/24-7PressRelease/ - Nottingham, UK, July 10, 2008 - Dominican Republic property is attracting masses of media attention at the moment along with several other Caribbean islands and sun-drenched coastal locations around the world that offer similarly affordable properties. A recent David Stanley Redfern release announced that the Dominican Republic had retaken the top spot of having the most affordable Caribbean properties, and focussed on that point, without giving any real details of the bargain property.

The apartment-hotel complex offers studio apartments from 24,000 in Sosua, one of the Dominican Republic’s most popular areas with tourists. The complex, only a five minute walk from the beach is a long-standing, reputable and extremely popular resort, which readily enjoys occupancy rates of 80% and above.

Taking that with a pinch of salt as reader probably will, even with only 50% occupancy and at below the going rate for rentals on similar properties in the area, a rental yield of 12% is easily attainable for pure investors. Holiday home investors should still be able to take an 8% yield, obviously depending on how many weeks of the year they use it themselves, or offer it to friends etc.

The Dominican Republic is definitely a rising star, with low living costs it offers the opportunity of a cheap Caribbean holiday, and with major operators like Thomsons opening new Dominican Republic packages, serving their platinum range no less, global tourist are quickly cottoning on to Dominican charm and tourism is rising quickly.

Emerging markets where growth is fuelled by massively rising tourism numbers tend to be best for short-term investment, because people who fall in love with a place tend to buy resale properties in their favourite spots, with cost often coming as a second consideration. This is great news for the investors who get in early, as strong demand in the resale market makes it easier for them to collect the return on their investment. Not to mention tourism demand pushing up rental yields.

Of course business fuelled markets have the same benefits of affluence spreading through the communities, who then have money to spend on their own homes, but this process takes longer, and that is why these markets tend to be suggested for long-term investment.
Dominican Republic is showing all the right signs of being incredibly profitable for short-term investment, but is also suitable for long-term investors, who will collect healthy rental yields for as long as they choose before reselling.
Source: www.24-7pressrelease.com

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June 26, 2008 (FPRC) — Tourism in the Dominican Republic is growing fast and the latest figures show that the industry has already grown a record 8% in 2008. A combination of government and private sector investment has resulted in the steady rise of visitors. With numbers predicted to escalate to 5 million by 2012 the country is ripe for property investment although new investors may be perplexed at where to place their capital. Caribbean Land and Property, who have an office and resident consultant, Alain Bonnefoy, in the Dominican Republic, offers a highly professional and personal service to clients in order to assist them locate and purchase suitable properties throughout the country.

Caribbean Land and Property currently has over 100 properties in the Dominican Republic, including hotels, resorts and residential properties that are ideal for personal use or as a vacation rental. International Property Advisor for the company, Wini Dean, says “One really hot investment right now is a new luxury condo-hotel development with direct beach access, tropical gardens and full hotel services available to every owner/guest. Each unit is being offered at pre-construction prices and buyers, who can stay as they wish and rent it out when they are not there, will gain a profitable income stream with many tax savings.” Dean adds that “This is an ideal time to invest in such a development as the property prices in the area look set to soar in the next 3-5 years”

Steve Worboys, MD of Experience International, offers similar advice as he states that “It is already the Caribbean’s Number One Destination according to the World Tourism Organization [and] 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,’

He added that ‘This could be a good time to invest into the undeniable potential that the Dominican Republic 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,’

The Dominican Republic is well known for its white sand beaches and calm azure seas that are typically associated with a Caribbean vacation. In addition, the capital of Santo Domingo boasts of both historical attractions and a great modern day variety of restaurants and night life. Improvements in the country’s infrastructure continue on a daily basis as government investment is being poured into new roads, amenities and facilities to support the growing tourism industry.

Travel to the Dominican Republic is made highly accessible through 10 International airports in the country. There are many direct and regular flights to and from destinations in Europe and North, Central and South America and Santo Domingo is accessible by air from New York (3 hours), Miami (less than 2 hours) and San Juan (45 minutes).

As one of the most stable countries in the Caribbean and Latin America, the Dominican Republic has been able to attract overseas business with a favourable Foreign Investment policy. The country also has very low labour and living costs that make it very attractive for those who are looking for high profitability and security.

Source: www.free-press-release-center.info

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