C
Chavo
New Member
The Dominican Republic is covered in gorgeous beaches and surrounded by a relaxed culture. Tourism is
continuing to grow within the area and with many international airports, it is easy and convenient to
travel to the area. There are many untapped areas of real estate within the Dominican Republic, and by
purchasing property the rental return can be high.
Economic Situation for Investors
Since the election of Leonel Fernandez in May 2004 as president, the Dominican Republic's economic
situation has improved considerably and investor confidence is returning. Fernandez soundly used the
three month period before taking up office in August 2004 to travel abroad with a view to re-establishing
international investor confidence in a market whose international credit rating had declined quite a bit during
the Mejía government. In his acceptance speech, Fernandez sent a strong message to the international
community that he intended to tackle the country’s debt problems and fight against corruption in the Dominican
public and private sectors. Since the Fernandez administration took control, the peso has strengthened considerably.
Currently, US$1 is equivalent to RD$32.2 (€1 = RD$43.8)
Climate
The Dominican Republic enjoys a year round tropical maritime climate. A latitude of 17° 36, - 19° 58, places the
Dominican Republic at the border of the tropical zone. Sea breezes refresh the insular territory, evening out
temperatures to average 73°F (23°C) in the early mornings to 89°F (32°C) at mid-day. There is little difference
between winter and summer temperatures with July averaging at 82ºF (28ºC) and January at 76ºF (23ºC).
The lowest temperatures occur in the mountain areas near Constanza, where temperatures have dropped to 32°F
(0°C),and record highs have been registered at the frontier with Haiti, 102°F (39°C) in the summer. The months of
May to November are regarded as the rainy season. The hurricane season lasts from June through November, with
August-September being the peak months.
Strategic Location
At the heart of the Caribbean, the Dominican Republic is easily accessible by most major airline. The average flight-time
from major cities such as New York, Miami, Atlanta, Philadelphia, Newark, Toronto, Montreal and Chicago are only 4 hours
away from the Punta Cana International Airport.
Dominican Life
Dominicans are not only known for baseball players (such as Sammy Sosa) and a relaxed sense of being, they are also known
for wanting to make others happy. It is known that the islanders are easy going and laid back and want to make everyone’s
experiences unforgettable.
Press
Dominican Republic - One of the few Caribbean investment bargains - Saturday, February 10, 2007
WOKING, England: "With prices in neighbouring islands rising steadily and availability of land to develop becoming scarce,
investment hunters should look to the Dominican Republic, according to a leading property investment company in Britain.
It is the second largest of the Caribbean Islands and prices are said to be not anywhere near a peak just yet.
During its much talked about dictatorship, from which it was slowly weaned away during the 70’s and 80’s, the country was
pretty much untapped, but it was not until the 90’s that the Dominican Republic started to invest seriously in the tourism
market, and thus brought investors.
Bad management and a rush to accommodate the tourists meant that standards of accommodation were not up to scratch
and the tourists went elsewhere. The fall of the currency brought attention to its failing economy until a change in the
Government bought stability back once more.
New luxury resorts and apartment complexes have since emerged and reinvented it as a jewel in the Caribbean. Crime rates
are amongst the lowest in the Caribbean and its people are well known as being amongst the friendliest and warmest in the
World. With the wealth of attractions it has to offer, such as the 350 tropical beaches, the Amazon-like forests and the
gathering of 10,000 whales and dolphins every year on its shores, it’s no wonder tourism is booming.
Millions of dollars are being invested in developing new resorts and luxury golfing complexes, and redeveloping untapped parts
of the country previously inaccessible, and now being seen for the first time.
Property investment company, Principal International, confirms that whilst prices are keen they still have a number of luxury
apartments and villas for sale in the Puerto Plato region.
Prices in the Dominican Republic have reportedly been rising as much as 20 percent per year, but this steady growth is not
expected to last and as more and more investors realise the potential of this Caribbean jewel and development opportunities
reduce, property will be at a premium."
