From BBC.
Dominican Republic
This incredibly diverse country has mountains, lakes and splendid beaches, and sees a mix of holidaymakers that range from the eco-tourist to the golf fanatic. The past few years have seen an influx of development in and around Punta Cana and the Saman? peninsula, with resorts like Cap Cana and Balcones des Atlantico. They are home to multiple resorts, golf courses and real estate developments with apartments, townhouses and ocean-front villas for sale. There are also many second-home options, along with adventure and water parks, on the north coast, which some consider overdeveloped now.
On the east coast, properties for sale are typically apartments and small homes that begin as low as $150,000. However, the luxury market is also strong. "There is a very healthy market for luxury apartment developments in the Punta Cana-Bavaro region," said Luis Migoya, sales manager of Puntacana Resort and Club. "These can be priced up to $1 million and give owners access to golf, restaurants, spa, gym, tennis and other amenities." For any purchase, he said, it is important to hire a local lawyer to conduct due diligence and review the property's legal status. At Puntacana the government gives first-time buyers an incentive in the form of tax breaks: no transfer or property tax until 2013.
East coast and Samana seem to be No. 1 for investment.
A real boom in DR property!
:bunny:
Yanandu