Why Invest in Property in Dominican Republic
Features & Benefits
Tourism has been one of the fastest growing industries in recent years for the Dominican Republic. Receiving close to 4 million visitors annually, the industry is expanding at an impressive rate of approximately 8% per annum. The occupancy levels for many of the hotels are in excess of 80%, creating a huge demand for new high-end accommodation.
The growth of the tourism industry has initiated a wide spread demand across the country for investment property, receiving excellent returns on both capital appreciation and rental yields. Located in the Caribbean, the Dominican Republic enables an ideal year-round climate with stunningly picturesque surrounds.
Expansion over the past decade for creating an attractive market to foreign investors has created benefits for both locals and overseas buyers. The creation of appealing investment opportunities and the tourism sector has enabled the country to emerge as one of the most sought after Caribbean markets.
Competitive property prices permit a greater potential of the foreign investment sector to enter the market, with worldwide appeal. Purchasing property in the Dominican Republic enables the additional attraction of owning a holiday home in a sought after market, receiving income from the rental market to cover expenses as the property appreciated in value to allow great return in the future.
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