There has been a lot of talks about the impact of recession in the US on Dominican Republic Real Estate and its future outlook. When speaking about the Dominican Republic Property market, most people think that it is closely related to the US economy. Some people may have a sceptical outlook for the Dominican Republic property market market. But a depth study will show a bright future for Dominican Republic Real Estate in the next years.

The home market in the DR has witnessed constant appreciation in values in the last 7 years. Both, villas and apartments in the Dominican Republic, new ones and resale units have shown this growth. The property market in the DR is very popular with American and Canadian citizens who like to own a second home or vacation property near the ocean. Some reasons for this popularity have been its proximity to the US and Canada, low living cost, more value for money, no or very little property tax and the warm Caribbean climate. The last years have seen thousands of Americans and Canadians purchasing villas and condos for their retirement in the DR. Moreover, infrastructure in the DR is going to improve to international standards. This has made the Dominican Republic a highly desired destination for vacation and retirement in the sun.

Now you may ask what's the reason the Dominican Republic real estate market doesn't suffer much as a consequence of the fall of US economy in the last 2 years.

Destinations like Punta Cana, Bavaro, Uvero Alto and Bayahibe are very popular with real estate investors in the Dominican Republic. These destinations are seeing new, large real estate developments planned and completed to meet the high demands of the buyers eager to purchase Dominican Republic properties. With the introduction of financing for US property investors in the Dominican Republic, the increase of buyers has strengthened the growth of the property market in the DR. Since, the whole lending and application.

The DR property market is much more stable than the property market in the US. Residential mortgage backed securities, popular in the United States real estate market, are not used often in the Dominican Republic, so they have very little effect of the sub-prime crunch afflicting the real estate market in North America.

Another fact is that the people who are looking to buy vacation homes in the Caribbean are not really experiencing too much of the current recessionary effects in North America.

A very interesting point seen in the Dominican Republic property market is the increase in real estate buyers from Canada. Canada had a very strong currency recently. Good economy and increased home values, especially in the three big cities of Toronto, Vancouver and Edmonton , have led to a huge amount of Canadian home owners able to purchase a second or vacation home in the Dominican Republic.

The Dominican Republic, especially Punta Cana-Bavaro, is a encouraging and steady destination for property buyers throughout the coming years. Recessionary influences of the US economy have not shown any negative impact on Dominican Republic property values. Foreign investors from Canada, Western Europe and Russia are now looking to buy in DR, compensating for any decline of investment money from the US. So don't hesitate to buy your piece of paradise in the Dominican Republic and secure your investment on this beautiful island.