Research Reveals Sustained Growth in Dominican Republic Property

The Dominican Republic is one of the few countries where prices have continued to grow despite the global financial situation, according to specialist overseas property portal Property Abroad. Liam Bailey, their chief market analyst said:

"In July this year, the Dominican Republic was found to be the most affordable place in the Caribbean to buy property. But even before that the Dominican Republic's popularity with overseas investors and property buyers was exploding. An array of new developments and properties began to spring up at bargain prices, and with astonishingly high mid-long term rental guarantees, as Dominican Republic tourism grew by 5.6% in the first four months of 2008 when compared to the year before. It continued to grow strongly, and has been relatively unaffected by the global situation."

"Because of this growing tourism, and the abundance of bargain properties all making astonishing rental yields the prices of off-plan Dominican Republic property have grown by between 25% and 100% in the past year," continued Bailey, adding: "This is according to my own research; comparing the prices I have on record for properties that were priced from 1 year ago, and the price of the same or similar properties in the same areas now."
According to the same research the immediate growth promised on off-plan properties is also being achieved;

"One example is a 2 bedroom apartment in Sosua, bought off-plan at the beginning of the year for just under £25,000 and now in the final stages of selling just after completion at £50,000, thus the 25% minimum immediate gain on completion is being achieved. The seller requires a quick-sale due to ill-health; more might be possible if they were prepared to wait."

Property Abroad have many excellent properties in the Dominican Republic throughout all the most popular regions. Find out more by visiting the site.

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Bargain Barbados Properties from Property Abroad

Overseas Property Portal Property Abroad have announced the addition of some bargain properties in Barbados. They have Barbados properties, including apartments and villas starting from under £200,000.

Liam Bailey, chief market analyst for the portal said:
"These additions just go to show that the global financial situation is even bringing the possibility of snapping up bargain luxury properties in Caribbean markets like the crème-de-la- crème Barbados. When I first started working in this industry quarter acres of land were being sold for £225,000, on the coast in St Vincent, for Property Abroad to be listing 1 bedroom apartments in a luxury off-plan development with views of the beach on Barbados for just over £180,000 is amazing."

The development Liam was referring to is the Lakes village development, offering 1 bedroom apartments in Barbados' St Peter's for just £182,066. The Lakes village is situated on the high ground above mile & a quarter.

The village will be closed and become its own community, holding its own events while taking its own part in any regional events. The village, which also offers 2 and 3 bedroom apartments as well as detached 1, 2, and 3 bedroom villas, boasts a whole range of facilities and amenities including: a village hall, clubhouses, swimming pools, tennis courts, communal barbecues with gazebos, a wellness centre and a lakes centre with restaurant.

Another bargain Barbados property brought to you by Property Abroad is the 1 bedroom apartments offered within the Merricks Hotel Spa and Residence, located in the fantastic Merricks Cove and priced from just £225,000. Merricks Hotel, which also offers studios and 2 bedroom apartments, as well as cliff-top villas and Cabanas, is a particularly good buy because it has its own beach and a fantastic cliff top location in the stunning south east area of Barbados with only a 15 minute car journey to the International Airport and fantastic sea-views. The occupants receive the full benefits of all the 5* hotel and spa facilities, including spas, tennis-courts, swimming pools and much more.

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