"Buying at the earliest possible point of sale of course allows investors to profit not only from below market values and high growth, but also to choose from the very best first and second line plots available, right from the start; everyone knows the importance of location when buying and selling land and real estate ."

prweb.com

 

"The extremely low entry prices are the earliest opportunity to buy, prior to official international launch."

prweb.com

 

"The Caribbean getaway is bound to become popular with Hollywood stars, and will no doubt set a new precedent in green luxury travel."

hippyshopper.com

 

"The Dominican Republic offers typical Caribbean pleasures at knockdown prices - largely because having troubled Haiti inhabiting the other half of the island hasn't helped its international image. The south coast is in danger of becoming like Torremolinos, but Two Rivers in the less developed north is one of the country's higher quality resorts. Beachfront cabanas from £75,000 sit on white sands and the attractive town of Puerto Plata, with its glitzy new marina and seafront, is three miles away."

telegraph.co.uk

 

'Having co-hosted the cricket World Cup this year, the government has invested millionsof dollars in the infrastructure by improving the roads and building a new hospital.Buoyed by the weak dollar, property prices in Barbados and the Dominican Republic offer incredible value for money and cost only 60% of comparable high-end property on the Caribbean.'

countrylife.co.uk

 

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Articles on the Caribbean

All eyes on the Dominican Republic

Not too long ago was the Dominican Republic considered an unlikely place for luxury resorts and residences. Only last year, French developer Pierre Schnebelen had the foresight to develop Costa BayanA along the northeast coast near the border with Haiti. It is a huge project composed of more than 13,000 properties on thousands of acres of oceanfront property.

If the future of the Dominican Republic real estate was still unsure, now the success of the Dominican Republic being the new luxury spot in the region is as bright as the Caribbean sun. Who else can seal its fate but the real estate tycoon Donald Trump? With the development of Trump at Cap Cana worth more than two billion dollars, more investors are swarming into the Dominican Republic.

Growing investor interest

More and more foreign businesses are investing in the Dominican Republic. Wal-mart is reportedly expanding to the Dominican Republic and the rest of the Caribbean. A Westin is being built in the country by Starwood Resort Worldwide. Other U.S. chains are following suit.

A 50 million-dollar Ocean World opened recently on the north coast. Another group acquired 2,000 acres in Playa Grande for development. There is also the newly-completed luxurious Aquabella Beach, Spa and Marina.

European and American investors alike show much interest in luxury real estate in the country. Property prices in the Dominican Republic are rising consistently, and are expected to rise even more.

“In 1992 when I first came here, houses cost 400 Dominican Pesos (DOP) per sq. m. Now they cost DOP2,800 per sq. m. So there has been appreciation,” says Monique Frings

Fighting poverty

All these developments are strengthening the tourism industry and are generating thousands of jobs, which is a huge help for a country with an estimated 17% unemployment rate.

Nevertheless, the Dominican Republic is still the poorest country in the Caribbean next to Haiti, although the gap is very wide. In 2006, the Dominican Republic registered a GDP per capita of US$3,291. While its GDP per capita growth is only 2.39% on the average from 2001 to 2006, it grew by 4% last year.

The economy grew by 9.1% in the first quarter of 2007, as reported by the Dominican Republic Central Bank. This is slightly lower than last year’s 10.9% in the same period.
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