development, Swaying Palms, offers investors 7% annual rental guarantees, and currently the gated and private luxurious community of apartments and penthouses is for sale at 30% below market value with 20% capital growth per annum predicted and overall the ‘Projected Capital Growth’ for the next 5 years is 220%.

The properties are within a resort offering the best range of high-grade amenity - from tennis clubs to beach clubs and with owners benefiting from membership facilities to 5 of the areas top golf courses including the new Jack Nicklaus course at Cap Cana for example. Properties are available for sale with 50% mortgages from just $140,000.

Source: PRWeb

Popularity: 22% [?]