The real estate market in the Dominican Republic is one of the markets with a strong margin for growth, with great potential that has yet to be explored.
It seems that many foreign investors have recently began to consider this beautiful paradise immersed in Mar dei Caraibi as an ideal location for buying and selling real estate.
It is important to note that in the past few years, the government has introduced various policies in order to render the country more attractive, setting a very ambitious objective: to double the number of tourists that visit the Dominican Republic in the space of five years. At present the number reaches around 5 million.
Concentrating on tourism is a safe investment for the country. Despite the fact that the sector is already the second element of the national GDP with a revenue of over four billion dollars in 2012, there is still plenty of space for growth.
Purchasing a property in this beautiful setting is favorable for a number of reasons. Besides its magnificent location it is inevitable that properties will increase in value as the value of international tourism grows.
According to data, the Dominican Republic is an ideal place to purchase a property: the average cost per square meter in the capital Santo Domingo is 1,200 dollars (around 870 euro), an equal estimate for Puerto Plata, the second most important city in the country renowned for its touristic area, with over 100 meters of beaches.
