Visitor numbers to the Dominican Republic grew by 84,000 in the first four months of 2008 compared to the same period last year. The total number of visitors was 1.6million in four months – very impressive. People who have long been avid lovers of the Dominican Republic referred to it as the Caribbean's best kept secret, but the cat has been let out of the bag. The Dominican Republic is set to become a hugely popular tourism destination in the coming months and years.
Little wonder, the Dominican Republic has everything that any of the other massively popular islands like Barbados has; white beaches, tropical climate, warm crystal blue waters full of exotic sea life, and striking mountain ranges, but its only just being discovered makes it an excellent opportunity for investors because property prices are far lower than on the likes of Barbados.
With tourism now growing so massively as the Dominican Republic moves over for its time in the spotlight, it is easy to predict that property values will quickly grow to the levels they are on other popular Caribbean Islands.
That is a long way to grow, which offers an excellent opportunity for holiday home and pure investors. For instance David Stanley Redfern Ltd have just added the Mar Del Ray development to their books, offering 1 bedroom apartments with a 10% guaranteed rental yield in the first year, from just £36,750. Mar Del Ray is a complex of 1 and 2 bedroom apartments, townhouses and duplexes on a fully equipped resort near the coast and just 20mins from the capital. Penthouse suites come with 45m2 roof terraces, where a Jacuzzi can be installed.
Another Dominican bargain from DSR is the Sosua Plaza, a resort development of resale studio apartments, already at 80% occupancy, and priced from just under £24,000.
Find out more about Dominican Republic property.
About David Stanley Redfern
David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.
Media enquiries should be directed to Liam Bailey at media@davidstanleyredfern.com
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