LOE Cost of Building vs. Caribbean.

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One of the key factors around many that prospective buyers consider is the cost for construction on an island destination. We have know this for many years that the Dominican Republic has a relatively low cost for construction compared to all other Caribbean island nations. This is in part effected due to the low cost of labor and the abundance of materials available on the island that are produced on the island. For many other islands, all of the their raw construction materials are shipped in to  the destination and often an extreme lack of skilled labor to construct. We have very recent market research that clarifies and proves this data is accurate. As of the market report the DR is the 5th lowest of all the (20) measured Caribbean islands in terms of cost of homes by meter square average. Effectively this fact is allowing our perspective customers to build a luxury villa for well below north american market prices for the same home. This value is also what is driving a high return on investment projection coupled with the high occupancy rates projected.