"I assure your highnesses that these lands are the most fertile, temperate, level and beautiful countries in the world"- reported Christopher Columbus to the Queen of Spain after discovering this beautiful island.

Named by its Spanish settlers "Hispaniola", the island became the hub for the expansion of the Spanish empire into the new world. The city of Santo Domingo (originally named "La Isabella") was founded in 1496, and soon became the seat of the first cathedral, hospital and university in all the America’s.

After gaining independence from Spain in 1821, the eastern part of the island, what is now the Dominican Republic, was occupied by Haiti. This occupation ended on February 27, 1844 with the proclamation of the National Independence. Since 1966, the republic has held ten democratic elections, alternating the power between the three main political parties.

All this has created good and stable conditions for foreign investment. The market continues to grow at unprecedented rates resulting in steadily increasing real estate prices and solid rental returns. Guaranteed rental has become a buzzword within the property industry but few schemes could compare with the structure or yields offered by developers here in the Dominican Republic. Furthermore the government offers 10 years of tax incentives, no tax on rental income, no capital gains tax and no property purchase tax (Normally 4.6%).

The most active investments in the Dominican Republic real estate market come from travel and tourism related sectors. The government knows where their future lies and have established very investor friendly laws, designed to encourage foreign direct investment. With this in mind, you can see why the foreigners have been so active in this segment for years.

Because the values of the properties on the Dominican Republic real estate market are constantly rising, it is strongly recommended that people to invest in this market very soon. Foreign nationals and other real estate purchasers in the Dominican Republic will surely make money on their real estate investments by buying properties in this beautiful country and selling it later to the newcomers for very handsome profits. You just have to visit this market and you will see for yourself. Its in the air, everywhere.

This is not a trend of the current times, but also one of the futures. Many real estate experts believe that the road properties for sale in the Dominican Republic have taken will continue for a very long time. This is the oldest, newly discovered land in the New World.

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