Real Estate Investment Opportunities in the Dominican Republic

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Real estate in the Dominican Republic offers excellent investment options for buyers. Many factors attract investors to the Dominican Republic: fantastic scenery, beautiful weather, the low cost of real estate and a tranquil lifestyle. The capital appreciation, currently is around 20%. The ease of travel via budget airlines and the island’s several international airports makes it an easily accessible destination.

Shrewd Caribbean investors are making the most the Dominican Republic’s low entry prices. Enticing guaranteed rental deals, along with accelerating capital growth mean strong returns for the future.

Spectacular view of a beach-front resort along the Carribean Islands, in the The Dominican Republic
Spectacular view of a beach-front resort along the Carribean Islands, in the The Dominican Republic. Photo supplied

Country/Economy

The Dominican Republic is a nation on the island of Hispaniola in the Caribbean region. Hispaniola is one of two Caribbean islands shared by The Dominican Republic and Haiti. The Dominican Republic is the second largest Caribbean nation (after Cuba), with 48,442 square kilometers (18,704 sq mi) and an estimated 10 million people.

The Dominican Republic has the ninth largest economy in Latin America and the second largest economy in the Caribbean and Central American region. Sugar production was a major contributor to the Dominican Republic’s economy, but is now taken over by services. The country’s economic progress is reflected in its advanced telecommunication systems, free trade zones and tourism.

Dominican Republic’s economy is one of the fastest in the region after rebounding from the global recession in 2010-11. Estimated GDP of Dominican Republic for 2011 was 94.58 billion US dollars.

The Dominican Republic’s economy is highly dependent upon the US, the destination for more than half of exports. Remittances from the US amount to about a 10th of GDP.

Santa Cruz de Barahona, Domincan Republic
Santa Cruz de Barahona, Domincan Republic. Image: supplied

Dominican Republic: Magnificent Country with an Investor-friendly Government Policies

The Dominican Republic’s first tourist was Christopher Columbus in 1492. Rich in history, the country has developed into a diverse destination offering both Dominican and European flavors to more than one million U.S. visitors each year.

The Dominican Republic used to be the hidden paradise of Caribbean Islands, though major cruise lines make a point to include the Dominican Republic in their travel itinerary. The Dominican Republic offers tourists pristine white sandy beaches, beautiful mountain ranges with spectacular rivers and waterfalls, and saltwater lakes scattered throughout the region teaming with exotic wildlife. Tourism industry has been flourishing in the country, especially with tourists from the US flocking to enjoy the amazing country.

Cruise Liners in Dominican Republic
Cruise Liners in Dominican Republic. Image courtesy: Ministry of Tourism, Dominican Republic

The Dominican Republic’s government understands  the need for Foreign Investments into the country and have been taking several measures, including changing its current laws to lure foreign investors. Dominican Republic has one of the lowest property tax in the world and other fees associated with buying real estate in the country. The Dominican Republican government has also removed  bureaucratic red tapism involved in the process of buying and procuring real estate in the country for foreigners, making the process simple and hassle free. These measures are further fueling more investments in the country’s tourism sector and attracting foreign investors looking to invest  in the Dominican Republic.

Casa Kimball , Dominican Republic
Casa Kimball , Dominican Republic. Image: supplied

For Golfers, the Dominican Republic offers one of the best golf destinations in the Caribbean. The country’s tropical climate allows Golfing throughout the year. The majority of the golf courses are found along the coast in the country’s burgeoning resorts, each with its own distinct identity, carefully designed with the coastline and hills incorporated. There are over 25 world-class designer Golf courses in the Dominican Republic and many more spectacular ones are in the pipeline.

Cap Cana Golf Course, Dominican Republic
Cap Cana Golf Course, Dominican Republic. There are over 25 world-class designer Golf courses in the Dominican Republic and many more spectacular ones are in the pipeline. Image courtesy: golfblogger.co.uk

The Dominican Republic was named the Top Golf Destination in Caribbean & Latin America by the International Association of Golf Tour Operators.

Marina View, Dominican Republic.
Marina View, Dominican Republic. Image courtesy: Ministry of Tourism, Dominican Republic

International business chains have setup businesses in the Dominican Republic finding it lucrative. Retail giants like  Wal-Mart and Hotel groups such as Four Seasons, Conrad, Fairmont and Ritz Carlton are now familiar brands across the Dominican Republic.

The Dominican Republic’s major tourism regions of Punta Cana, Puerto Plata, La Romana, Santo Domingo and Samana feature the best beaches, fascinating history and culture, and are a chosen escape for celebrities, couples and families alike.

The amazing Dominican Republic with its beautiful mountain ranges with spectacular rivers and waterfalls, and saltwater lakes scattered throughout the region teaming with exotic wildlife
The Dominican Republic offers tourists pristine white sandy beaches, beautiful mountain ranges with spectacular rivers and waterfalls, and saltwater lakes scattered throughout the region teaming with exotic wildlife. Image: supplied

Why Invest in the Dominican Republic?

Environmental Factors

  • Year round perfect sunny weather (average temperature of 25 degree Celsius)
  • 869 miles of pristine beaches
  • Spectacular mountain ranges offering stunning views
  • Direct flights from many international airports
  • Friendly nature of Dominican people

Economic Factors

  • Investor-friendly government and its policies (ex: providing adequate protection)
  • High returns on property prices, with typical returns of 20% per annum in some locations
  • Low cost of living when compared to other Caribbean Islands
  • Moderate inflation (6.3% – 2010 estimate)
  • Under the 2008 – 2012 Tourism Plan, a massive 5 million annual visitors are targeted for 2012, meaning renewed demand for tourist accommodation
  • Free trade zones mean investment from large multinationals, further endorsing the potential of the nation

(This report is sponsored by M/s Enrique Tarazona. Anyone interested in buying real estate in the Dominican Republic may contact him directly at the below address)

Enrique Tarazona
175 West 87 Street #4C
New York, NY 10024

Ivone Tarazona
65 Columbus Avenue #7D
New York, NY 10025
(212) 749 9533

 

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