Thinking of moving to the Caribbean? You may want to consider the Dominican Republic which is becoming increasingly popular as a place for relocation or a second home. Many property pundits and investors are agreeing that it is a hot spot for buyers in the Caribbean.
There are excellent opportunities for investment in the Dominican Republic (DR). It is one of the most stable countries in the Caribbean and Latin America. The Dominican Republic also has very low labour and living costs that, together with the laws to promote Foreign Investment, have made it very attractive for those who are looking for high profitability and security. The relatively low cost of living in the Dominican Republic is also attracting retirees who are looking for a place to live comfortably on a finite income.
Tourism is growing at a phenomenal rate in DR and thus there are more infrastructure developments in the country, greater variety of activities and increased opportunities for renting property. Getting to DR is easy as it is serviced with a multitude of direct flights from all over the US and Europe. From Miami it takes only 2 hours to be in a completely different world!
The Dominican Republic, which takes up two-thirds of the island of Hispaniola and borders with Haiti, boasts of an 870-mile coast line with a stunning array of beautiful golden-sand beaches. The geography of the country is very diverse, ranging from verdant tropical rain forests to arid semi-desert plains. Temperatures are tropical with an average of 23°C in the early mornings to 32°C at noon. Similar to other islands of the Caribbean, there are no large wild animals, no poisonous snakes, and no spiders or insects whose bite or sting is life-threatening to humans.
The capital, Santo Domingo is the oldest city in the New World and is home to a huge historical legacy. It is also a bustling hub of modern day activity and no other city in the Caribbean has a greater variety of restaurants and night life.
Caribbean Land and Property currently has over 100 properties in the Dominican Republic, including hotels, resorts and residential properties that are ideal for personal use or as a vacation rental. Contact us today for more information
