Invest in Dominican Republic, Real Estate Investment

is the bargain-hunters dream for real estate investment. It's a market that has yet to be discovered by the masses. However, with improved infrastructures and a rapidly growing tourist industry, the secret will be out soon.

Dominican Republic law is very friendly to foreigners: Law 21-98 of 1998 specifies that no restrictions are to be placed on the acquisition of land by foreigners, and that ownership would be certified by a notary public (In the Dominican Republic a notary public must have a law degree). Investors hold a certificate of title in the investor's name and are granted the same rights as residents.

Considerable foreign funds are being invested in the development of real estate projects geared towards travel and tourism. Resort communities of upscale villas and apartments are being developed to serve as vacation rentals or second homes. Real estate analysts predict this trend will continue well into the next decade.

Investments in condos, apartments, and villas can produce positive cash flow, sometimes with as little as 40% vacation rental occupancy. The average hotel occupancy rate in the Dominican Republic has been 74%-in the last two years. Currently there are only 70,000 hotel rooms in the DR, one quarter of what will be needed in the next 8 - 10 years to accommodate the projected increase in tourist visits.

Dominican Republic appreciation rates have been 20% annually. Fast growing regions may see appreciation rates as high as 50% in the coming years. 90% LTV financing is available from both United States and Dominican banks, allowing investors to leverage their money.

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As a result, the Dominican Republic offers secure and profitable investment opportunities. As tourism in the country is steadily developing, this tropical paradise with its investor friendly taxation and ownership policies, attractively priced land, and availability of cheap labor offers the potential for extraordinary profits. Simply stated, the Dominican Republic