Cheap Dominican Republic Real Estate
Referred to as ‘the diamond in the rough’ of international property investment, the Dominican Republic real estate market has shown impressive growth over the past few years.
According to a February article in Global Property Guide, this recent interest and investment flow has put the island nation in the spotlight of the luxury real estate market.
Such projects include Cap Caña, a resort development that transformed over 30,000 acres of the southeast coast with several high end hotels and golf courses, and thousands of luxury homes in what ended up being the largest private community in the country.
The biggest thing the Dominican Republic property market has going for it is affordability. Global Property Guide’s investment analysis confirms this in its March 2008 survey of Caribbean real estate prices. Bermuda, Grand Bahama, and Barbados came in first at $7,861, second at $7,020 and third at $6,728 respectively with the most expensive prices per square meter while the Dominican Republic came in at $1,324 as the most affordable market among the twenty Caribbean countries assessed.
Dominican Republic Developments