With pearly white sand beaches, a subtropical climate, and plenty of beachfront property, real estate is booming in Punta Cana, as thousands of Americans and Europeans are also discovering that the east coast of the Dominican Republic is the best place to be. purchase. your second or third home. The options are endless: condominiums, luxury homes, apartments to rent or buy, waterfront properties, vacant lots and more.
Punta Cana offers 30,000 hotel rooms and more than 30 five-star hotels with 20,000 rooms under construction. World-class golf courses, shopping centers, new highways and an international airport.
Many new investors from around the world have already discovered the advantages and opportunities found here in Punta Cana and are ensuring constant growth over the next 7 years to make Punta Cana – Bávaro the best destination in the entire Caribbean and Latin America.
Virtually “unknown” until the late 1980s, Punta Cana has quickly become one of the most desirable places to live and vacation in the Caribbean.
Because Punta Cana has become so popular, it has also become a resting place for the rich and famous. The east coast of the Dominican Republic is known for its beauty and spiritual inspiration and Punta Cana is a place where almost all visitors have at least the idea that “this would be a great place to live”.
Due to Punta Cana’s tourism-based economy and infrastructure; is ideal for retirees and entrepreneurs with healthy savings. Rest and relaxation is the main attraction of this tropical place.
Due to the popularity of Punta Cana and the limited availability of beachfront land, real estate prices for beachfront properties increase by 20-30% each year. The median price for a two-bedroom beachfront condo is now $180,000 US. Housing can be found at lower prices, if you agree to walk a bit to the beach.
The US market is now beginning to identify the values and opportunities found here in the Dominican Republic, particularly in a project like Cap Cana, which targets the higher end of the world market,” said Ellis Pérez, president of Cap cana.
Other popular golf and resort projects attracting real estate buyers from around the world include Roki Ki and Punta Perla.
Real estate in the Dominican Republic is so hot that even before construction began on the Roko Ki project, they had sold $100 million worth of properties, 90 percent to Americans, that too, all in one day.
For more information about real estate in Punta Cana – Bávaro, go to http://www.punta-cana.us