Dominican Republic


The Dominican Republic is the sovereign country shearing the famous Hispaniola island with Haiti.

It is the second larger country in the Antilles by area after Cuba and the third by population with more than 10 millions habitants speaking Spanish as official language.

Santo Domingo is the well known capital.

Dominican Republic is the most visited country of all the Caribbean thanks to its climate and the natural diversity. In the recent years, ecotourism has grown significantly bringing excellent progress in energy efficiency and waste recycling.

Tourism together with agriculture contributed to develop the larger economy of the Caribbean which created a significant immigration flow from other Caribbean countries especially from the closed Haiti.

Traditionally, Dominican Republic is not a scuba diving destination, the diving spots are relatively limited not because of poor marine life but mainly because traditionally the tourism industry focused on white beaches, resorts and golf. In addition, underwater current is quite present in all the coast location with few exceptions.

The healthy tourism and large economy influence the real estate market which is located on the higher end within the Caribbean, despite the high choice and quality available.

Obtaining a local residence requires and investment of minimum 200,000$ which should be easily achieved with a real estate investment for tourist purposes.

The type of tourism, the cost of housing which and the limited diving opportunities are all factors which don't really match with our project vision.

In conclusion, Dominican Republic is a beautiful destination in the Caribbean but too distant from our dream and therefore we are not going to consider it as a possible destination.






Location: Baku, Azerbaijan

Comments

Post a Comment

Popular

Jamaica

Image
  Jamaica is one of the most famous island countries in the Caribbean thanks to its history, nature, rum and lifestyle but also to popular Jamaicans such as Bob Marley and Usain Bolt. The Island is located 145 km south of Cuba and 191 Km west of Hispaniola and after them, it is the third largest one of the Caribbean Under Spanish domain till 1655 when the island was conquered by British who renamed it Jamaica. During the English period, Jamaica was leading the sugar export with its plantations.  Independent since 1962, today Jamaica has a population of almost 3 million people, a stable democratic government with a constitutional monarchy headed by Elizabeth II as Queen of Jamaica. In the last decade, the island saw an important economic growth and a general improvement of life quality. Mining, agriculture and tourism are the main pillars of the Jamaican economy. With an average of 4,3 millions visitors a year, in 2019 tourism accounted for 20% of the Country GDP with a positive trend
Read more

Ehi wait a sec! What about a Plan C?

Image
Portoferraio - Elba Island - Mediterranean Sea Do we really need a plan C?  Actually not, one back-up plan is normally more than enough unless you are NASA trying to send people on Mars and we definitely are not. The fact is that in the last weeks....maybe more months....thoughts went wild, focusing a lot on ocean conservation, minimalism, freedom, scuba diving as inner peace and self rediscovery experience. So these new ideas coming up are now slowly distancing us from a classic touristic model and moving to explore alternatives which are looking more at our impact on the environment, on our and others lives and less at how to get an income, even if low.. Plan C in fact starts from a totally different prospective. It is not about finding the best way to ensure a minimum income to be able to live sufficiently comfortable in a warm place with limited responsibilities. No, this plan starts from thinking which would be the best way to live with the minimum possible cost in a warm place wi
Read more

Barbados

Image
Barbados is an independent island Country of 432 sq Km in the Lesser Antilles with a population of less than 300,000 people, part of the Commonwealth.  Independent since 1966, Barbados is expected to remove the Queen and to become a republic  by November 2021. The capital of this former British colony is Bridgetown. The economy is mixed and well developed. Historically, the local economy was based on sugar cane cultivation but gradually tourism and finance became the main drivers. In the recent years, Barbados attracted an average of 1,2M tourists equally divided between cruises and stayovers. Almost 90% of the tourists came from UK and North America, very few from Europe and almost exclusively from Germany. Due to hurricanes season, the tourism peaks between December and April and in July. Stayovers accommodation is mainly in hotels and resort even though the offer of houses and apartment is growing. The prices of real estate properties are middle-high but it seems possibl
Read more