We are all aware of the trend in falling real estate prices in North America and Europe, yet since a strong resurgence starting in 2002, real estate in the Dominican Republic has not only maintained, but grown an average 20% per year since then.
Add to that the fact that the Dominican Republic is still the cheapest island to invest in the Caribbean and you may well be surprised at how much you can get for so little...
A stable government and growing economy, low cost of living, low crime rate and easily-obtainable resident status, freehold real estate, plus the lovely Caribbean climate are just a few of the advantages that attract investors from all over the world.
Real estate agents in the Dominican Republic are seeing all sorts of clients coming to buy, from young investors looking to get a foot on the ladder, to retirees looking to spend quality time in a rat-race free environment.
The Dominican Republic has become a melting pot of property buyers from the world over! Where else in the Caribbean will you find a 2 bedroom, 2 bathroom, ocean front condo, with mahogany doors, marble floor and granite kitchen tops for US$300,000.
00 (Oh and that's fully furnished!).
The deals are unbelievable.
A case study shows that back in 2002 beach front land in the coastal town of Cabarete (North Coast) would occasionally sell for around US$30/square meter.
In 2008 the per meter cost has been quoted as high as US$1,000 in some areas, and very little remains available.
Another example is a 2 bedroom, 2 bathroom villa in a gated community would have sold for US$55,000.
Nowadays that same villa would not sell for less than US$200,000 - still a price that freehold you won't find anywhere else in the Caribbean.
The Dominican Republic offers an enjoyable, relaxing lifestyle, a young workforce looking to improve themselves, a climate that is the envy of no other, and real estate investments that are going up, up and away!
Add to that the fact that the Dominican Republic is still the cheapest island to invest in the Caribbean and you may well be surprised at how much you can get for so little...
A stable government and growing economy, low cost of living, low crime rate and easily-obtainable resident status, freehold real estate, plus the lovely Caribbean climate are just a few of the advantages that attract investors from all over the world.
Real estate agents in the Dominican Republic are seeing all sorts of clients coming to buy, from young investors looking to get a foot on the ladder, to retirees looking to spend quality time in a rat-race free environment.
The Dominican Republic has become a melting pot of property buyers from the world over! Where else in the Caribbean will you find a 2 bedroom, 2 bathroom, ocean front condo, with mahogany doors, marble floor and granite kitchen tops for US$300,000.
00 (Oh and that's fully furnished!).
The deals are unbelievable.
A case study shows that back in 2002 beach front land in the coastal town of Cabarete (North Coast) would occasionally sell for around US$30/square meter.
In 2008 the per meter cost has been quoted as high as US$1,000 in some areas, and very little remains available.
Another example is a 2 bedroom, 2 bathroom villa in a gated community would have sold for US$55,000.
Nowadays that same villa would not sell for less than US$200,000 - still a price that freehold you won't find anywhere else in the Caribbean.
The Dominican Republic offers an enjoyable, relaxing lifestyle, a young workforce looking to improve themselves, a climate that is the envy of no other, and real estate investments that are going up, up and away!
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