Why Purchase in the Dominican Republic
1) The Investment
Investors are purchasing properties in Punta Cana for the amazing returns on their investment. The Dominican Republic has the best real estate opportunities in the Caribbean. Properties are affordable. Comparing to the Global real estate economy, prices have maintained firm and in fact have increased by 15% since 2008.
Purchasing in Punta Cana-Bavaro-El Cortecito zones is an opportunity for investment, Owners are able rent their property to vacationers and enjoy return of investments up to 18%. Punta Cana and area has experienced a phenomenal boom since 2007 and is considered a worldwide key tourist destination with about 65 world-renowned all-inclusive resorts and very desirable residential communities within close /ocean front proximity.
Foreigners can buy and own real estate or other property freehold (free and clear titled property with your name on the deed) without the need for residency. The one-time property transfer tax is well below the U.S. average and below the average of most other Caribbean markets. The Dominican Republic offers many incentives to foreign investors, like no property taxes on approximately the first $150,000 U.S. or (RD 7,000,000 pesos).
The Dominican Republic real estate market provides consistent long-term appreciation. Foreclosures are almost non existent because most properties are purchased with cash, or with minimal bank financing. Most properties are on or close to the beach which are fairly new.
2) White Sandy Beaches!
Punta Cana’s beaches are known for their soft-white sand, and natural palms. Buildings no higher than the tallest palm tree, beautiful turquoise and ocean waters, slight breeze all year around, and a reef barrier that keeps jelly fish away from the shoreline.
3) The Climate
The sun is always shining in Punta Cana, with highs around 80 degrees Fahrenheit or 32 Celsius. Occasional Tropical rain at night or in the morning, or mid-day, but rain lasts no more than 25 minutes.
4) Lifestyle & Expat Communities
Punta Cana is a place where global nationalities come together to work, retire and play. Amazing stretch of beaches and an easy-going Caribbean culture.
Expats are typically from North America, Europe and South / Central America like; England, France, Italy, Spain, Germany, Cuba, Venezuela, and Ukraine / Russia.
5) Exscursions & Things to Do
There are countless things to do, and individuals to meet in Punta Cana. Of course beaches, excursions, tours, local shops, Gastronomical restaurants, Countless shopping malls, movie theatre´s, casinos, pubs, bars, nightclubs, amazing night life.
Punta Cana’s culture is relaxed and committed to tourists and expats. Very Friendly locals, the Dominicans are beautiful, down to earth and helpful people who are full of life. Spanish is the primary language, however the native people in the service industry speak English.
Punta Cana offers a low cost of living. Professional services, manual labour (repairs), insurance and health (especially health), medical and dental , veterinarian costs, real estate, rent, and utility services like internet, cable TV, and entertainment.
The Dominican Republic is a rapidly growing developing country, and is not considered a 3rd world country. A great time and opportunity to invest.