Punta Perla Investment Facts
This new Punta Perla development has been designed not
only for luxury living, but with the property investor in mind. There are
some key factors that ensure that this development should be in your portfolio.
- Punta Perla owners will benefit from ten years of tax free status - no
taxes payable on capital gain or rental revenue.
- Property in the Dominican Republic is still very competitively priced
compared to many Caribbean islands.
- The Dominican Government officially welcomes foreign investment. Law
158 on foreign investment enacted in December 1995 allows unlimited foreign
investment in nearly all sectors of the economy. In October 2001 this was
extended to make investment in business and upscale tourism exempt from
income tax for ten years. As a new development, all investors at Punta
Perla will benefit from ten years of tax free status - no taxes payable
on capital gain or rental revenue.
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- Rental income will be guaranteed. This return is possible since
tourism in the area is growing dramatically. The World Tourism
Organisation’s ‘World Tourism Barometer’ measured
an increase in tourism for the country of around 7-10% in the first
half of 2004, with some statistics quoting 13% over the year as
a whole. Against a backdrop of lower worldwide tourism arrivals
during 2003, the Dominican Republic was a star performer. According
to the Central Bank of the Dominican Republic and the National
Hotel & Restaurant Association (Asonahores), during this period
the Dominican Republic attracted approximately 2.76 million foreigners,
a 19.48% increase over 2002 and a 12.16% increase over 2000.
- Additionally, the Punta Cana/Bavaro area has rapidly become the
fastest growing destination in the region. The Punta Cana International
Airport received just under 50% of all foreign tourists. This airport
receives not only hundreds of charter flights per week from all
over the world, but also an increasing number of scheduled flights
from world cities such as New York, Paris, Madrid, Frankfurt, Miami,
Chicago, Philadelphia, Toronto, Montreal, San Juan, Charlottesville,
among others.
- During the high season there are approximately 300 weekly flights
to Punta Cana. Hotel occupancy was up by 10% from 2002, reaching
84.2% in the Punta Cana/Bavaro area, furthermore, figures for the
January-August 2004 period show 86.6% average occupancy in this
region.
- For more investment facts on these properties, contact
us now.
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Overview - Punta Perla New Development
Why Invest in Punta Perla?
Punta Perla Beachfront Apartments
Punta Perla Golf Apartments
Punta Perla Golf Villas and Townhouses
Punta Perla Marina Condos
Photos of Punta Perla
Punta Perla Leisure Facilities
Punta Perla Key Property Investment Facts
Punta Perla Price List
For prices and more information on these properties, contact
us now.
