Buying in the Dominican Republic is attracting more and more people looking for a profitable investment and an exceptional living environment. Whether you’re looking for an extended vacation, a permanent expatriation or a property investment, this guide will provide you with all the information you need to take the plunge.
Why choose the Dominican Republic to buy real estate?
The Dominican Republic is a destination of choice for those wishing to invest in real estate..
Avec son climat tropical, ses plages paradisiaques et son coût de la vie attractif, ce pays des Caraïbes offre de nombreuses opportunités pour les investisseurs et les expatriés.
Exceptional quality of life
The quality of life in the Dominican Republic is one of the island’s main attractions. The relatively low cost of livingallowing you to enjoy tropical fruits, fresh fish and other local produce at affordable prices. The warm, sunny year-round climate is another major advantage, offering a welcome escape from the harsh Quebec winters.
Return on investment
Investing in the Dominican Republic can be very profitable. Real estate prices are still relatively low compared with those in North America and Europe, offering potential for attractive capital gain.
De plus, lorsque vous n’occupez pas votre propriété, vous pouvez la louer à des touristes, générant ainsi un revenu complémentaire.
Tax benefits under the CONFOTUR law
The CONFOTUR law is a government initiative that offers significant tax advantages to tourism real estate investors. CONFOTUR-approved properties benefit from transfer tax and property tax exemptions for a period of 10 to 15 years, considerably reducing purchase and ownership costs.
The best regions for buying real estate in the Dominican Republic
Bayahibe – Dominicus (Caribbean coast)
An idyllic setting
The Bayahibe – Dominicus region,located on the Caribbean coast, is renowned for its magnificent beaches and crystal-clear waters. Its calm waters, rich in marine life, make it a popular destination for diving enthusiasts. Bayahibe is an old fishing village that has retained its charm while developing into a leading tourist destination.
Real estate opportunities
Investors will find a variety of properties in Bayahibe and Dominicus, from villas on the beach to apartments in luxury residences. The proximity of La Romana and Punta Cana, as well as the well-developed tourist infrastructure, make this a strategic location for real estate investment.
Punta Cana (Atlantic coast)
A dynamic tourist center
Punta Cana is one of the most popular regions in the Dominican Republic. With its international airport, numerous beaches and leisure activities, Punta Cana attracts tourists from all over the world. The region enjoys a dry, sunny climate, ideal for enjoying the sea and numerous golf facilities.
Investment opportunities
Investors can choose from a wide range of properties in Punta Cana, from beachfront apartments to villas set on renowned golf courses. Rental demand is high throughout the year, making it an excellent choice for those wishing to make the most of their investment.
Las Terrenas
Assets of the region
Las Terrenas, located on the Samaná peninsula, is a popular destination for its bohemian ambience and idyllic coconut-fringed beaches. This fishing village has preserved its authentic charm while offering a modern infrastructure. The turquoise waters and lively nightlife attract an international clientele, creating a unique cultural mix.
Investment opportunities
Las Terrenas offers a variety of investment opportunities, from luxury villas to beachfront apartments. The region is particularly investment-friendly thanks to its appeal to travelers seeking authentic, sustainable experiences. Its proximity to El Catey international airport also facilitates access for foreign visitors and investors.
Purchasing steps
Property search and selection
The first step to buying real estate in the Dominican Republic is to search for and select the right property for your needs and budget. Working with a local real estate agency, such as Perez Real Estate, can greatly facilitate this process by providing expert advice and presenting you with quality properties.
Financing and associated costs
Financing options
Buyers can finance their purchase with local or international mortgages. Dominican banks offer various loan options to foreigners, although proof of stable income and a good credit rating are often required.
Purchase costs
Purchase costs generally include a transfer tax of 3% of the property’s value, as well as legal and notarial fees. However, properties under the CONFOTUR law benefit from tax exemptions that can considerably reduce these costs.
Expatriating to the Dominican Republic
Preparing for expatriation
Visa and residence permit
Future residents will need to obtain a residence visa. There are several types of visa, including work, retirement and investor visas, each with specific criteria and benefits.
Housing and integration
Finding accommodation before moving is essential. Many expatriates opt for a temporary rental before buying a property. Integrating into the local community can be made easier by learning Spanish and taking part in local activities.
Advantages of buying real estate in the Dominican Republic
Profitability and growth opportunities
Real estate in the Dominican Republic offers attractive potential for profitability. Prices are still relatively low, but growing demand and ongoing tourism developments suggest a future appreciation in real estate values.
Lifestyle and climate
The tropical climate and relaxing living environment are significant advantages for people used to long, cold winters. The opportunity to enjoy the beaches, outdoor activities and local culture makes it a real pleasure to be here. expatriation particularly attractive.
Perez Real Estate’s support for your purchase in the Dominican Republic
Local expertise
Our real estate agency, Perez Real Estate, has in-depth knowledge of the real estate market in the Dominican Republic. Our team of experts will guide you through every step of your purchase in the Dominican Republic, from finding the ideal property to finalizing your purchase.
Personalized service
Perez Real Estate offers you a personalized service tailored to your specific needs. Whether you’re looking for a seaside villa, an apartment in a gated community or an Confotur approved property they’ll help you find the property that perfectly matches your criteria.
Legal and financial assistance
Perez Real Estate can help you understand the tax advantages of buying in the Dominican Republic and help you make the most of your investment.
Rental management
If you want to make the most of your purchase in the Dominican Republic, we offer a rental management service..
On s’occupe de tout, de la publicité de votre bien à la gestion des réservations et de l’entretien, vous permettant de profiter des revenus locatifs sans tracas.
