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I n Punta Cana, it’s all about the beach and sunny weather. Punta Cana Dominican Republic is undeniably breathtaking with tall swaying palms scattered along 21 miles of some of the whitest and finest coral sand beaches in the world. The area has become a haven for vacationers who are seeking a beach chair, a Pina Colada and a good read or memorable dining at a choice restaurant. Punta Cana real estate is hotter than ever with investors looking for Punta Cana apartments and rentals with high rental income potential.
Punta Cana is the perfect atmosphere for families, couples or friends who are looking for a resort-style vacation. Just about every tour embarks from this area so no one in the group can complain about being bored.
The majority of the over 30 resorts in Punta Cana are all-inclusive, allowing for an easygoing vacation or honeymoon with plenty to do. Are you interested in snorkeling excursions? You can practically name your attraction and find it here. As one of the fastest growing areas in the country, more luxurious and bigger complexes are planned to open in 2006. Beyond new accommodations, a 24-mile long boulevard is being built to easily move vacationers throughout the area.
For the past 15 years tourism has had sustained levels of consistent growth, turning into the most important economic sector for the country. Tourism is responsible for employment in many different sectors of the local economy. The Dominican Republic has gone from average tourist activity to the #1 Caribbean destination in 2005.
Bavaro Beach, Punta Cana, is the fastest growing tourist and investment area in the entire Caribbean by USA citizens, Canadian and European investors.
Here are just a few reasons why Punta Cana Dominican Republic is a great place to Live, Play, and Invest:
The lowest prices in residential properties over the Caribbean
Only 15 min from the an International Airport
An excellent Investment with High Rental Income
Appreciation 15-20% yearly
40 Hotels with 30,000 rooms with 90% occupancy rates
More than 2.5 million visitors per year and growing
25 miles of white sandy beaches and turquoise blue waters
Theme parks, water sports, swimming, marinas, sailing, windsurfing, designer golf courses, night life and gambling casinos
Year round tropical climate
Mayor developers and companies investing in the area
Hotel occupancy rates in Bavaro-Punta Cana for 2006 were 80%. So far for 2007 the average is 88.6%. Hotel rooms on the island have gone from 3,800 back in 1980 to 63,000 hotel rooms in 2006 with an average occupancy rate of 83%.
Furthermore, tourist numbers have gone from 556,423 in 1980 up to 4.1 million Tourists in 2005 with revenues of over $3.5 billion dollars, 2006 4.4 million Tourists, $3.8 billion dollars and 2007 is on track for 4.7 million Tourists and $4.1 billion dollars. These numbers are similar to the PIB contributions from Dominicans living abroad to their families on the oasis island. 51% of the monies sent went to the Bávaro – Punta Cana area, $1.8 billion dollars.
Bávaro-Punta Cana is having sustained growth, where you can find the best hotel/resort chains, and the most diverse commercial establishments are flocking to the area trying to establish their presence in the area. This is why there is a shortage of supply and increased demand for residential developments.
General Details Punta Cana / Bávaro (2004-2006)
2004 24.000 rooms
2006 27.000 rooms; Increase: 11.1%
2004 = 45.360
2006 = 48.030; Increase: 5.8%
Arrivals Punta Cana Airport
(2006) =1.732.009 Increase: 22%
Visit Punta Cana Dominican Republic for a vacation. Who knows, you may find real estate thats just right for you!