New Dominican Republic Property Bargain of the Year

Recent David Stanley Redfern press releases displayed how Isla Margarita has overtaken the Dominican Republic as the cheapest place to buy a Caribbean property. However the newest Dominican Republic property to come onto DSR's has proven their findings to be wrong. The operations manager for the overseas property company was smirking as he said:

"Yeah, unbelievable, I know others hates me right now, because it is him who's gone on record as saying Margarita is the cheapest place to get a Caribbean property, and then I go and source luxury Dominican Republic apartments at 7 grand cheaper. But in actual fact we were all pleasantly surprised by the new property.

When we started researching Margarita, the price of property there being lower than the previously cheaper Dominican Republic, was one of the biggest factors in us entering the Margarita market, that and massively rising tourism. Who could have predicted one of the biggest bargains in overseas property coming onto the market just a few weeks later?"

"I don't hate him for getting the new development," added the other one, "in fact I'm completely chuffed about it, whether it left me with egg on my face or not. 1 bedroom apartments in a luxury, fully equipped resort, just a 5 minute walk from one of Dominican's most popular beaches, Sosua, are good news for everyone in the company, and all our clients."

Both were referring to the Apartment-Hotel Complex in Dominican Republic Sosua, a development of fully serviced studio apartments priced from just £24,000. The complex is a long-standing and successful resort, the fact that it isn't off-plan makes the low prices even more on an astonishing bargain.

The hotel has average occupancy of 75% due to under supply of quality rented accommodation in the area. The stable rental income which comes from a popular resort such as this practically guarantees a quick and profitable sale for pure investors, and a very successful endeavour for holiday home investors.

Find out more about Dominican Republic property and buying property in Dominican Republic.

About DSR Asset Management Ltd

DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com

David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property

FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com

Dominican Republic Shakes Its Caribbean Property Investment Rep

The Dominican Republic is the best Caribbean island to make a property investment on because it is one of the least developed Caribbean countries, therefore living costs are the lowest, and people can go there on holiday with half the spending money they would need elsewhere in the Caribbean. Tourists are a shrewd bunch themselves, and this fact has turned the Dominican Republic into a tourist hotspot. Increasing tourism then helps the economy and the development of the island as a whole.

However, the currently under-developed state of the country means that property prices there are lower than the other Caribbean countries – much lower. For instance you can pick up a 1 bedroom apartment in David Stanley Redfern's Sosua development and accompanying tourist resort for only £30,000. Between five and ten minutes from the beach, upstairs apartments have sea views and the development surrounds a stunning communal pool. Nearby beaches are Sosua beach, Kite beach, and Cabarete bay.

A 1 bedroom Dominican Republic Caribbean beach house, literally right on Cabarete Bay's fantastic beach is only £67,000 in David Stanley Redfern Ltd's Oasis development.
Contrary to common belief about the Dominican Republic, these properties low price and their location in a tourist centre gives them the possibility of bringing their owner a decent rental yield of 6-8%. Common belief and a fact is that Dominican Republic rental yields are low, and while residential yields will very rarely reach over 4%, a holiday letting property is a different kettle of fish.

Capital Gains and rental income are taxed at a flat rate of 29% for foreigners, capital gain is calculated by deducting the acquisition price, after it is adjusted for inflation, from the selling price, property tax is a nominal 1% of the property value, and inheritance tax is a reasonable 3%. Round trip transaction costs are a moderate 10.3%.

Overall Dominican Republic investment property is currently a golden opportunity because your getting a Caribbean property for lower than you can anywhere else with a Caribbean coastline. The gap will close soon though as the tourism develops the economy and prices start to rise in line with what they are worth on the global market as oppose to being affordable to the local population.

Find out more about property Dominican Republic and buying property in Dominican Republic.

About DSR Asset Management Ltd

DSR is an

overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com

David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property

FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com