Caribbean island 'good for property investment'

People interested in moving money abroad in order to invest in property could be tempted by the Dominican Republic.

An international property website has suggested that the island could offer good investment opportunities in the low-to-mid range budget.

Website Property Abroad said that while 2009 offered up purchases to the "better off among society", 2010 could come up with some sites for a wider market as the nation and buyers emerge from the global recession.

The site noted: "Dominican Republic property is still the bargain of the Caribbean, and still has one of the fastest growing tourism sectors."

It added: "In 2010 the recovery in international markets is expected to continue, if potentially at a slowing pace as central banks remove their stimulatory measures. The longer the recovery continues the more confidence will continue to build down and down the pay scales."

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Posted by Sarah Pitton