Nottingham, United Kingdom (PressExposure) June 02, 2008 -- Recent David Stanley Redfern Ltd 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. Jason Killingback, operations manager for the overseas property company was smirking as he said:
"Yeah, unbelievable, I know Liam Bailey 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 Jason for getting the new development," added Bailey, "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."
Jason and Liam were referring to the Apartment-Hotel Complex in Dominican Republic Sosua, a development of fully serviced studio apartments priced from just Â£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.
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