| There has been a lot of talks about the impact of | | | | Destinations like Punta Cana, Bavaro, Uvero Alto |
| recession in the US on Dominican Republic Real | | | | and Bayahibe are very popular with real estate |
| Estate and its future outlook. When speaking | | | | investors in the Dominican Republic. These |
| about the Dominican Republic Property market, | | | | destinations are seeing new, large real estate |
| most people think that it is closely related to the | | | | developments planned and completed to meet |
| US economy. Some people may have a sceptical | | | | the high demands of the buyers eager to |
| outlook for the Dominican Republic property | | | | purchase Dominican Republic properties. With the |
| market market. But a depth study will show a | | | | introduction of financing for US property investors |
| bright future for Dominican Republic Real Estate in | | | | in the Dominican Republic, the increase of buyers |
| the next years. | | | | has strengthened the growth of the property |
| The home market in the DR has witnessed | | | | market in the DR. Since, the whole lending and |
| constant appreciation in values in the last 7 years. | | | | application. |
| Both, villas and apartments in the Dominican | | | | The DR property market is much more stable |
| Republic, new ones and resale units have shown | | | | than the property market in the US. Residential |
| this growth. The property market in the DR is | | | | mortgage backed securities, popular in the United |
| very popular with American and Canadian citizens | | | | States real estate market, are not used often in |
| who like to own a second home or vacation | | | | the Dominican Republic, so they have very little |
| property near the ocean. Some reasons for this | | | | effect of the sub-prime crunch afflicting the real |
| popularity have been its proximity to the US and | | | | estate market in North America. |
| Canada, low living cost, more value for money, no | | | | Another fact is that the people who are looking |
| or very little property tax and the warm | | | | to buy vacation homes in the Caribbean are not |
| Caribbean climate. The last years have seen | | | | really experiencing too much of the current |
| thousands of Americans and Canadians purchasing | | | | recessionary effects in North America. |
| villas and condos for their retirement in the DR. | | | | A very interesting point seen in the Dominican |
| Moreover, infrastructure in the DR is going to | | | | Republic property market is the increase in real |
| improve to international standards. This has made | | | | estate buyers from Canada. Canada had a very |
| the Dominican Republic a highly desired destination | | | | strong currency recently. Good economy and |
| for vacation and retirement in the sun. | | | | increased home values, especially in the three big |
| Now you may ask what's the reason the | | | | cities of Toronto, Vancouver and Edmonton , |
| Dominican Republic real estate market doesn't | | | | have led to a huge amount of Canadian home |
| suffer much as a consequence of the fall of US | | | | owners able to purchase a second or vacation |
| economy in the last 2 years. | | | | home in the Dominican Republic. |