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Property News - Dominican Republic
Two Rivers Beach Resort ~ Puerto Plata

We are proud to announce the
new and exciting five star resort development on the
Dominican Republic. This exclusive development is in
the very early stages, so pre - register by placing a £1000
reservation fee to enjoy the pick of the best units at
substantially reduced prices.
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100% Finance
Available!
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Mortgages available
up to 70% LTV
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*subject to status*
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* Managed by 5* Hotel
company
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* Two years 10%
rental GUARANTEED
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followed by 50/50
room rate share
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* 30 days free use
per year
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* Fully furnished

An Introduction
The Dominican Republic
occupies the Eastern two-thirds of the island Hispaniola and
is situated between the Caribbean Sea and the North Atlantic
Ocean, bordering east Haiti.
The capital Santo Domingo is
the New World's oldest capital and contains many colonial
buildings which have been carefully restored to retain their
original charm. There are many fine examples of 16th century
Spanish architecture and many fascinating structures that
have survived for over 500 years.
The Dominican Republic has
undergone a huge reform process and the island is currently
undergoing government investment in infrastructure which has
provided an excellent climate for investment. In recent
years the number of tourists has risen to such an extent
that the country is now seen as a major tourist attraction
in the Caribbean. Tourism accounts for more than 1 billion
US $ in annual earnings. Free Trade Zone earnings and
tourism are the fastest growing export sectors. The
establishment of free zones has succeeded in attracting much
foreign investment, creating employment and spurring growth.
President Leonel Fernandez
presented a decree (2543-45) in 1998 eliminating
restrictions to real estate ownership by foreigners, thus
recognizing that the former law was a barrier for foreign
investment. Prior to this new decree, a real estate purchase
by a foreigner was a lengthy procedure, had to be processed
by local attorneys and required the special authorization.
Under Decree 2543-45, real estate investors will enjoy the
same rights as Dominicans.
Property in the Dominican
Republic is very reasonably priced and proving popular with
buyers for various reasons. Some look to purchase a
piece of paradise for their retirement years and with
Dominican Republic property prices more favourable than
almost all other similar destinations it is an obvious first
choice. With prices so competitive and the perpetual
increase in the areas popularity with tourists, investors
see property in the Dominican Republic as a safe investment
with prices only set to rise and rental potential
drastically increasing inline with its popularity.
The Amber Coast, along the
northern coast of the island, is named for the rich deposits
of amber, found in the hills near the 75 mile stretch of
beautiful beaches east of Puerto Plata. The white-sandy
beaches, impressive mountain ranges, spectacular rivers,
waterfalls
and exotic wildlife are just the beginning of the Dominican
Republic's exotic beauty.
Puerto Plata is the largest
city of the Northern region and a tourism Mecca of the
Dominican Republic; 80% European and 20% North American.
It's a popular destination for tourists who are seeking a
relaxing, affordable holiday with the option of a lot of
places to visit in the vicinity.
3 miles west of Puerto Plata
in Cofresi, a new full service marina has recently opened
with berthing up to 250 ft (LOA), WI-FI, 24 hour security,
customs & immigration on-site and a fuel dock. Ocean World
Marina is adjacent to the famous Ocean World Adventure Park,
the newest and largest marine park attraction in the
Caribbean. Puerto Plata is known for its glimmering
beaches and entertaining resorts. However, straying away
from the water for a day can yield a breathtaking
experience. Blanketed in tropical flora, the 2,600 foot high
Mount Isabel de Torres
offers a splendorous adventure. To reach the peak you can
drive, hike or take the scenic Teleferico (cable car). At
the top of the mountain are lush botanical gardens, a
souvenir shop, café and a 52 foot statue of an open armed
Cristo Redentor overlooking Puerto Plata and surrounding
area. Along with some of the most splendid views of the
Puerto Plata bay. The mountain is one of four protected
scientific reserves in the country and home to the highest
altitude botanical gardens in the Caribbean.

Key Facts
Capital: Santo Domingo
Area: 48,730 sq km or 18, 815 sq miles
Population: 8,850,000
Time Zone: - 4 hours GMT
Language: Officially Spanish, although
English is widely spoken.
Religion: 95% Roman Catholic
Currency: Peso (RD$)
Country dialling code: 00 1 809
Coast line: 1,288 km or 386.102 sq miles

The Dominican Republic offers
a wide selection of artwork, with Spain, Africa and Haiti
having the strongest influences. Most of the artwork found
in tourism areas consists of simplistic, colourful paintings
and wood or ceramic sculptures. Most oil paintings are
the reproduction of Haitian originals and are likely to be
one of thousands of the same piece. Even still, the
colourful simplicity of the work reflecting everyday life,
along with an inexpensive price tag, makes them a very nice
souvenir.
The Dominican Republic is the
biggest cigar-producing country in the world and most of
that is done in the Cibao Valley region of the country.
Cigar aficionados believe many of the locally made cigars
are superior in quality to the much more famous Cuban
cigars. You will find a variety of cigar types, in different
brands and price ranges, in almost all of the supermarkets
and tourist gift/souvenir shops in most tourism
destinations. Cigar specialty shops tend to offer
higher-end, brand name cigars.
Jewellery is found in
abundance, with the most prevalent Jewellery items being
inexpensive and casual, beaded necklaces, bracelets,
earrings and anklets. These are usually sold on the beach or
in Jewellery/gift shops in larger hotels/resort gift shops,
or in stores in the shopping areas of most tourism
destinations. The higher-end Jewellery/gift shops also carry
gemstone/semiprecious Jewellery made with either sterling
silver or gold.
Some of the best shopping in
Puerto Plata can be found just by wandering around the city.
The streets are teeming with activity and dotted with a
variety of gift shops such as the Grand Factory, a large
jewellery shop with original amber work made by the owners
of the store.
Situated just East of the
Gregorio Luperón International Airport, Puerto Plata, the
Two Rivers Resort nestles beside a stunning beach on the
Islands` Amber Coast. The North coast is a beautifully
scenic area with picturesque beaches with a breathtaking
mountain backdrop.
This 5 star resort will
consist of studios, studio suites, apartments, villas, villa
suites and luxury villas.

ALL AVAILABLE NOW AT PRE - LAUNCH PRICES.
** 100% FINANCE AVAILABLE
** 70% LTV MORTGAGE *SUBJECT TO STATUS*
** 2 YEAR 10% RENTAL GUARANTEE
FOLLOWED BY 50/50 ROOM RATE SHARE
** 30 DAYS FREE USE PER YEAR
** FULLY FURNISHED
Pricing

HOTEL STUDIOS 400 SQ F FROM £75,000
Two Bed Wraps 1,336 sq ft Prices from
£180,000
Two Bed Apartments 1,139 sq ft Prices from £150,000
Studios suites 688 sq ft Prices from £100,000
One Bed Apartments 827 sq ft Prices from £125,000
The Bali Villa available in:
2 bed 2 bath, 3 bed 3 bath, 4 bed 4 bath
PRICES FROM £295,000 INCLUDING JACUZZI
RIVER SIDE FROM £325,000 INCLUDING JACUZZI
BEACH SIDE £350,000 INCLUDING JACUZZI & POOL
Phone
0800 0740 515
for more
details
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The next step
Contact us and learn how to invest in property and how buying
one or more Properties can maximise your Investment Returns. We
will show you how to create your own Investment Portfolio and how
you can benefit from new Pension Rules that come into effect in
April 2006.
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