Dominican republic set to regain popularity with overseas property investors News Posted On: 14 December 2009 During 2008 rapidly rising tourism and low property prices made the Dominican Republic one of the most popular destinations among the new wave of overseas property investor, and holiday home investor. Like many markets around the world there has hardly been a peep about Dominican Republic property this year — that is, until now. The massive American hotel chain Hard Rock Hotel has just announced a massive investment in the Dominican Republic, which will see the construction of a multi-million dollar resort and hotel complex. This really proves the points that the financial downturn has not stopped people from taking holidays abroad, and that tighter belts can actually boost the destinations that offer the best value for the holiday buck — like the Dominican Republic. It’s not like Hard Rock grew into such a huge corporation by sticking a pin in a map, of course the thousands it spent on research showed that growth in tourism to the Dominican Republic has not stopped this year. Demand for overseas property has been increasing since April this year, and the Caribbean has been one of the biggest benefactors of the growth. This is because those currently buying are predominantly wealthy lifestyle buyers. However, as the recovery strengthens overseas investment is also beginning to increase, and places like the Dominican Republic will regain their positions as favourite locations. Last year saw the Caribbean Isla Margarita knock Dominican Republic off the top spot of offering the cheapest property in the Caribbean. This didn’t last long and Dominican Republic regained its position just months later. Property prices haven’t dropped in the Caribbean the way they have here, but the landscape has changed. None the less Dominican Republic property will still be among the lowest priced in the Caribbean.

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