The Dominican Republic became known as one of the fastest growing travel destinations in the world last year, which has obviously made Dominican Republic property very popular with overseas property investors and lifestyle buyers. Like most overseas property markets that were popular until last year, there has been little idiot since the worst of the recession began, people have been scared of spending money in overseas property since talk began of it being the worst financial crisis since World War II which apparently had an impact on media coverage of emerging economies like the Dominican Republic https://www.puntacanaestates.com/.
Meanwhile, tourism in the Dominican Republic, with or without media coverage, has not been as affected as people expected or in many other places around the world. This, in turn, is due to the fantastic value for money that the low cost of living in the countryside offers. The hotel just testified that tourism in the Dominican Republic remains a massive growth market when it announced the construction of a new, multi-million dollar resort in the hotspot Punta Cana. Prices in the Dominican Republic have remained stable.
This is also due to the fact that the properties in https://www.puntacanaestates.com/ were primarily valued so cheaply; There was no massive speculation, so no serious correction. Now that a recovery is being talked about for the first time and it is clear that the crisis will not get as bad as the doomsday singers said, there are reports of increased activity by foreign buyers in the Dominican Republic real estate market.The demand for real estate abroad has grown faster than anyone could have imagined since the first signs in April that we had bottomed out in the crisis, certainly at least in part due to the low interest rates in all countries. G8 and most of the G20 countries.
