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Real Estate Investment opportunities - Dominican Republic
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The Dominican Republic located on the island of Hispaniola, which is centered directly between Jamaica and Puerto Rico, is a part of the Caribbean that until recently was virtually ignored by tourists. However, thanks to major cruise lines encountering the hidden paradise and making it part of their itineraries, specially american people are starting to discover everything the Dominican Republic has to offer, including the white, sandy beaches, impressive mountain ranges streaked with spectacular rivers and waterfalls, and saltwater lakes scattered throughout the region teaming with exotic wildlife. As a result, the number of tourists who visit the Dominican Republic over the past five years has increased more than 50%, a statistic known to
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Investors have been eyeing the Dominican Republic as a potential place for investment for the past few years. Recently, the government realized how important foreign investment was to the development and growth of their country and decided to change the laws to attract foreign investment. As a result, property taxes and other fees associated with buying real estate are some of the lowest in the world, and the process of foreigners purchasing real estate in the Dominican Republic is a simple and hassle free
process. On our websites you will find many properties available for you to find your new home or homesite or condominium. Once you have narrowed your choices to a few, our real estate agents are available to assist you with the inspection of the properties and can oversee any construction. Within weeks, it is possible to choose a property and eventually rent it to your first guests without even leaving your town. |
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Prices are not discouraging investors either. If anything they are encouraging people to invest more before property in the Dominican Republic starts to appreciate out of there reach. A beach front villa with modern conveniences, three bedrooms and two bathrooms can be bought for aprox. 300,000 Us$. A condo with three bedrooms and two bathrooms in, Sosua, can be bought for $125,000. Year round, properties such as these are rented on a weekly basis to several months at a time in the Dominican Republic starting from around $ 1000 - $ 2000 a week, making it possible to have at least a 20% return on investment within the first twelve months of owning the property.
You can even declare in your tax report in the states your monthly payments for maintenance fees. Don't waste any time! The recent integration of these laws, ease of which a foreigner can purchase real estate, the significantly undervalued property and the high predicted return on investment, make it so that there has never been nor will there ever be a better time to invest in the Dominican Republic. |
