Dominican Republic: No 1 in World’s Top 10 Property Hotspots!

The Dominican Republic is one of the fastest-growing Caribbean destinations:

• The World Tourism Organization named the DR the “Caribbean’s No. 1 Destination,” ending Puerto Rico’s 40-year reign.

• 25% of all travellers to the Caribbean pick the Dominican Republic as their destination, according to the Minister for Tourism.

• Dominican Republic recorded an 8% increase in visitor arrivals in 2008 and aims to reach 5 million by 2012.

Not only is the nation committed to maintaining its status as one of the most reasonably priced Caribbean destinations, but millions of dollars of investment are going into everything from golf courses to marinas and from upscale shopping malls to sports facilities.

Dominican Republic already has more golf courses than any other Caribbean destination, with courses designed by legends such as Jack Nicklaus, Arnold Palmer, Gary Player and Nick Faldo. There are 27 courses either operating now, under construction or in the planning stages.

The Dominican Republic has seven international airports, more than any other Caribbean island, making travel easier than for other similar locations.

For investors, a combination of increasing tourist numbers, lower prices and occupancy rates that average above 85% in the most popular areas mean that rental property in Dominican Republic can produce excellent returns.

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