The Dominican Republic, nestled on the eastern part of an island named Hispaniola, is one of the most frequented tourist destinations in the Caribbean primarily because of its pristinely magnificent beaches. And recently, its real estate market has also been gaining much attention because of the reasonable rates compared to other properties in the Caribbean.
If you are thinking of buying a vacation home where the beach is your next door neighbour, the DR is certainly one of the best places you can put your money on. Here are some more reasons why real estate properties in the DR are a great buy:
1. The DR is comprised of different areas each satisfying different types of people.
The Dominican Republic may strike most people as a Miami-like, tropical paradise – which it is – except that there is actually more to it. Aside from the popular Punta Cana where luxurious beach resorts and beautiful beach house properties are high in number, there’s also the North Coast in particular The Samana Peninsula and more notably Las Terrenas for those who like the outdoors, hiking, and the like. South Coast, on the other hand, is a fishing haven which is often appealing to many retirees.
- Cost of living is quite affordable.
Your dollar can go a longer way in the DR than in any other part of the Caribbean. Food is amazingly good and cheap, and you get to choose from a wide variety. You certainly don’t have to break the bank or wait long for your savings to be quite enough to fund your Caribbean sojourn. Plus, you won’t even have to dole out any for your accommodation because you have a property of your own already. That one-time investment can really go a long way.
- Reliable and competent real estate agencies in the DR can make the process smooth and hassle-free for you.
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 as well ensure the legitimacy of your purchase. If you’re building a home from scratch, you will also benefit from the referrals of a good real estate agent who has your best interests at heart.
- DR laws are not strict when it comes to foreigners acquiring real estate properties.
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. Foreigners residing in the country also share rights equally with the locals.
- Great weather all-year-long.
Do you often avoid winters like the plague? The Caribbean sure is a great place to hibernate! Its tropical, sunny climate makes it a perfect beach destination no matter which time of the year it is. It does rain on some occasions, but overall the weather is perfect for those who love to leisurely hang out or go or a refreshing dip at the beach.
property in the Dominican Republic
Category : Blog