Mclaren Investment Property Abroad

Why Invest in The Dominican Republic?

The Dominican Republic is a beautiful Caribbean location made popular with tourists via the ever increasing number of high quality, affordable resorts lining its palm-treed beaches. Compared to other Caribbean destinations today, The Dominican Republic still offers the best property prices and a superb location. Despite its emerging status, The Dominican Republic remains as desirable a holiday destination as any other Caribbean island, while tourist figures continue to grow at an unprecedented rate.

The Dominican Republic is the second largest island in the Caribbean and is currently undergoing huge investment in infrastructure (including the development of 3 Jack Nicklaus golf courses, marinas and hotel complexes). Property prices are competitive compared to other islands. There are no restrictions for foreigners buying property.

The Dominican Republic also possesses many other advantages – it provides tax-free US Dollar banking, over 1200 km of coastline, direct flights from many major UK and US cities and average temperatures between 24°C (75°F) and 31°C (89°F).

At the present time, when it comes to the property market in The Dominican Republic, the biggest area of growth involves property associated with the travel and tourism industry. This includes resort properties, apartments and other residences that are utilised by people who are travelling into The Dominican Republic for extended stays. Foreign nationals have been very active in this segment of The Dominican Republic property marketplace.

Investment Property in The Dominican Republic

When it comes to investment in the property market in The Dominican Republic, there has been a great deal of activity in that segment of the marketplace involving property that effects or impacts travel and tourism. Foreign nationals have been active in this segment of the property market in The Dominican Republic for years.

A great deal of investment is being made in the development of resort communities in The Dominican Republic. With tourism being the number one industry in The Dominican Republic, investment in the tourism trade through the property market is proving to be profitable for many people, including an ever growing number of foreign nationals.

Foreign nationals can be seen putting their money into hotel resort complexes, apartment projects that are being created to serve as second homes or vacation properties for people interested in spending an extended period of time in The Dominican Republic during the course of the year and into more upscale and expensive single family homes, including high cost villas and estates that are being used with regularity by well healed travellers into The Dominican Republic. Most property analysts are predicting that this trend towards foreign investment in real estate associated with the tourism and travel industry will continue unabated well into the next decade.

Holiday Property in The Dominican Republic Holiday Resorts

Most property analysts believe that the trend towards purchasing vacation and holiday related properties in The Dominican Republic will continue unabated through the next two decades. Presently, these analysts believe that now is a sound point in time to invest in property in The Dominican Republic because property values are rising. These experts believe that those foreign nationals and other property purchasers in The Dominican Republic will be able to realise nice returns on their property investments.

South Americans have been a significant portion of the overall holiday property market. However, since the turn of the century, a growing number of people from North America -- including both The Dominican Republic and The United States -- are finding The Dominican Republic to be a wonderful and ideal travel and holiday destination. Likewise, The Dominican Republic has seen an up tick in the number of people from the European Union who have invested in vacation or holiday properties of different types within The Dominican Republic. These trends are expected to continue well into the next decade according to analysts who have spent time considering The Dominican Republic property market and tourist trends.

Development Features

•    100% Finance Available
•    Fully furnished to luxurious 5 STAR standards
•    Mortgages available up to 70% LTV (STS)
•    Managed by 5 Star Hotel company
•    Two years 10% rental GUARANTEED followed by 50/50 room rate share

 

Puerto Plata

The Amber Coast, along the northern coast of the island is named for the rich deposits of amber found in the hills near the 75 mile stretch of beautiful beaches east of Puerto Plata. The white-sandy beaches, impressive mountain ranges, spectacular rivers, waterfalls and exotic wildlife are just the beginning of the Dominican Republic's exotic beauty.

Puerto Plata is the largest city of the Northern region and a tourism Mecca of the Dominican Republic; 80% European and 20% North American. It's a popular destination for tourists who are seeking a relaxing, affordable holiday with the option of a lot of places to visit in the vicinity. 3 miles west of Puerto Plata, a new full service marina is under construction with berthing up to 250 ft (LOA), WI-FI, 24 hour security, customs and immigration on-site and a fuel dock.

Ocean World Marina is adjacent to the famous Ocean World Adventure Park, the newest and largest marine park attraction in the Caribbean. The Marinas Grand Opening will be April 2007. By March 2006, about 20 slips would have opened with electricity, water, and pumped fuel. Puerto Plata is known for its glimmering beaches and entertaining resorts. However, straying away from the water for a day can yield a breathtaking experience.

Blanketed in tropical flora, the 2,600 foot high Mount Isabel de Torres offers a great adventure. To reach the peak, you can drive, hike or take the scenic Teleferico (cable car). At the top of the mountain are lush botanical gardens, a souvenir shop, café and a 52 foot statue of an open armed Cristo Redentor overlooking Puerto Plata and surrounding area. Along with some of the most splendid views of the Puerto Plata bay. The mountain is one of four protected scientific reserves in the country and home to the highest altitude botanical gardens in the Caribbean.

The Dominican Republic offers a wide selection of artwork, with Spain, Africa and Haiti having the strongest influences. Most of the artwork found in tourism areas consists of simplistic, colourful painting sand wood or ceramic sculptures. Most oil paintings are the reproduction of Haitian originals and are likely to be one of thousands of the same piece.

Cigar specialty shops tend to offer higher-end, brand name cigars. Jewellery is found in abundance, with the most prevalent jewellery items being inexpensive and casual, beaded necklaces, bracelets, earrings and anklets. The higher-end jewellery shops also carry gemstone and semiprecious collections made with either sterling silver or gold. Some of the best shopping in Puerto Plata can be found just by wandering around the city.

The streets are teeming with activity and dotted with a variety of shops such as the Grand Factory - a large jewellery shop with original amber work made by the owners of the store. Plaza Turisol Complex, the largest shopping centre on the north coast, has about 80 different outlets and the most upscale and tasteful merchandise. It is located 5 minutes from Puerto Plata and Playa Dorada.

The Dominican Republic is a paradise for the sports lovers offering the biggest variety of sports in the Caribbean. A boom in adventure sports has made the Dominican Republic a major hot spot. Forests, mountains and miles of golden beach provide a playground for adventure sports seekers with activities such as mountain biking and horse-riding, as well as a host of water sports including diving, windsurfing, kite surfing and white water rafting.

The beaches of Puerto Plata are known also for their exciting opportunities for scuba diving. With many shops and dive companies offering equipment and training, both beginners and expert divers alike can enjoy the wonders of the undersea world surrounding Puerto Plata. From shallow reefs and shipwrecks to deep water diving and freshwater cave diving, Puerto Plata’s diving scene is rife with electrifying sights. You may even come into contact with humpback whales or other large sea creatures.

The Dominican Republic is a renowned golf destination and Puerto Plata is home to some excellent courses. The 18 hole Playa Dorada golf course designed by Robert Trent Jones, Sr. at Victoria Resort Golf and Beach is listed as one of the top 100 golf courses in the world. The 9 hole Los Mangos golf course is located within the tropical fruit trees of Costambar village, just outside of Puerto Plata city. Serious golfers may want to make a trip outside of Puerto Plata to another Robert Trent Jones creation, Playa Grande, considered to be one of the best courses in the Caribbean.

One project we have in Puerto Plata is the Two Rivers Resort.