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Dominican Republic Real Estate Market

The Dominican Republic real estate market has grown leaps and bounds in the recent years. Visitors from all over the world fall in love with this tropical paradise for its golden sandy beaches, incredible weather, and an ending list of activities offered here for tourists and locals alike. Known most for being a haven for vacationers, the country boasts of ever-growing tourism sector as well as a flourishing real estate sector. From locals to tourists, it is no secret that investing in property in this country is a definite win-win situation.

There are some important aspects that make buying property in the Dominican Republic a smart choice for any investor. Listed below are some such factors that may help you in realizing why more and more people are considering this country as an investment opportunity.

  • The varied landscapes, and the awesome sunny weather make the Dominican Republic an ideal tourist destination all year round.
  • The overall ambience of the country is friendly, easy-going, and multi-ethnic. This makes it very easy for new immigrants to feel at home here. This is one of the main reasons why the place is gaining popularity as a retirement place too.
  • The country is conveniently connected to all international destinations by air. There are frequent direct flights available all over the globe.
  • This country’s real estate has witnessed a steep appreciation of about 15% annually in the last few years. In addition to this the costs of property is still very much affordable, making it a low-cost high-value deal.
  • Investors are making great income via rent and lease.
  • The resale value of properties here is also very high, making it a goldmine for long term as well as short term investments.
  • Government policies here encourage foreign investment. In fact, even immigration laws of the country are lenient.
  • Compared to the quality of life and amenities available here, the cost of living is pretty low.
  • For the reason that this is predominantly a tourist hub, starting any small business here is also a fairly good idea. Especially if it is related to the tourism industry.

Finding a good realtor is key to finding the right investment in the Dominican Republic real estate market. You can choose from a number of property investment opportunities like commercial spaces, building lots or land for building your dream home, apartments or condominiums, and villas or independent houses. With year round activities and festivals in the country, you won’t have time to keep up with the options.