News
movewithus launch 200 villa investment in the Dominican Republic
24 September 2007
- Architect built villa in the Dominican Republic at an affordable price
- Most visited destination in the Caribbean
- Projected 30% rise in property prices
- 90% mortgages available on build
movewithus, the UK’s leading property services specialists, are pleased to announce their appointment as agents for a new 200 villa development in the tropical Caribbean Island of the Dominican Republic. The villas, named Villa del Mar, set just off the beach are designed by award winning architectural artist E. Gene Chipley and are available at an astoundingly affordable price. 90 per cent mortgages are available on the build at an interest rate of between 5.5 and 7.75 per cent. Mortgages are subject to status and require a 10 percent deposit.
The present economic situation in the region makes investment in property in the Dominican Republic a particularly exciting opportunity. The country is currently the most visited destination in the Caribbean, attracting 300,000 extra tourists year on year. It is visited regularly by European and American tourists and is also becoming increasingly popular with South American holiday makers. Travel companies are buying up record amounts of property and an increasing number of budget airline flights are opening up to accommodate its popularity. This makes Villa del Mar a particularly lucrative investment opportunity. Occupancy rates are currently at 75 per cent and are expected to rise as the destination’s popularity increases. This will obviously raise property prices in the region making capital appreciation a projected 30 per cent.
E. Gene Chipley, the architectural artist for the project, said “There is great appreciation potential for land and real estate in prime areas of the Dominican Republic. Over the last five years they have appreciated from 80 per cent to 492 per cent. Investments are safe and the Dominican Republic is a participant in the Caribbean Free Trade Agreement (CAFTA). We have accumulated a great deal of information regarding local law and economic growth that is available for the potential investor.”
The villas are available in four styles within the 200 plots of land. The villas themselves come with full air conditioning and an optional swimming pool. They are designed to strict American structural standards and can withstand all possible natural disasters, however unlikely.
Chipley, added “I’ve tried to merge a traditional style with some 18th century Spanish colonial influences to give the developments a Dominican feel with a homely atmosphere. I’m very excited about this project – an opportunity to give the average investor a shot at his dream home”
The architect is an award winning entrepreneur who has lent his hand to a variety of art forms including music and horology. As an architect, he has designed business headquarters, country clubs, clock-towers and numerous resorts throughout the world.
Robin King, Founding Director of movewithus, said: “I am delighted by this project and having the expertise of E. Gene Chipley is truly an exciting opportunity especially with the competitive mortgage plan available from a local Caribbean Bank. Everything is set up and ready to go. With movewithus’ international property expertise and the projected growth of tourism in the area, the Villa del Mar is a once in a lifetime opportunity to own a beachside Caribbean Paradise and make substantial returns on the investment.”
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