About Dominican Republic
The Dominic Republic is one of the most sun-kissed and welcoming nations in the whole Caribbean. With sunshine all year round, the annual average temperature is 26ºC, and the beaches are among the region’s finest. It is no wonder, then, that the Dominican Republic is a very popular tourist destination. However, because of the Republic’s strategic destination at the south tip of the Bahamas, between Cuba and Haiti to the West, Puerto Rico to the East, the U.S.A. to the North West and South America to the South East, the Dominican Republic is also an increasingly popular centre for regional business, and has seen significant growth outside the tourist sector as well as within it.
Beyond the beautiful beaches, the Dominican Republic has much more to offer tourists geographically, with verdant valleys and desert areas with winding dunes both present. Beyond this, the Dominican Republic is also home to the Caribbean’s highest peak, Pico Duarte, and its biggest lake, Lake Enriquillo. Both present visitors with areas of outstanding natural beauty.
Despite all of this, property prices in the Dominican Republic have still got some way to go to catch up to many other Caribbean nations, and offer great potential to investors. Property prices rose on average 20% last year, and this trend is continuing. On top of this, the proliferation of international business through the country means that rental prices are rising very rapidly, and demand far outstrips supply. Add to this the US$1billion being invested into local infrastructure such as roads, airport expansion, golf courses and marinas, and the Dominican republic looks set to be a dream come true for holiday-makers and property investors alike.
Off Plan Property can help you to benefit from the growth in the Dominican economy by sourcing the best and most competitive property developments, and securing extra discounts to further enhance value and profitability. |
