Dominican President Leonel Ferandez has announced that businesspersons from the Balearic islands want to invest 3.7 billion Euros into the tourism industry in the next four years.
The same group have already invested heavily in the island but want to build a railway linking Santiago and Santo Domingo; likely to significantly boost the country’s development.
The Dominican Republic has also recently seen a quasi-donation of $30 million for the reconstruction of highways granted by the OPEC Fund for International Development; the announcement of a number of new Aerocaribbean flights likely to attract multi-destination tourists; and has accepted plans for the construction of a ferry terminal costing $10 million at the Sans Souci tourist port.
Such plans are yet another boost for a country where tourism accounts for 24 percent of GDP and is fuelling economic growth. The contribution of tourism to employment is now expected to rise from 555,000 jobs in 2008 to 743,000 jobs by 2018. By 2012, it is forecasted that the Dominican Republic will receive five million annual visitors, a one million increase over expected 2008 visitor totals.
And according to a recent report by the Dominican Republic Ministry of Tourism, tourist arrivals for the first quarter of 2008 have already increased by 8 percent compared to the first quarter of 2007; approximately 1.3 million guests selected the Dominican Republic as their vacation spot of choice.
Over 15 percent of these arrivals arrived at Puerto Plata on the North Coast. The airport is just 10 minutes away from David Stanley Redfern Ltd’s Sosua Plaza and the studio apartments are only 5 minutes walk from Sosua Beach. All are equipped with kitchenette, air-conditioning, ceiling fan, phone, and cable TV, as well as security locks, electronic room safety deposit box and a balcony overlooking the pool.
Apartments come fully furnished and fully managed, offering tax free returns and no work for the owner. Occupancy rates are consistently higher than 74 percent, yet the price is one of the lowest in the Caribbean at £24,000. With Dominican Republic’s huge tourist numbers rental yields of 10 percent can be expected, while the property has the potential of 10-20 percent capital appreciation.
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: media@davidstanleyredfern.com
Showing posts with label overseas investment. Show all posts
Showing posts with label overseas investment. Show all posts
Saturday, 28 June 2008
Wednesday, 7 May 2008
Dominican Republic Property Investment gets a Boost
Thompsons, the travel giant have announced new routes in their premier range, the crème de la crème of package holiday experiences. One of the new packages is to Samana in the Dominican Republic, which is great news for the Caribbean Republic trying to emerge onto the global property scene.
The announcement will help the Dominican Republic in that aim no end, because one of the only downsides of holidaying or buying property in the Dominican Republic is the high crime rate, including corruption, which the government and population have been working hard to bring down to a level less detrimental to the country's future.
The fact that Thompsons plans to send its Platinum customers to the country, tells the world in no uncertain terms that the government and population at large have been largely successful in their aims. This will do massive good to the Dominican Republic's reputation on the world stage and now the country can be looked at purely on its strengths.
Dominican Republic was previously the most affordable location to buy a Caribbean beach house, but that title has just been stolen by Margarita. Nevertheless, Dominican Republic's new found peace and stability will increase the chances that, despite its prices being slightly higher than Margarita, it will be able to hold its own and attract more than its fair share of international property investors.
David Stanley Redfern Ltd have just what they are looking for. Two developments, one right on top of one of the Dominican Republic's best and most popular beaches, namely Cabarete, and the other not much further away but also close to Sosua beach – both of which are in the town of Sosua.
The beachfront property is the Oasis, a development of 1-3 bedroom beach houses on a fully equipped, enclosed resort, with prices starting from just £67,000. Go just that little bit further back from the beach, and you can get a 1 bedroom apartment, again on a fully equipped resort for under £30,000.
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: media@davidstanleyredfern.com
The announcement will help the Dominican Republic in that aim no end, because one of the only downsides of holidaying or buying property in the Dominican Republic is the high crime rate, including corruption, which the government and population have been working hard to bring down to a level less detrimental to the country's future.
The fact that Thompsons plans to send its Platinum customers to the country, tells the world in no uncertain terms that the government and population at large have been largely successful in their aims. This will do massive good to the Dominican Republic's reputation on the world stage and now the country can be looked at purely on its strengths.
Dominican Republic was previously the most affordable location to buy a Caribbean beach house, but that title has just been stolen by Margarita. Nevertheless, Dominican Republic's new found peace and stability will increase the chances that, despite its prices being slightly higher than Margarita, it will be able to hold its own and attract more than its fair share of international property investors.
David Stanley Redfern Ltd have just what they are looking for. Two developments, one right on top of one of the Dominican Republic's best and most popular beaches, namely Cabarete, and the other not much further away but also close to Sosua beach – both of which are in the town of Sosua.
The beachfront property is the Oasis, a development of 1-3 bedroom beach houses on a fully equipped, enclosed resort, with prices starting from just £67,000. Go just that little bit further back from the beach, and you can get a 1 bedroom apartment, again on a fully equipped resort for under £30,000.
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: media@davidstanleyredfern.com
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