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. 42007

For sale Bar/Restaurant/Nightclub, Dominican Republic, La Romana, bayahibe, La Punta de bayahibe

262,325.00USD
For sale
Bar/Restaurant/Nightclub

120 m²
FOR SALE goodwill Restaurant-pizzeria-sushi on the port of Bayahibe, province la Altagracia, Dominican Republic Location on boarding places for Saon...
Cod. 41925

For sale Hotel, Dominican Republic, Cabarete, Cabarete, kite beach

1,290,000.00USD
For sale
Hotel

1810 m²
Exceptional investment opportunity in a water sports paradise. walls and goodwill, Hotel in operation in very good condition 200 m from the superb be...
I am selling a little village in Residencial Las Estrellas on the beach of Boca Chica in the Dominican Republic. 2 floors plus covered roof terrace, ...
IRRESISTIBLE! Ideally positioned as everything is at 5 minute by walk. No vehicle needed. This apartment is located in a residence guarded 24/7. It...
DUPLEX IDEALLY LOCATED IN LAS TERRENAS. This apartment, just across the street, allows you to have a very nice sea view. It has its own parking spot...
RESERVE THIS VERY NICE NEW VILLA close to the beautiful beaches of Bonita, in a quiet and wooded location for lovers of exotic scenery. This villa, l...
Come and discover this charming Caribbean house for sale built with quality materials and located in a luxurious garden! This villa; located in the m...
Come and discover this charming Caribbean house for sale, located in a luxurious garden! It is made up of different bungalows for a total of 200 m² a...
You will love this beautiful property with an amazing sea view located Las Terrenas! This 350 m2 villa located on a 4,800m2 land is composed of: - ...
GREAT DEAL!! DONT' MISS IT You will be charmed by this beautiful Indonesian-inspired property with an amazing sea view located on the Samana peninsul...
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