Homes in Dominican Republic
It is true that the DR is full of villas and condos that fetch ridiculous prices, but it is also a fact that there are plenty of homes in Dominican Republic for sale that are well within a range of budgets. The real estate industry of the country is witnessing an all time high, thanks to the increasing number of foreign investors and the thriving local economy. Over the past few decades DR has grown as a favourite holiday destination in the Caribbean. With unsullied sandy beaches, turquoise blue waters, fun activities for all to enjoy, great people and amazing scenic marvels, the country is a haven for expats as well as tourists from all over the world. The number of immigrants per year is also on a rise, thanks to advantageous laws put down by the government, low cost of living, and state of the art amenities and facilities available.
If you are looking for a profitable investment opportunity in a foreign country, your search ends here. The Dominican Republic is one of the best places for real estate investments today. In view of the fact that the biggest area of growth involves real estate associated with the travel and tourism industry, it may be a great idea to invest in a residential property such as villa, apartment, condo, etc. Such a property can be used as a holiday home for your family and also be put up for rent to tourists and visitors that prefer renting a home rather than staying at a resort or hotel. Rental homes in the country earn quite the handsome dollar per year. In fact, they almost pay for themselves, if located in a prime location that is favorable for visitors, like near the beach or next to a busy nightclub, etc.
As mentioned earlier, the cost of living in the DR is fairly low, while the quality of life is extremely good. In this respect, maintaining a villa or home in any location across the country is not very expensive. This is one of the reasons why foreign investors prefer real estate investments here. The real estate market is growing at a rate of 15% per annum right now. This means that even if you buy a home today, remodel it a little and put it up for sale again, chances are that you will be making a pretty good profit on the deal. In fact, there are many wise business investors that are doing this already.
With a wide choice in homes in Dominican Republic, no matter what your purpose you can be sure of finding the right property for you. All you need to do is decide to invest and start looking.