Foreign press highlights low prices of Dominican properties

Santo Domingo.– The Dominican Republic offers some of the best bargains currently available on the world property market, according to experts.

A representative at the foreign investment portal, Property Abroad, believes the country offers the perfect tonic to global markets, which have been battered by the credit crunch.

According to Les Calvert, director of the website, a two-bedroom property in the resort of Sousa, for example, would cost a foreign investor less than in any other Caribbean hotspot.

“Prices are astonishingly low, even for near completed developments. “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 incredibly buy,” he pointed out.