Invest in Real Estate in the Dominican Republic
Want to own a piece of paradise and call it your home? Welcome to the Caribbean. Investing in Dominican Republic real estate is a great idea for anyone wanting to vacation here annually or even for those wanting to move here indefinitely. Dominican Republic is a mountainous and beach-fringed country, which occupies the eastern two-third of Hispaniola; it is also the second largest of the Caribees.
It is a place where beauty, beaches and bikinis are at your behest. Over the years, Dominican Republic has become a preferred choice for holidays for tourists from around the globe.
DR is your key to a prestigious lifestyle!
When you own a piece of the Caribbean, you get access to the lush green tropical zone, expansive mountain ranges, and sandy white beaches. It’s time you chose your heart’s desire; either the calm and composed surroundings on the beach front or a sprawling villa close to the most happening tourist spots.
Sosua, Cabarete, Puerto Plata, Costambur, Samana are few of the most hot shot property spots. Whatever your need in real estate may be, your decision of investing in Dominican Republic will only reap some good profits. You can opt for Villas, Condos/ Apartments or Small homes for residential use. Or even invest in property for business purposes. You can settle for either small lots or go for larger acres of land.
Advantages of investing in Dominican Republic
As a low-profile area, Dominican Republic faces less competition and hence attracts some real good property deals. Affordability is one of the key features of investing here. The property rates are quite stable in this region, unlike most places in the world, where economic recession has resulted in big disasters. Less property taxes, and rare Government intervention in property matters, make this place even more desirable for foreign investment. Renting out your condo or apartment when it’s not in use is also a great idea to make some extra dough, especially during the peak season.
Steps to go about
Firstly decide on your budget and the area/ location you want to invest in. Then browse through the websites of the Caribbean focused real estate agencies. Once you narrow down your choices, take the assistance of a real estate agent and move ahead with your plan of action of investing in the Dominican Republic real estate.