INVEST IN THE DOMINICAN REPUBLIC
Thanks to the international airports of Santo Domingo, La Romana and Punta Cana, the Dominican Republic currently has very good connections with Europe, North America and South America. The Dominican Republic is much closer than you might think. Come and enjoy its magnificent beaches and its wonderful climate.
Real estate prices in the Dominican Republic, much lower than in North America or Europe, will give you a real opportunity. Whether by the sea or on a golf course in Punta Cana or Bayahibe, the villa or apartment of your dreams awaits.
THE THREE GOOD REASONS TO INVEST
Quality of life
Choosing the Dominican Republic also improves your quality of life. Take advantage of the low cost of living to give yourself a nice supplement in a hot, sunny climate. Here you can enjoy all the tropical fruits, fresh fish and much more. Besides the cost of labor, taxes, energy ... it's very cheap.
Pleasure or profitability? And why not both! When you are not occupying your property, you can make it profitable by renting it out. The Dominican Republic is no longer just an all-inclusive hotel destination, but has also become a rental destination. Many agencies take care of the rental.
Still low real estate prices and growing interest from Dominican and foreign clients herald real estate growth for years to come, making Dominican property a great investment. In addition, the annual property tax is only 1% on the excess RD $ 8,138,353 (Pesos)
WHERE TO INVEST?
Bayahibe - Dominicus (Caribbean Coast)
The Bayahibe - Dominicus region located on the Caribbean coast, near the town of La Romana in the southeast, is only 45 minutes from Punta Cana and is home to the best beaches in the country. In addition, the calm and crystal-clear waters of the Caribbean Sea make it a popular destination for diving enthusiasts. Bayahibe is a former fishing village with colorful houses which is becoming an increasingly popular tourist destination. This is where all the boats leave for Saona Island. Dominicus Americanus is a quieter, greener resort located 3 miles from Bayahibe, on the edge of the Eastern National Park. Here you will find residences surrounded by lush gardens and luxury hotels, along the beautiful Dominicus Beach.
Punta Cana (Atlantic Coast)
The Punta Cana region in the east of the country enjoys a relatively dry and sunny climate all year round. Bordered by the Atlantic Ocean, this region benefits from a sea breeze coming from the sea. The beaches are very beautiful, but the waters are rougher than on the Craïbe coast. Here, golf enthusiasts will be in paradise. Many golf courses have sprung up in Punta Cana in recent years, from Cap Cana in the south to Bavaro in the north. Punta Cana also has its own international airport. Punta Cana offers many fun activities such as water parks, adventure parks, nightclubs, many bars and restaurants, shopping centers ... Punta Cana has everything for you to have a wonderful vacation or rest in a perfect environment. .
WHAT ARE THE FEES IN CASE OF PURCHASE?
Purchase Without Confotur's Law
The cost of buying in the Dominican Republic is 3% of the value of the property purchased. Add to this the legal costs for the constitution of the purchase contract, either by a lawyer or by the bank in the event of mortgage financing. The rates may vary depending on the amount of the loan or the lawyer. However, these rates are not very high and are known before purchase. Count between $ 100 and $ 1,000 depending on the value of the property purchased and the loan.
Building Under The Confotour Law
Under the Confotur law, the purchase of real estate is subject to a tax exemption for the purchase and for a period of 10 to 15 years. 3% of the purchase costs are not paid. Only legal fees are paid, but many construction companies make their own purchase contracts. In this case, only the legal costs related to a possible mortgage loan are due.
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