“I assure your highnesses that these lands are
the most fertile, temperate, level and beautiful countries
in the world” - Christopher Columbus. The Dominican
Republic is one of the most beautiful Caribbean destinations
and is also one of the most exciting emerging property
markets in the world. Government incentives to attract
high quality sustainable tourism continue to successfully
revitalise the countries economy and industry and there
has never been a better time to buy
a property in The Dominican Republic. The market continues
to grow at unprecedented rates resulting in steadily increasing
real estate prices and solid rental returns.
Guaranteed rental has become a buzzword within the property
industry but few schemes could compare with the structure
or yields offered by guaranteed rental schemes. Furthermore
the government incentives offer 10 years of tax incentives,
no tax on rental income, no capital gains tax and no property
purchase tax (Normally 4.6%).
The most recent development is widely recognised as the
largest dedicated leisure resort development in the world.
It is continually courted by premier international leisure
resorts and understandable when 8% guaranteed rental yield
(net of management fees) is available for the first 5
years. The Dominican Republic is approximately 1800 miles
from the mid US and approximately 4000 miles from the
UK, With flying times of approximately 3 hours and 7 hours
respectively and only fifteen minutes from Punta Cana
International Airport. For leisure, opportunity and benefits
this is the 'off
plan' property in The Dominican Republic.
2700 acres of sculptured tropical paradise along with
3 signature Golf Courses plus academy. The Golf Club is
the synthesis of spectacular location with grand vision
and it is destined to become one of the most prestigious
international championship standard Golf retreats in the
World.
The Dominican Republic enjoys a year round tropical maritime
climate, a latitude of 17’36 - 19’58, places
the Dominican Republic at the border of the tropical zone.
Sea breezes refresh the insular territory, evening out
temperature to average 23’C in the early mornings
to 32’C at mid-day. There is little difference between
winter and summer temperature with July averaging at 82’F
(28’C) and January at 76’F (23’C).
The lowest temperatures occur in the mountain areas near
Constanza, where temperatures have dropped to 0’C
, and record highs have been registered at the frontier
with Haiti , 39’C in the summer. The months of May
to November are regarded as the rainy season and most
rain falls in the northern and eastern regions. The Dominican
Republic is similar in size to Scotland or the U.S. state
of Maryland and is the second largest island in the Greater
Antilles.
The Dominican Republic’s Latin style is a sharp
contrast to the character of the many nearby islands,
especially the British and French-influenced ones, and
is reflected in both the local music and cuisine.
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