Released on: June 26, 2008, 6:39 am

Press Release Author: Caribbean Land and Property

Industry: Real Estate

Press Release Summary: Investors have a chance to enter a booming market at key
stage of development

Press Release Body: Tourism in the Dominican Republic is growing fast and the latest
figures show that the industry has already grown a record 8% in 2008. A combination
of government and private sector investment has resulted in the steady rise of
visitors. With numbers predicted to escalate to 5 million by 2012 the country is
ripe for property investment although new investors may be perplexed at where to
place their capital. Caribbean Land and Property, who have an office and resident
consultant, Alain Bonnefoy, in the Dominican Republic, offers a highly professional
and personal service to clients in order to assist them locate and purchase suitable
properties throughout the country.

Caribbean Land and Property currently has over 100 properties in the Dominican
Republic, including hotels, resorts and residential properties that are ideal for
personal use or as a vacation rental. International Property Advisor for the
company, Wini Dean, says "One really hot investment right now is a new luxury
condo-hotel development with direct beach access, tropical gardens and full hotel
services available to every owner/guest. Each unit is being offered at
pre-construction prices and buyers, who can stay as they wish and rent it out when
they are not there, will gain a profitable income stream with many tax savings."
Dean adds that "This is an ideal time to invest in such a development as the
property prices in the area look set to soar in the next 3-5 years"

Steve Worboys, MD of Experience International, offers similar advice as he states
that "It is already the Caribbean\'s Number One Destination according to the World
Tourism Organization [and] the Dominican Republic could soon be the number one
destination for luxurious yet affordable resort style real estate offering
exceptional rental yields in the region too,\'

He added that \'This could be a good time to invest into the undeniable potential
that the Dominican Republic represents. Not only is the nation affordable and
committed to maintaining its accessible status as one of the most reasonably priced
Caribbean destinations, but millions of dollars of investment are going into
everything from golf courses to marinas, from boutique style shopping malls to spas
and sports facilities,\'

The Dominican Republic is well known for its white sand beaches and calm azure seas
that are typically associated with a Caribbean vacation. In addition, the capital of
Santo Domingo boasts of both historical attractions and a great modern day variety
of restaurants and night life. Improvements in the country's infrastructure continue
on a daily basis as government investment is being poured into new roads, amenities
and facilities to support the growing tourism industry.

Travel to the Dominican Republic is made highly accessible through 10 International
airports in the country. There are many direct and regular flights to and from
destinations in Europe and North, Central and South America and Santo Domingo is
accessible by air from New York (3 hours), Miami (less than 2 hours) and San Juan
(45 minutes).

As one of the most stable countries in the Caribbean and Latin America, the
Dominican Republic has been able to attract overseas business with a favourable
Foreign Investment policy. The country also has very low labour and living costs
that make it very attractive for those who are looking for high profitability and
security.

Caribbean Land and Property, who have one of the largest and most popular websites
for property in the region are also offering increased accessibility into the
booming market with a mortgage facility for non-local investors in the Dominican
Republic.

About Caribbean Land and Property

Caribbean Land and Property are a leading online real estate resource with
properties in 26 Caribbean countries. See www.caribbeanlandandproperty.com for
further details.


Web Site: http://www.caribbeanlandandproperty.com

Contact Details: terri@caribbeanlandandproperty.com
www.caribbeanlandandproperty.com
+1 767 449 0599
c/o Design Management Limited, PO 1789, Roseau, Commonwealth of Dominica