Copyright © 2006 Caribbean Net News All Rights Reserved
[For more facts on the DR, check out the CIA World Fact Book website]
continuing to grow within the area and with many international airports, it is easy and convenient to
travel to the area. There are many untapped areas of real estate within the Dominican Republic, and by
purchasing property the rental return can be high.
Economic Situation for Investors
Since the election of Leonel Fernandez in May 2004 as president, the Dominican Republic's economic
situation has improved considerably and investor confidence is returning. Fernandez soundly used the
three month period before taking up office in August 2004 to travel abroad with a view to re-establishing
international investor confidence in a market whose international credit rating had declined quite a bit during
the Mejía government. In his acceptance speech, Fernandez sent a strong message to the international
community that he intended to tackle the country’s debt problems and fight against corruption in the Dominican
public and private sectors. Since the Fernandez administration took control, the peso has strengthened considerably.
Currently, US$1 is equivalent to RD$32.2 (€1 = RD$43.8)
Climate
The Dominican Republic enjoys a year round tropical maritime climate. A latitude of 17° 36, - 19° 58, places the
Dominican Republic at the border of the tropical zone. Sea breezes refresh the insular territory, evening out
temperatures to average 73°F (23°C) in the early mornings to 89°F (32°C) at mid-day. There is little difference
between winter and summer temperatures with July averaging at 82ºF (28ºC) and January at 76ºF (23ºC).
The lowest temperatures occur in the mountain areas near Constanza, where temperatures have dropped to 32°F
(0°C),and record highs have been registered at the frontier with Haiti, 102°F (39°C) in the summer. The months of
May to November are regarded as the rainy season. The hurricane season lasts from June through November, with
August-September being the peak months.
Strategic Location
At the heart of the Caribbean, the Dominican Republic is easily accessible by most major airline. The average flight-time
from major cities such as New York, Miami, Atlanta, Philadelphia, Newark, Toronto, Montreal and Chicago are only 4 hours
away from the Punta Cana International Airport.
Dominican Life
Dominicans are not only known for baseball players (such as Sammy Sosa) and a relaxed sense of being, they are also known
for wanting to make others happy. It is known that the islanders are easy going and laid back and want to make everyone’s
experiences unforgettable.
Press
Dominican Republic - One of the few Caribbean investment bargains - Saturday, February 10, 2007
WOKING, England: "With prices in neighbouring islands rising steadily and availability of land to develop becoming scarce,
investment hunters should look to the Dominican Republic, according to a leading property investment company in Britain.
It is the second largest of the Caribbean Islands and prices are said to be not anywhere near a peak just yet.
During its much talked about dictatorship, from which it was slowly weaned away during the 70’s and 80’s, the country was
pretty much untapped, but it was not until the 90’s that the Dominican Republic started to invest seriously in the tourism
market, and thus brought investors.
Bad management and a rush to accommodate the tourists meant that standards of accommodation were not up to scratch
and the tourists went elsewhere. The fall of the currency brought attention to its failing economy until a change in the
Government bought stability back once more.
New luxury resorts and apartment complexes have since emerged and reinvented it as a jewel in the Caribbean. Crime rates
are amongst the lowest in the Caribbean and its people are well known as being amongst the friendliest and warmest in the
World. With the wealth of attractions it has to offer, such as the 350 tropical beaches, the Amazon-like forests and the
gathering of 10,000 whales and dolphins every year on its shores, it’s no wonder tourism is booming.
Millions of dollars are being invested in developing new resorts and luxury golfing complexes, and redeveloping untapped parts
of the country previously inaccessible, and now being seen for the first time.
Property investment company, Principal International, confirms that whilst prices are keen they still have a number of luxury
apartments and villas for sale in the Puerto Plato region.
Prices in the Dominican Republic have reportedly been rising as much as 20 percent per year, but this steady growth is not
expected to last and as more and more investors realise the potential of this Caribbean jewel and development opportunities
reduce, property will be at a premium."
Copyright © 2006 Caribbean Net News All Rights Reserved
[For more facts on the DR, check out the CIA World Fact Book website]
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