The Dominican Republic offers some of the best bargains currently available on the world property market, according to one expert.
A representative at the foreign investment portal, Property Abroad, believes that the Caribbean hotspot offers the perfect tonic to global markets, which have been battered by the credit crunch.
According to Les Calvert, director of the website, a two-bedroom property in the resort of Sousa would cost an investor about £50,000.
He commented: “Prices are astonishingly low, even for near completed developments.
“When you consider the massively rising tourism to the Dominican Republic in the last few years and its continuing despite the credit crunch because of the low cost Caribbean holiday it offers, it becomes an incredibly buy.”
Mr Calvert added that tourism to the country grew by over one million last year and was forecast to rise again in 2009.
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