Why is now the right time to invest in Punta Cana real estate
Forget stocks, bonds and mutual funds. If you are sitting on a decent capital and are wondering where to invest it here is a lucrative idea; invest in a property or a second home in the Dominican Republic.The real estate graph of Punta Cana in the Dominican Republic has shown a pretty impressive upward graph in the last few years, and those who chose to invest in property here are far from regretting their decision. But fear not,you still haven’t missed you chance. With the new, magnificent residential projects mushrooming in Punta Cana, it is no denying that the real estate is only going to sky rocket in the coming years.
Punta Cana caters to the crème de la crème crowd that visits the Caribbean year after year to relax, rejuvenate and unwind. There is no doubt that the real estate prices, property rates and overall cost of living in Punta Cana is higher when compared to other regions of the Dominican Republic, but when you want the best you don’t mind a little extra on the price tag. Buzzing with tourists, locals and those who have moved base here either from North America or Western Europe, Punta Cana is a vivid tapestry of various rich cultures. This is exactly what makes it easy for any foreigner to blend in and the chances of anyone feeling out of place are extremely slim.
The fact that you would be paying a slightly elevated price for real estate in Punta Cana is also a plus point. While renting out your vacant property, you can expect to make some handsome income by way of rent. Also, down the line when you do decide to sell, the resale value would be much higher as compared to other regions of the Dominican Republic.
Home to some of the best bars, restaurants,clubs and casinos, Punta Cana is a top tourist destination throughout the year. The serene beaches, perfect to soak up the sun and relax in the day, transforms into vivacious hotspots by sundown.
Within Punta Cana also property rates can greatly vary depending on the popularity of the locality you choose. For example living in the Bavaro beach area can be more expensive, as it is one of the prime neighborhoods of the area; whereas if you choose a modest property on the outskirts of Punta Cana, it won’t dent your savings as much.