Dominican Republic real estate should be understood as being located on the larger island known geographically as Hispaniola, which also includes the political entity of the country of Haiti. In a larger context, Dominican Republic real estate can be identified as being part of the Caribbean archipelago of the Greater Antilles. Investment in Dominican Republic real estate can vary according both to economic conditions in the country and in the United States, as one of the largest sources for financial resources to be directed toward this location.

 

 

 

From 2003 to 2010, Dominican Republic real estate was noted as changing positively and gradually in cost. Positive improvements in Dominican Republic real estate has included both newly constructed or developed areas and buildings and real estate being resold to new owners. In this regard, a major role in Dominican Republic real estate has been reserved for buyers from the United States and Canada with enough funds to purchase vacation or secondary residences. Dominican Republic real estate tends to be particularly valuable in terms of its proximity to the ocean.

 

 

 

Concerns have been raised about the future stability of Dominican Republic real estate when compared to the economic disruptions experienced in the large buyers’ markets of the United States. Proponents for Dominican Republic real estate have pointed out that the unstable mortgage-backed securities heavily used in the United States have yet to make heavy inroads into Dominican Republic real estate, thus providing against one significant source for financial disruptions.

 

 

Jamaica real estate can be noted as being located on an island, one which is 145 miles long and is made up of 4300 square miles. Located in the Caribbean Sea, Jamaica property can further be noted as being 120 miles to the west of the island of Hispaniola, on which the Dominican Republic and Haiti are situated, and to being 90 miles to the south of Cuba. Jamaica real estate is, furthermore, part of the Greater Antilles, as includes the previously mentioned locations as well as Puerto Rico and constitutes the large majority of West Indies land.

 

 

 

Jamaica real estate has been noted for having experienced a financial downturn in 2010, particularly due to a warning issued by the State Department of the United States government against travel to the area, which cut down particularly on rental of Jamaica property by U.S. residents. An especially strong blow to Jamaica real estate, specifically on the rate of U.S. and otherwise foreign investment in it, arose from drug-related violence in Kingston triggered by attempts to serve an arrest warrant for the reputed drug lord Christopher Coke. 

 

 

The fear of violent crime has ensured that the Jamaica property most often considered for purchase by outsiders has been in well-guarded gated communities, contributing largely to the cost of Jamaica real estate. The Jamaica real estate market in general has been greatly and adversely affected by high levels of inflation. Jamaica property purchases accordingly began a dip in 2009 which has continued.

 

 

Caribbean real estate is a large category for property purchases, as can be understood principally in reference to the area in and around the Caribbean Sea, as comprises both coastal regions and islands. Caribbean real estate can be in the collection of islands and other small bodies of land, including over 7,000 different pieces of land, known as the West Indies. Caribbean real estate is generally understood as being in North America.

 

 

 

Concerns have been raised for the future of Caribbean real estate due to the performance of one specific use for such property, that of hotels. Caribbean real estate tends to be most highly valued in regard to the natural beauty and temperate conditions identified with and typically found of the area. In this regard, the Caribbean real estate market as a whole was alarmed during 2009 when the related area of lodging, as has generally served a thriving and significant tourist market, experienced a drop in revenue nearing 20% of its normal and expected financial rewards. 

 

 

For this reason, it is felt that Caribbean real estate may be highly responsive to and damaged by the long-term trends for problems in the functioning of the world’s economy. That being said, comparisons of dropping prices for Caribbean hotels to those experienced by U.S.-based operators found that Caribbean locations fared less badly. Developers of Caribbean real estate and proponents for the overall market have thus argued that the overall strength of Caribbean real estate should return at some point.