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The real estate industry in the Dominican Republic has been witnessing a boom, letting buyers take advantage of umpteen opportunities for profit, among other benefits. With this trend picking up, new buyers are always on a lookout for new properties with the potential for promising returns on their investment. Investors are keener to locate places, which are upcoming, and developing, so that they can invest at good rates and have the chance to reap the profits in a shorter duration. Santo Domingo Real Estate is one such lucrative option to invest in, which many investors have settled on already. Being the largest city and the capital city of Dominican Republic, to boot, the real estate markets have seen an immense upsurge that has proved to be highly profitable for the investors. There are a number of reasons why buyers are drawn towards investing in this city. Its favorable climatic condition, growth history and unstoppable developments are a few features that have made the city a hot spot for real estate investment. However, before investing, it is recommended that you have an in-depth knowledge of the location. The “Now” and “Then” Santo Domingo Discovered by Bartholomew Columbus, this city was once ruled by the Spanish, and French, among other powers. Before finalizing its name as “Santo Domingo”, it was differently named by various leaders during their times. This city was populated by the Taino people, who named it as Quisqueya and Ayiti. Apart from these names, it was also known as “La Nueva Isabela. In honor of the popular Saint Dominic, this city was finally renamed “Santo Domingo”. Although the city went through many changes with respect to its ruling entity, it has managed to rise above all the calamities and is now the largest city of Dominican Republican. Discovered in 1496, it is the oldest city where European inhabitants can be found. This city can claim to have the highest population in the Caribbean. The population of Santo Domingo is estimated to be crossing 2.9 million and is still on an upsurge. Santo Domingo has bagged the title of being the ‘World Heritage Site’ by the UNESCO. “Must See” Locations in Santo Domingo Having managed the UNESCO World heritage site tag, this city has an astonishing assortment of 16th century creations, which includes buildings, magnificent churches and even opulent mansions, and palaces that reflect the marvelous architectural aptitude of the medieval age. Apart from these architectural masterpieces, you will find numerous museums that showcase the collection of artifacts, ancient weaponry, historical documents, etc. Santo Domingo flourishes with numerous lush green parks located throughout the city and has other recreational areas too. Some of the popular and attractive locations are: 1. Jardin Botanico Nacional 2. Parque Zoologico Nacional 3. Museum of the Casas Reales 4. Mirador Norte Park and many more. Climatic Conditions of Santo Domingo The trade winds over this city act as the regulators of the climate as these winds ensure the stability of the temperature of Santo Domingo. Thus, the climate of Santo Domingo does not fluctuate much that makes it extremely convenient for its residents, as they do not have to go through any uncertain weather changes. It has a tropical climate that experiences a rainfall of 59.9 inches (approx.) The tropical city has noticed a lowest temperature of 13 degrees and can go up to a maximum of 37 degrees which is very comfortable for the residents. Socio - Economic Developments After its independence, Santo Domingo has seen unstoppable developments and advancements in various areas whether it is real estate or any other industry. The city now offers a fusion of the ancient world fascination clubbed with the modern day amenities of the nightlife, shopping complexes and other recreational activities that make it an ideal location for investors to invest and get good return on investments. Santo Domingo real estate , Contact us
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