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The Development Details
The Dominican Republic
Prices Start From £ 180,000
The Dominican Republic is a major tourist destination for sunseekers and thrill-seekers alike. There is a huge demand for hotel accommodation as it is increasing in popularity as a tourist destination. The Dominican Republic has tax-free status – no buying taxes, capital gains tax and inheritance tax. Key Facts Population 9.2 million. Capital Santo Domingo (second largest city is Santiago de los Caballeros) Area 48,730 sqkm/30,279 sqmiles; 380km/235 miles long, 265km/165 miles wide at the extremes. Geography The Dominican Republic is the second largest country in the Caribbean. It is divided into 6 regions – North Coast, South Central, Central, East Coast, North East Coast & South West Coast, with 31 provinces and one National District. Its terrain is mostly rugged highlands with towering peaks plunging down into lush valleys; the highest point is Pico Duarte – 3,175metres. The country has 1,288 km of coastline of which 300 km is golden sandy beaches. Time difference GMT -4. Language Official language is Spanish; 1 million people are also fluent in Haitian Creole. Monetary unit Dominican Peso. Airport There are 10 international airports in the Dominican Republic. Just 20 minutes from the Two Rivers Beach Resort is the Gregorio Luperon International Airport at Puerto Plata. Flight times 9.25 hours from London via Miami; 2 hours from Miami; 3.5 hours from New York. BA operates from London via Miami (American Airlines). Climate Tropical climate with little seasonal temperature variation averaging 28°c; average daily sunshine is 9 hours; seasonal rainfall between May and November. Location The Dominican Republic occupies the eastern two-thirds of the Caribbean island Hispaniola; the remaining third of the island to the west is the Republic of Haiti. Hispaniola is the second largest of the Greater Antilles islands and lies between the Atlantic Ocean and the Caribbean Sea. Government The Dominican Repubic is a Presidential Republic. Leonel Fernandez is both the Chief of State and Head of Government. Economy Economic reforms launched in late 1994 contributed to exchange rate stabilisation and reduced inflation. The president instituted austerity measures to rescue the country from economic crisis, and in the first half of 2006 the economy grew 11.7%. Tourism In 2004, the Dominican Republic welcomed 3.5 million tourists (29% of the Caribbean total) who spent in excess of US $3.4billion (5% more than in 2003). Tourism accounted for 24% of GDP. High season – December to April. Please Click here for further information.
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