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P unta Cana Real Estate has experienced tremendous growth over the past 10 years. Low prices, low taxation and a solid, growing economy making it a strong investment location. Punta Cana is one of the hottest spots for investing in the Caribbean with investors from around the world looking for high return on investment along with steady rising rates of appreciation. The options are endless: apartments, condos, luxury homes, beach-front properties, vacant land, and more.
The Dominican Republic has often been labeled the best value for money real estate destination in the Caribbean, but this is not the only appeal. The DR is the second largest island in the Caribbean which offers buyers a rich diversity of natural beauty. White sandy beaches and crystalline waters, to cool moutain breezes. Punta Cana and Dominican Republic Real Estate offer equal diversity to suit all tastes and all at affordable prices.
Here are just a few reasons why Punta Cana and the Dominican Republic is a great place to Live, Play, and Invest:
2014 resale prices up 9% per annum average since November 2010
Pre-Construction Prices November 2014 From $135,000 up 35% From November 2007
9% Rental Income Average in 2014
World’s largest corporations, hotel chains and most wealthy individuals are investing in the DR now. Why is that important to you? Massive due diligence is carried out by such corporations and individuals. You can rest assure that real estate investment in the DR holds the potential to provide significant return on investment. Companies like Wal-Mart, Ritz Carlton, Westin, Conrad Fairmont, Four Seasons, Donald Trump, Hard Rock Cafe are expanding their operations to include the DR and Punta Cana.
Year round tropical weather, lower prices, tax exemptions and a high quality of life are important factors that motivate investors and tourists to the Dominican Republic. Affordable and easy access from the US, Europe and all over the world makes the Dominican Republic the natural choice of tourists and investors alike.
Capital growth is averaging 20% per annum in most areas. The Wall Street Journal has made predictions of up to 50% growth in the near future. Savvy investors are making their move now and making the most of low entry pre construction prices and rapid rates of appreciation, rather than missing out once prices start to increase dramatically in the future.
Strong ties with other countries such as the USA, the UK and Canada. Expats, retirees and investors are seeing the DR as a viable investment destination. As tourism increases, predicted at a rate of 3.4% per annum through 2017, foreign relations will grow stronger.
During the past 15 years the DR has received a total of US$12.1 billion in foreign direct investment (FDI)
In 201 alone the DR received US$1.8 billion in FDI, slightly less than Costa Rica, but more than the remaining four DR-CAFTA countries. Tourism, tourism real estate and telecommunications were the major areas of investment.
Dominican Republic’s tourism industry grew 4.5% in Jan-August 2011 compared with the same period last year. January-August 2011 2,6 million January-August 2010 2,4 million and continues steady growth through 2014.
Spanish is the official language; however, English, French, Italian, Dutch, Russian and German are widely spoken.
Over half the tourists came through Punta Cana International Airport (54.7%), while the remaining amount came through Las Americas International Airport (19.3%), Puerto Plata (15.8%) and La Romana (5.5%).
Russian tourist market grew considerably in 2011 with an 83% increase in Russian tourists compared to last year, Ukrainian tourism is up 11% and Polish tourism is up 92.5%.
From Latin America, there were also increases. There were increases from Brazil (up 32.5%), Ecuador (up 37.9%), Mexico (up 15.5%), Chile (up 44.8%), Argentina (up 38.1%) and Colombia (30.1%) as air links improved.
Canadian market is showing its strength, with approximately a half a million arrivals in the first quarter of 2014.
Arrivals come primarily from the United States, Canada, France, Spain, Belgium and Switzerland
Arrival of Canadian and U.S. tourists grew 9 and 7.4 percent respectively, whereas flow from England, Belgium and Spain also posted growth.
Area still in developing stages, great opportunity for investment
Punta Cana has 65 Hotels with 40,000 rooms and 15,000 more under construction
More than 4.5 million visitors per year with 55% arriving in Punta Cana
Expected 3.4% per annum tourism growth through 2017
Stable Democratic Government encouraging foreign investment
15 minutes from Punta Cana International Airport 35km (22 miles) of white sandy beaches and turquoise blue waters
Theme parks, water sports, marinas, designer golf courses, night life and gambling casinos
Oscar de la Renta, Julio Iglesias, Mikhail Baryshnikov, Shakira, Bill and Hillary Clinton, Ricky Martin, are just a few of the famous who visit and make Punta Cana their home. It’s all about the beach, undeniably breathtaking with tall swaying palms scattered along 35 Km (22 miles) of some of the whitest and finest coral sand beaches in the world. Ocean front golf courses by Tom Fazio and P.B. Dye, a Six Senses Spa, 5 Star hotels and restaurants, and the Punta Cana Ecological Foundation make this exclusive community the perfect retreat.
Punta Cana, named after a local cape, is a region in the easternmost tip of the Dominican Republic. Covering about 4,200,000 m2 (1,100 acres), the region is home to a coastline of sandy white beaches and to a town of the same name.
Located in the province of La Altagracia the region borders the Atlantic Ocean to the east. To the north, it borders the village of Bavaro and El Cortecito Beach. Areas bordering Punta Cana include Cabeza de Toro, Cabo Engaño and, further west, Juanillo. North to South the main beaches are: Playa Arena Gorda, Playa Bavaro, Playa Uvero Alto, Playa Macao, Playa El Cortecito – all north of the cape – and Cabeza de Toro, Cabo Engaño, Punta Cana, Juanillo – south of the cape.
The entire Bávaro-Punta Cana region entered a fast-paced growth phase in early 2004. With the establishment and initiation of foreign investment projects such as Cap Cana and The Westin Roco Ki Beach & Golf Resort, the development of new marinas, resorts, and housing complexes have been developed.
For the past 10 years foreign investment has had sustained levels of consistent growth, turning into one of the most important economic sectors for the country, and responsible for employment in many different sectors of the local economy. Bavaro Beach, Punta Cana, is the fastest growing tourist and investment area in the entire Caribbean by U.S. citizens, Canadian and European investors.
Needless to say, Punta Cana Real Estate many say is highly under-valued. In mid 2014 pre-construction apartment prices started at $135,000 Punta Cana Bavaro an increase of 35% since November 2009. There are still real estate deals in this great seaside community but you need a local market expert to help you. The team at Go Punta Cana Real Estate are experienced real estate professional who have many years of home buying and selling experience in the Punta Cana area. For true local and knowledgeable service in the Punta Cana Real Estate market, contact Go Punta Cana Real Estate Info@gopuntacanarealestate.com 890 552-0177 Dominican Republic
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