Tourism boom fuels Dominican Republic's property market
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Dominican Republic´s residential property market is growing considerably, thanks to the continued robust growth of the tourism sector and the rise of luxury international and boutique hotels across the country. In 2014, stay-over tourists rose by 9.6% to around 5.14 million from a year earlier.
The surge in the number of foreign property investors and tourists in the country has been pushing property prices up. In early-2015, the average price of residential properties in the country reached US$2,078 per square meter (sq. m.).
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