Have you heard that there are affordable condos for sale in Punta Cana of the Dominican Republic? If yes, then what’s stopping you from buying one today? Here are a few reasons to convince you to do so at the earliest.
Dominican Republic is situated in the Caribbean Islands on the island of Hispaniola. In terms of area as well as population, it is the second largest Caribbean country. With Spanish, French, Haitian, American, African, Italian and other influences, the culture and lifestyle of the locals is a beautiful and colorful blend that welcomes visitors and celebrates differences. Today the country is the largest tourist destination in the Caribbean and lures in people from all over the globe with its year-round golf courses which are among the best in the world. In addition to the natural scenic beaches, hills and topography DR also boasts of an annual average temperature of about 25 degree Celsius. In view of the fact that millions of people visit the country every year, it comes as no surprise that tourism is one of the major industries fueling its economic growth.
Some locations in the country are not only famous as tourist destinations, but also weddings. They are on top of exotic destination weddings of celebrities and the affluent crowds of the world. The beautiful beaches, the exquisite locations and unmatchable price offers has made places like Bavaro, Punta Cana, Juan Dolio, La Romana, Samana, Santo Domingo and Bayahibe one of the favorite locations for foreign couples wanting to tie the knot abroad. Many of these couples move on to buying property in town, for sentimental reasons. And if not sentiments the fact that real estate is growing constantly and appreciating at 15% annually is reason enough.
In recent times there have been many baby boomers and retirees moving to the country too. A large part of the credit for this goes, not only to the sunny weather and the ambiance of the place, but also the lenient immigration laws of the government that make the move one that is smooth and hassle-free. With this developing country emerging as an important tourism industry player, many smart investors are now buying more than one condos in Punta Cana and other locations around the country as investment. Many of them simply make sure that they buy the real estate in an area frequented by tourists and place it on the market for resale at a much higher price or rent it out to the visitors for a little less than one would spend on hotel rooms. Renting out a well furnished villa or condo in a place like Punta Cana for instance, can be extremely profitable. Many family vacationers or couples who are looking for a romantic getaway prefer having a home away from home in comparison to a resort or hotel stay