Dominican Republic

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Property for sale in the Dominican Republic

The Dominican Republic is a Caribbean nation to the east of the island of Hispaniola, which it shares with Haiti. It is known for its beaches, resorts and golf. Its territory includes rainforest, savannah and highlands, including Pico Duarte, the highest mountain in the Caribbean. The capital, Santo Domingo, preserves Spanish monuments such as the Catedral Primada de America.

Tourism sector has become one of the main drivers of development of the island's economy. This is also a reason why the real estate sector is growing. The demand for rentals by tourists who wish to make the island an experience is ever more on the increase, as well as the request for purchase of property for sale in the Dominican Republic for affordable prices for the possibility of putting them also on income. So we try to understand the reasons for buying a property for sale in the Dominican Republic.

The first reason is tourism increasingly growing.

In 2017 according to the Central Bank in the January-September period, the revenues obtained from the activities of hotels, bars and restaurants have increased by 6%, in addition to the 10% obtained from tourist spending. This is also a reason why the real estate sector is also growing. The goal for 2018 foresees an increase in arrivals of + 6% to reach the milestone of ten million tourists by 2022.

According to a study carried out in the United States dedicated to the quality of tourism in the Caribbean, the Dominican Republic, among the 28 countries analyzed, is in first place as a tourist destination primarily for the wide range of entertainment, transport connections with others Countries and for the hotel offer but also for sporting and adventure attractions and for the varied gastronomic offer.

The second reason for buying a property for sale in the Dominican Republic is the rapidly growing economy.

In the last ten years, the Dominican Republic has changed profoundly, moving from an economy based only on some agricultural products to a completely diversified, dynamic and modern society. According to the International Monetary Fund, the Dominican Republic was in 2016 the first fastest growing country in Latin America, beating Panama. Furthermore, the country is characterized by a strong and lasting democracy for more than 45 years. Indeed, it boasts a stable social and political framework, with a modern and open government.

At the price level, in Dominican Republic there are many differences between the diverse areas of the country. So the costs of purchase or rent vary considerably depending, for example, on the area and the type of property.

An interesting place to look for properties for sale in Dominican Republic as well as Santo Domingo is in Sosua.

Sosua is located 15 km northeast of Puerto Plata, composed of the natives of a major colony of European immigrants who arrived in the Dominican Republic in 1940 for most Germans and Austrians, who escaped from Nazi persecution. Over time, the presence of these groups has strongly influenced the lifestyle and socio-economic development of the region.

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Real Estate Listings

Cod. 43045

For sale Hotel, Dominican Republic, Sosua, Sosua, Villa Isabella Sosua

92,582.00USD
For sale
Hotel

800 m²
CARIBBEAN I am selling a portion of the tourist hotel property wall, I need motivated people to work within the structure for the upcoming season for ...
SITUATION Located in Las Terrenas in one of the most popular regions of the Dominican Republic, this charming hotel is available for sale within wall...
Cod. 42989

For sale Development Property, Dominican Republic, Sosua, Sosua, Camino Llibre

600,000.00USD
For sale
Development Property

8376 m²
building land of 8376 m2 located in a hilly area with sea view and independent access with already paved road and access gate. 200 meters from the tow...
Property name: THE BREEZE VILLAS ID: I-3 VILLAS| VILLAS • Alapterület | Size: 133 m2 • Hálószobák | Bedrooms:3 • Fürdőszobák | Bath...
Cod. 42591

For sale 2 Bedrooms, Dominican Republic, Bavaro-Punta Cana, Punta Cana, .

506,478.00USD
For sale
2 Bedrooms

135 m²
Property name: Harbor Bay Location: Cap Cana Price: from 465.000- 976.000 EUR Bedrooms:2/3 Bathrooms:2/3 Si...
Private sells the SW tower consisting of 2 bedrooms, living room, kitchen, bathroom and balcony, inside a castle located in the center of all types of...
Two-room apartments, three-room apartments in condominium with swimming pool. Also excellent as an investment with an 11% tax-free yield. Free techni...
Apartment under construction, excellent investment for your home in the Caribbean, also interesting as an 11% annual tax-free income. No commission to...
Cod. 42304

For sale Bar/Restaurant/Nightclub, Dominican Republic, Puerto Plata, Puerto Plata, centre historique

252,258.56USD
For sale
Bar/Restaurant/Nightclub

180 m²
Business Bar Restaurant, located in the heart of the Colonial Zone of Puerto Plata. Beautiful business operated for 5 years. Current capacity about 10...
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