 |
|
Home Page
|
Email Alert get a notice of new listings |
While the economic landscape in the US is looking grim these days, the Dominican Republic is not. Demand for property is high, and sales are strong.
Why Dominican Republic? Tropical destinations are appealing to US baby boomers and European retirees. Now more than ever, baby boomers preparing for a carefree life are looking for value in their dream getaway in the tropical climates where their pensions will buy more and they may have access to services they may not necessarily have at home. High real estate taxes and a floundering US economy have many retirees from North America seeking alternatives in the international real estate market. As it turns out, Dominican Republic is among the top ten destinations in the Caribbean, Central and South America for places to retire, along with Mexico, Costa Rica, Belize, Panama, and Brazil.
Once described by Christopher Columbus as "a beautiful island paradise," the lush and culturally diverse Dominican Republic is the second largest Caribbean nation, making it an attractive alternative to settling in the US. "The Dominican Republic has it all," says Minister of Tourism Javier Garcia who speaks of its unspoiled beauty, diversity and accessibility.
Contrary to belief, the Dominican Republic government encourages foreign investment, is economically stable, and has adequate modern transportation and telecommunications infrastructure, opening itself to comparison with developed nations. Long-term prospects for Dominican Republic remain attractive, In the current global economic crisis, real estate prices have remained stable. In addition, developers are willing to negotiate, offer incentives and more favorable buying conditions. And although many Punta Cana resorts have slowed their brisk construction pace, building remains steady since demand for Dominican luxury real estate remains high.
According to a recent report by Dominican Republic Ministry of Tourism, visits increased in 2008 with more than 3.4 million guests choosing the Dominican Republic as their vacation destination -- a 1.45 percent increase compared to the same period in 2007. US tourism remains steady, with more than one million arrivals for the fourth consecutive year, and North American visits faring consistently better than those from Europe by about 24 percent.
For second home buyers and retirees, Dominican Republic has a wealth of natural resources -- from beautiful beaches to pristine golf courses and breath-taking mountains -- that will continue to attract a wide range of buyers.
"With every downturn, opportunity is always nearby. Terrific value can still be found in pristine Dominican Republic real estate," Medina an island broker says. "You can still be carefree when you need to be".
msnbcnews.com/april2/09
SIGNATURE HOTEL
| Location: British Virgin Islands |
 |
|
Price: $3,500 Description: Located on Great Camanoe, BVI; a secluded island close to one half mile from Trellis Bay, Tortola and the Beef Island International Airport is this magnificent villa “House of the Rising ... MORE |
| FEATURED LISTING |
 |
| ID# ls96817 For Sale Land see more |
Website developed by RE-Data.com LLC Real Estate Website Designers.
