Vacationing in Las Terrenas

Since I've highlighted travel in the Dominican Republic today, I thought I would also provide some resources and information about the Samana Peninsula, the area that I believe holds the most promise for real estate investors. I think from a due diligence standpoint, it's important to be aware of the whole country and what is happening there, which is the reason for posting the previous articles.

The market we are focusing on, Las Terrenas, is currently quite different from what is described in the New York Times articles. There are some all inclusive resorts in Las Terrenas; however, none yet that approach the price points you would find in Punta Cana. Instead, Las Terrenas has a good supply of smaller hotels and resorts that are mostly comprised of apartments (condos owned mostly by investors) as well as villas and bungalows that sleep as many as eight to ten people. Because Las Terrenas is not only a vacation destination–it is home to over 4,000 Europeans who have taken residency in the Dominican Republic–there are markets, shops, bakeries, and other resources that preclude the need for all inclusive resorts as the only option.

One of the best resources for information about Las Terrenas and the Samana Peninsula is Samana.Net. This site lists many of the accommodations available in Las Terrenas, Las Galeras, and Samana, the three major towns on the Samana Peninsula as well as a lot of other useful information.

dr1.com is about news and travel in the Dominican Republic. This site has a wealth of information and is worth exploring. There are several blogs associated with dr1.com, including the Green Team, a blog focused on sustainable tourism and preserving the environment.