Dominican Republic optimism still high
Tourism Minister, Francisco Javier Garcia, announced that last week the Council for the Promotion of Tourism Investments (Confotur) approved 24 new hotel and residential tourism developments nationwide. He said this was a RD$3.4 billion investment to build capacity for 14,000 new hotel rooms. He said there has been an injection of fresh funds that were previously invested in the US financial system and are now coming here to purchase properties in real estate developments. He is in favor of the government investing in major infrastructure works in the tourism development areas. "We cannot allow there to be a single hole in any road or highway used by tourists," he said, as reported in Hoy.
West Indies Real Estate is also finding many clients considering the benefits of investing in "bricks and mortar" during uncertain times, especially in view of the banking crises in north America and Europe.