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The Dominican Republic is spending $25 million dollars improving its beaches to make them more attractive to visitors. It is part of a wider plan to boost tourism as officials are

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worried that cuts in flights from the US and other problems such as the recent power cuts could seriously hit the number of people interested in investing in the country, the second largest island in the Caribbean. Seven beaches will be spruced up. The project includes bringing in 1.4 million cubic metres of sand and demolishing buildings judged to be damaging the coastal environment.

Major investment and development in the Dominican Republic is set to boost the Caribbean islands tourism and property investment industries.
A major investment deal from an as yet unnamed Balearic island development group worth €3.7 billion will include a railway linking Santiago and Santo Domingo and other significant tourism improvements, the government has announced.

Some $30 million for the reconstruction of highways has been granted by the OPEC Fund for International Development, a number of new Aerocaribbean flights and the construction of a ferry terminal costing $10 million at the Sans Souci tourist port, will also significantly add to the island's attractiveness to investors.

And according to a recent report by the Dominican Republic Ministry of Tourism, tourist arrivals for the first quarter of 2008 have already increased by 8% compared to the first quarter of 2007.

These developments are welcome to anyone interested in investment property in the Dominican Republic,' said Liam Bailey of David Stanley Redfern. The company believes apartment that are fully furnished and managed offer good deals for would be investors.
'Tax free returns and no work for the owner along with occupancy rates consistently higher than 74% offer excellent value in today's current economic climate,' he added.

Prices are amongst the lowest in the Caribbean and with Dominican Republic's huge tourist numbers rental yields of 10% can be expected, while property has the potential of 10-20% capital appreciation