Hartlepool, United Kingdom (PressExposure) April 08, 2009 -- The Dominican Republic continues to be among the most favourable countries in the world to make an overseas property investment, says Les Calvert, director of overseas property portal Property Abroad.
"Prices are astonishingly low, even for near completed developments. 2 bedroom apartments in Sosua, nearly completed and in a fully equipped resort style development for Â£50k. Now that is a good buy in itself, but when you consider the massively rising tourism to the Dominican Republic in the last few years, and its continuing despite the credit crunch because of the low cost Caribbean holiday it offers, it becomes an incredible buyâ.
"Tourism to the Dominican Republic grew by over 1million in 2008, and it is forecast to grow again, if by less in 2009."
Property Abroad Ltd is currently advertising dozens of properties for sale in the Dominican Republic. The one less mentioned is their lowest priced, next is the newly launched two rivers development, offering beachfront 1 bedroom apartments for Â£75k.
Those after a resale property in the Dominican Republic will also find what they are looking for on Property Abroad, in the form of a 3 bedroom holiday villa in Cabarete, complete with pool and in a secure gated community for Â£175,000.
Les finished: "Most people are keeping their hatches battened down at the moment, but there is increasing evidence that more and more people who have substantial savings in the bank, are looking to overseas property in favour of the abysmal returns they are getting on their savings. For them, the Dominican Republic is well worth a look."