Apartments & Flats in Dominican Republic
Apartments and apartments in the Dominican Republic: Buyer's Guide
The Dominican Republic has become attractive for investment, and today it is attractive to buy an apartment due to the year-round tropical climate (+25-30°C), snow-white Caribbean beaches, developed tourist infrastructure and tax benefits. The country is the leader in visitors in the Caribbean region (8+ million tourists annually), which guarantees the demand for rental housing. It is profitable to buy in the Dominican Republic to receive a passive income of 6-8% per annum and obtain a residence permit with investments starting from $200,000.
Real estate in the Dominican Republic is represented by all types of objects. Studios of 30-40 m2 from $50,000 are suitable for renting to tourists. Condominiums – in complexes with a swimming pool and security: 1-bedroom from $95,000, 2-bedroom from $145,000, 3-bedroom from $180,000. Penthouses with terraces and ocean views from $300,000. Villas with a plot and pool from $300,000, luxury residences on the coast from $1 million.
Townhouses in gated communities starting at $150,000. Condotels are apartments with hotel management, the owner receives 40-50% of income without participation. Land plots of $30-300/m2 for construction.
Punta Cana is the main resort center with an airport, beaches and well-developed infrastructure. Now in the Dominican Republic here from $95,000, the cost of m2 is $1,200-1,800. Cap Cana is a premium area with golf courses and yacht clubs from $250,000. La Romana is a quiet area with affordable prices from $60,000. Santo Domingo is the capital and business center in the Dominican Republic from $110,000. Samana is an ecological region for a secluded holiday - from $50,000. Bavaro is a family resort with safe beaches, housing from $70,000.
Investment advantages: 1% annual tax (objects up to $130,000 are exempt), no capital gains tax after 5 years of ownership, 5-7% annual cost growth, rental income up to 8% per annum. It can be purchased in installments from the developer or for cash. A residence permit for the purchase of $200,000 or more gives the right of residence to a family, and citizenship is possible after 3 years. The purchase process takes 4-8 weeks: object search, 5-10% deposit, document verification, notary registration, property registration.
Rent a house by the sea in the Dominican Republic from $500 / month allows you to evaluate the area before buying. Management companies provide rental, cleaning and maintenance for non-residents.
Popular booking sites guarantee occupancy rates of 60-80% per year. The housing market is stable due to government investments in infrastructure and the opening of new resort areas. To buy in the Dominican Republic with a swimming pool, sea view and modern finishes is the optimal solution for investment and a comfortable life in a tropical paradise. Real estate in the Dominican Republic is available to foreigners without restrictions on the same terms as residents. Our website offers a wide range of low-cost real estate for investors. Houses and villas with different numbers of bedrooms. Our agency is ready to help with the sale and purchase of the entire map of the Dominican Republic. Ads for new buildings and second homes from owners without intermediaries are available to foreign investors. Leave a request and our managers will contact you.