Dominican Republic Real Estate Blog

Welcome to the official Dominican Republic Real Estate Blog by Mark Marek. now that I gave myself such a flashy introduction, let me get straight down to earth. There is a lot of information potential buyer of a real estate in the Dominican Republic wants to know. Being an expert on investing in the Dominican Republic, i will keep this blog updated with information you want to hear. Everything that is pertinent to the Dominican Republic Real Estate will be covered in this blog, including tips and tricks, real estate laws, references to reliable sources that can make your investment smooth and hassle free but most of all we’re gonna keep the blog fun and easy to read, leaving out hard to understand legal lingo while staying informative and on topic. Ready to roll?

Breathtaking View of the Dominican Republic, Photo: Michelle Brea, Flickr

Dominican Republic Real Estate – Investing in Paradise

Dominican Republic is without doubt one of the most appealing islands in the Caribbean. That goes both whether you are an adventure seeker or an investor. Dominican Republic boasts one of the most appealing emerging real estate markets in the world. Dominican Republic government continuously offers exciting incentives that boast sustainable tourism and keep the economy growing. Dominican Republic is booming but real estate prices remain at very attractive levels – there truly has not been a better time to buy a property in the Caribbean.

Dominican Republic has been on radar of foreign investors for over 20 years. Many North Americans as well as Europeans are looking to purchase holiday properties in the Caribbean and thanks to attention drawing real estate prices in the Dominican Republic, the demand for quality properties on the islands have been steadily increasing.

Real Estate pros refer to the property market in the Dominican Republic as “the largest dedicated leisure resort development in the world” making it one of world’s greatest investment opportunities. But that’s not all – first time as well as second time home buyers are eligible for 8% guaranteed rental yield for the period of initial 5 years, the yield that is net of management fees.

For investors, Dominican Republic real estate market is continuously proving excessively effective. Large numbers of wealthy people form all over the world are eyeing the properties that could offer them that “heaven on Earth” feeling and they are finding it in the Dominican Republic. Sales of expensive villas as well as large estate complexes have been growing increasingly year after year. Many baby boomers are looking to retire in the Dominican Republic and are waiting around with life long savings to purchase that perfect home in the paradise.

Sunrise in Punta Cana, Dominican Republic, Photo: shashchatter, Flickr

Dominican Republic Facts

Dominican Republic is closer than you think. North Americans are only few hours away by plane and Western Europeans can get there in about 7 hours. Climate is tropical year round. Even in winter the average temperatures reach 23 °C (76 °F). As far as size of the island is involved, Dominican Republic is approximately as large as Maryland in the US or Scotland in the UK. It is located on the island of Hispaniola, which is the second largest island in the Caribbean, after Cuba. There are currently 26 high end golf courses throughout the island with more to come in the near future. The location is spectacular, the low bureaucracy approach is attractive – The Dominican Republic welcomes you. You will not be disappointed.

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Further Reading:

• Free House Staging Ideas That Don’t Cost a Penny