The Dominican Republic, nestled on the eastern part of the island of Hispaniola, is one of the most frequented tourist destinations in the Caribbean. While the popularity of its pristine beaches is what draws attention, the real estate market has also been gaining momentum due to the reasonable rates compared to other properties in the Caribbean.
If you are thinking of buying a vacation home close to the beach, the Dominican Republic is a sound investment choice. Here are our Top 6 reasons to purchase real estate in the Dominican Republic:
The Dominican Republic is a short, direct flight from the East Coast of the United States and Canada, making it accessible and convenient from various points around the globe. With international airports in major destinations such as Punta Cana, Santo Domingo, Santiago, and Puerto Plata your travel-time can be reduced, and your vacation time maximized.
The Dominican Republic has the allure of a tropical paradise akin to Miami Beach, and there are mountainous regions, cosmopolitan cities and country villages to explore as well. Aside from the popular Punta Cana resort area where luxurious beaches and private estate properties are plentiful, the North Coast of the island offers an equally beautiful and varied landscape to enjoy. Outdoor activities such as hiking, surfing, diving, and golfing are popular pursuits, and the area appeals to families and young people, as well as retirees. The rich local culture of the Dominican Republic and a vibrant mix of international travelers that have made the island their home create a diverse nation in which to live.
Your dollar can go further in the Dominican Republic than in any other part of the Caribbean. Local produce is high-quality and plentiful, and a wide-variety of imported goods are readily available. Home prices are lower than other Caribbean islands, and construction materials and building professionals can help you design your dream home for a fraction of the cost of other locations.
Choosing the right real estate agent to help you as you search for your Dominican Republic vacation home will not only expedite the process, but will ensure the legitimacy of your purchase. If you’re building your own home, you will also benefit from the referrals of a good real estate agent who has your best interests at heart.
Laws are favorable for foreigners acquiring real estate properties in the Dominican Republic. As a matter of fact, foreigners and locals are obliged by law to follow the same set of requirements when purchasing real estate in the Dominican Republic. Working with a professional real estate agent and lawyer can help make the process of buying real estate smooth and hassle-free for you.
The Caribbean tropical, sunny climate makes it a perfect beach destination all year-round. Rainy seasons are brief, and the warm tropical climate benefits all those seeking the pleasure of island living.
Want to learn more? Come and see for yourself all that this island nation has to offer. Contact us for information on home sales and rentals.