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Key selling points
- Excellent on site facilities
- Excellent Rental Potential
- Holiday Usuage
- Good Capital Growth Potential
Living area: 57 - 83 sq. m. or 613 - 893 sq. ft. Land area: N/A
Details: A range of fully refurbished and furnished one bedroom apartments in stunning complex surrounding spectacular pool, away from it all, but just a 5 minute drive to all amenities. This beautiful project is located in a breezy, hillside position and offers ocean views from the higher floors. The apartments all have living room, fully installed kitchen, bedroom, bathroom and a nice terrace.
he options are as follows: Type A - 1st/2nd/3rd Floor - 57 m2 - US$49,900 Type B - 4th Floor - 58 m2 - US$49,900 Type C - 1st/2nd/3rd Floor - 59 m2 - US$49,900 Type D - 1st Floor - 60 m2 - US$49,900 Type E - 1st Floor - 69 m2 - US$59,900 Type F - 2nd Floor - 79 m2 - US$66,900 Type G - 3rd Floor - 83 m2 - US$69,900 This type has a larger than average kitchen and terrace. All these apartments have their particular charm: full size plans of the various layouts may be obtained on request This is sure to become a popular, international community with apartments offering excellent rental income.
The project offers shopping plaza, pizzeria, A La Carte Restaurant, gym and health spa, not to mention the incredible pool set in lush, tropical gardens. This really is an ideal place to relax and enjoy a more laid-back lifestyle. Financing available.
Services: Mains and standby water and electricity, generator to project, air-conditioning, telephone, internet and cable TV.
About the Dominican Republic Total Area: 48,730 sq km Terrain: Rugged highlands and mountains with fertile valleys Highest point: Pico Duarte at 3,175m or 9,850ft. Population: 8,950,034 (July 2005 estimated) Ethnic groups: white 16%; black 11%; mixed 73% Religion: 95% Roman Catholic
History Explored and claimed by Columbus on his first voyage in 1492, the island of Hispaniola became a springboard for Spanish conquest of the Caribbean and the American mainland. In 1697, Spain recognized French dominion over the Western third of the island, which in 1804 became Haiti. The remainder of the island, by then known as Santo Domingo, sought to gain its own independence in 1821, but was conquered and ruled by the Haitians for 22 years; it finally attained independence as the Dominican Republic in 1844. A legacy of unsettled, mostly non-representative, rule for much of its subsequent history was brought to an end in 1966 when Joaquin Balaguer became President. He maintained a tight grip on power for most of the next 30 years when international reaction to flawed elections forced him to curtail his term in 1996. Since then, regular competitive elections have been held in which opposition candidates have won the presidency.
Today After an increasingly difficult four years economically, Leonel Fernandez was re-elected as President in 2004. One of the major reasons for his victory was that while he was President previously, the country prospered. President Fernandez promises to tidy up government finances. The economy looks like it will recover - although it is still struggling with political and economic issues. Protests still take place at times - most often in Santo Domingo, the capital, but in tourist areas, including the tranquil Caribbean-kissed shores of La Romana and Punta Cana, and along the northern shore from Puerto Plata to Sosúa and Cabarete, all is peaceful. No one wants to jeopardize tourism, the country’s top source of revenue.
Language The main language of the Dominican Republic is Spanish. Most hotels, restaurants, bars, shops etc will have some employees that speak English. However if you intend to live on the island permanently it is a good idea to learn some key words and phrases. There are a number of Spanish speakers who are able to help. Refer to our relocation section.
Communications There is both a very good land telephone system as well as a number of mobile operators. All mobiles that would normally work in America will work here. Any modern UK mobile, or older ones with tri-band, will also work. The Internet is freely available in the Dominican Republic as either a dial-up system of ‘flash’, which is similar to broadband. Electricity The electrical supply in the Dominican Republic is based on the US system, 110Volts at 60Hz. Most houses are also supplied with 220V at 60Hz. This will allow the use of most other appliances with an adapter. Computers with a charger rated at 100 – 240V 50/60Hz, which is normal, will almost certainly work on either voltage.
Expatriates The island has attracted a very broad spectrum of expatriates using the Dominican Republic as a second home or a permanent residence. Nationalities such as Canadians, Americans, British and Germans have settled in large numbers and the island has developed an international feel. Working over in the Dominican Republic is quite easy and the attitude towards foreigners working over here is quite positive. It may however be easier to set up your own business than to try to adapt to the Dominican way of business. Especially if you don’t speak Spanish.
Lifestyle All you would expect from a Caribbean island. The pace of life is slow and it can take a while to settle into the relaxed atmosphere. Dominicans do very few things with haste, and you will benefit if you can learn to adapt a little to their pace, thereby avoiding some possible The cost of living is less than most other Caribbean islands, and property is certainly more affordable. There are few favorite commodities from home which cannot be found in the larger cities of Santiago or Santo Domingo, and there are perfectly adequate supermarkets, hardware stores etc. in the towns of Puerto Plata, Sosúa and Cabarete. Most people live a reasonably simple, al fresco type of lifestyle, many spending their spare time relaxing around the pool and eating out of doors. Barbeques, fresh fish, and locally grown tropical fruits and vegetables provide a healthy and enjoyable diet for the climate. There are numerous excellent, reasonably priced restaurants to choose from, especially along the beach in Cabarete, where many people take a stroll in the evening and catch up with friends. Alcohol, cigarettes and cigars are considerably less expensive than in developed countries, as taxes are low on these items. For the most part, life around the north coast and its towns is pretty safe. However, with any developing country it is always wise to ensure you give some thought to security of your family and possessions. Gated developments are always popular, not least because of good security. For those who wish to live in the countryside, it is not unusual to take on a security guard, who can be engaged via a Security Company, or whom you can employ privately.
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