|
30th April 2007
For many years the Dominican Republic has been the popular home to a host of celebrities including fashion designer Oscar de la Renta, British singer Sting and the crooner Julio Iglesias. Now, with a wide-array of developments sprouting up, and previous restrictions on purchasing lifted, property magnets and private investors are joining the ranks of foreigners owning properties in the Dominican Republic like iconic actor Robert De niro who met with the president recently to discuss investing in local tourism.
President Leonel Fernandez supports the real estate growth, which is serving as a complement to the Dominican Republics already thriving tourism economy. The Tourism Ministrys strategy promotes investments in vacation zones, for groups or personalities from around the world that could establish tourism-based businesses.
The overall cost of living in the Dominican Republic is relatively low, and with virtually no significant restrictions on foreign nationals owning real estate, it is becoming an increasingly popular target for luxury real estate purchases.
- For more details, or to arrange an inspection visit, please contact us.
|
|
|
