Released on: May 22, 2008, 10:18 am

Press Release Author: Caribbean Land and Property

Industry: Real Estate

Press Release Summary: Property investors now have an easier way in to the Dominican
Republic with a new mortgage service available for offshore buyers. Now is the time
to buy a dream Caribbean home.

Press Release Body: Property development is booming in the Dominican Republic, but
there are many non-nationals excluded from investing because they cannot raise a
mortgage. Caribbeanlandandproperty.com is now offering mortgages to qualified
offshore buyers up to a maximum of 75% of the property value.

There are no restrictions for foreigners buying property in the Dominican Republic
but typically mortgages have been very difficult for foreign buyers to obtain.
Although government incentives have proved very positive for attracting overseas
investments, the mortgages available through local lending institutions are
extremely expensive. Mortgages from Caribbean Land and Property, solve this problem
and make it easier for those wishing to buy the home of their dreams in Dominican
Republic.

The new mortgage facility which is available to resident aliens, UK, Canadian and US
Citizens, will provide borrowers with mortgages for properties over US$100,000 to
cover the purchase of land or an existing home.

The Dominican Republic is becoming increasingly popular as a place for relocation or
a second home. There are direct and regular flights to and from many destinations in
Europe and North, Central and South America. Santo Domingo is accessible by air from
New York (3 hours), Miami (less than 2 hours) and San Juan (45 minutes), with direct
flights available from several major cities in Europe. Not surprisingly Dominican
Republic has attracted a cosmopolitan community of expatriates who add to its
already diverse population.

There are excellent opportunities for investment in the Dominican Republic. It is
one of the most stable countries in the Caribbean and Latin America. The Dominican
Republic also has very low labour and living costs that, together with the laws to
promote Foreign Investment, have made it very attractive for those who are looking
for high profitability and security.

The geography of the country is very diverse, ranging from verdant tropical rain
forests to arid semi-desert plains. The Dominican Republic, which takes up
two-thirds of the island of Hispaniola and borders with Haiti, boasts of an 870-mile
coast line with a stunning array of beautiful golden-sand beaches. Temperatures are
tropical with an average of 23°C in the early mornings to 32°C at noon. Similar to
other islands of the Caribbean, there are no large wild animals, no poisonous
snakes, and no spiders or insects whose bite or sting is life-threatening to humans.

The capital, Santo Domingo is the oldest city in the New World and is home to a huge
historical legacy. It is also a bustling hub of modern day activity and no other
city in the Caribbean has a greater variety of restaurants and night life.

All of these features have made the Dominican Republic a first-class tourist
destination. Now with the help of Caribbean Land and Property, those who wish to
stay in the Dominican Republic for more than holiday, have the opportunity to do so
with the new home mortgage facility.

About Caribbean Land and Property
Caribbean Land and Property are a leading online real estate resource with
properties in 26 Caribbean countries. See www.caribbeanlandandproperty.com for
further details.


Web Site: http://www.caribbeanlandandproperty.com

Contact Details: terri@caribbeanlandandproperty.com
www.caribbeanlandandproperty.com
+1 767 449 0599
c/o Design Management Limited, PO 1789, Roseau, Commonwealth of Dominica