The Dominican Republic has the second largest land size in the Antilles, behind Cuba but has some of the most affordable property as well. Investors here can take advantage of a burgeoning property market and tourism industry.
Labelled as one of the best places for investors to invest in throughout the Caribbean, the country offers a low cost of living, as well as an affordable holiday getaway. In tourism, travellers often spend much less when visiting Dominican Republic locations as they do when travelling to other tourism hotspots.
Property prices are low here. A one bedroom apartment in Sosua Beach will cost you about £30,000, a fraction of the cost of other beach from properties found throughout the Caribbean.
Various property developments are in the works here offering investors an opportunity to take advantage of the rental market here. With low capital gains taxes and rental income that is a flat rate, investing here is affordable.
The country is working to sell tourism even more so. At Berlin's Tourism Market which will take place starting 5 March, the Dominican Republic will hold top honours. There, it will showcase the luxury tourism industry here including the complexes available, the golf courses and one of the most in demand marinas available. Marketing to family vacations and second home buyers, the country will draw more tourism in.
