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Based in Stourbridge
Vine Lane, Clent
Stourbridge DY9 9PH

Tel: 0800 0740 515
 

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  Cooper Financial Services
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Independent Financial Advisor

Property News - Dominican Republic

Two Rivers Beach Resort ~ Puerto Plata

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.

  • 100% Finance Available!

  • Mortgages available up to 70% LTV

  • *subject to status*

  • * Managed by 5* Hotel company

  • * Two years 10% rental GUARANTEED

  • followed by 50/50 room rate share

  • * 30 days free use per year

  • * Fully furnished

An Introduction

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

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

Location

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.

Activities

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

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

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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