The Best Place in Dominican Republic to Buy Real Estate

p>I asked Bruce Pierson of Dominican Paradisehighway, the prices of real estate will have
why he felt that Las Terrenas was beginning todrastically increased, catching up to and equaling
hear the whispers of interest from investorsthe other Caribbean Islands.
throughout the world and how long he felt beforeIn addition to the developments and chains
the world awakened to opportunities that arementioned above, more than 20 more projects
present there.are currently underway in Samana. Presently,
Bruce writes, Unlike many of the coastal towns ininvesting in Las Terrenas is not only about
the Dominican Republic, Las Terrenas has beeninvesting in one of the most beautiful areas in the
mostly undiscovered by major economic tourismCaribbean, but also about the possibility of getting
and development. The Peninsula of Samana wasan excellent ROI. We foresee land prices will
mainly an eco-tourism destination and the perfectcontinue rising, minimum, at a yearly rate of about
hideaway for many Europeans expats.35%. Compared to the low rates of ROI in
Most of the desired real estate is not owned yetEurope and the US, this signifies great potential
by foreign investors or all-inclusive hotel chains;for earnings with minimal risk.
instead much of it is still owned by DominicanI spoke a great deal with Bruce, who moved Las
families and is still affordable.Terrenas twenty years ago. His interest and love
This is about to change. The new internationalfor the area goes far beyond financial and
airport, El Catey (25 minutes drive from Laseconomical interest. The DR is arguably the most
Terrenas), is now operational. Long distancebeautiful spot in the Caribbean, referred to by
carriers from Europe and The Americas are nowmany as The Land of Dreams. Las Terrenas
bringing tourists directly in the Samana Peninsula.boasts a magical strip of 15 kilometers of virgin
In May 2005 construction began on the newbeach, and a town with more than 40 international
Santo Domingo - Samana Highway that willrestaurants including everything from Italian,
reduce the drive time from 5 hours to less thanFrench, and Swiss cuisine to Japanese sushi bars.
90 minutes.It offers as well a broad selection of available
In the past year alone, 4 all-inclusive, 5 star Bahiaactivities including horseback riding, golf, scuba
Principe resorts have opened in the peninsula, withdiving, windsurfing, tennis and many more within
a total of 1,600 rooms. The major project Lasjust minutes of town.
Terrenas Country Club is already underBruce, who has made the Las Terrenas his own,
construction and selling its villas and condos on thesees the area as an unspoiled paradise where the
golf course, designed by the world renowned Dyeinhabitants ride motorcycles instead of cars, and
family.all share a sense of community that makes it a
A marina project, called Puerto Bonito, with 150magical place to raise a family. Bruce, who spent
slips, is also under construction near Las Terrenastime with the Peace Corps and has traveled a
Chains such as Wyndham and Melia have acquiredmajority of the world is not hesitant to pronounce
properties and options on several of the availableLas Terrenas one of the most magical places I've
land plots, narrowing the window of available realbeen to.
estate in the area.And as others come to see the same unique
We believe that there is a 3 to 6 year window ofqualities that Bruce has, you cant help but to
opportunity to purchase land for development inrealize that there is a premium to be paid for
the area of Las Terrenas, and, the sooner theparadises like this. You should keep up to date on
better. It is likely that 2 to 3 years afterthe trends of Dominican real estate and be ready
completion of the new international airport andto buy.