Quality of life
The Dominican Republic has been one of the most popular destinations in the Caribbean for many years. Due to its exceptional climate throughout the year and the quality of life that one finds there, more and more people invest and stay a few months a year in the Dominican Republic.
Thanks to the international airports in 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 think. Come enjoy its wonderful beaches and beautiful weather.
Property prices in the Dominican Republic, much lower than in North America or Europe, will allow you to enjoy 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 you.
Quality of life
Choosing the Dominican Republic is also improving your quality of life. Enjoy a low cost of living to give you a nice extra in a warm sunny climate. Here you can take advantage of all the tropical fruits, fresh fish and much more. In addition, the cost of labor, taxes, energy… is very cheap.
Cost effectiveness
Pleasure or profitability? And why not both! When you do not occupy your house, you can make it profitable by renting it. The Dominican Republic is no longer just an all-inclusive hotel destination, but has also become a destination where people rent. Many agencies take care of renting accommodation throughout the year.
Investment
The still low real estate prices and the growing interest of both Dominican and foreign clients, herald real estate growth for the coming years, making Dominican property an excellent investment. In addition, the annual real estate tax is only 1% on the excess value of RD$ 8,138,353 of the estate.
Bayahibe – Dominicus (Caribbean Coast)
The Bayahibe – Dominicus area located on the Caribbean coast, near the city of La Romana in the southeast, is only 45 minutes from Punta Cana. The most beautiful beaches in the country are found in this region. In addition, the calm and crystal clear waters of the Caribbean Sea make it a popular destination for diving enthusiasts. Bayahibe is an old fishing village with colorful houses that is becoming an increasingly popular tourist destination. This is where all the boats leave for the island of Saona. Dominicus Americanus is a quieter and greener tourist complex 5 km from Bayahibe, bordering the Parque Nacional del Este. Here you will find residences surrounded by lush gardens and luxury hotels, all on the edge of the wonderful Dominicus beach.
Punta Cana (Atlantic Coast)
The Punta Cana region, in the extreme east of the country, enjoys a relatively dry and sunny climate throughout the year. Bordered by the Atlantic Ocean, this region enjoys a sea breeze coming from the sea. The beaches are very nice, but the waters are rougher than on the Craïbe coast. Here golf lovers will be in paradise. Many golf courses have emerged in Punta Cana in recent years, from Cap Cana in the south to Bávaro in the north. Punta Cana also has its own international airport. Punta Cana has a wide range of entertainment activities such as water parks, adventure parks, nightclubs, numerous bars and restaurants, shopping centers… Punta Cana has everything so you can spend wonderful vacations or just rest in a perfect environment.
Purchase without the Confotur Law
The purchase costs in the Dominican Republic are 3% of the value of the property purchased. To this are added the legal costs for the constitution of the purchase contract, either by a lawyer or by the bank when there is mortgage financing. Fees may vary based on loan amount or attorney. However, these fees are not very high and are known before the purchase. Count from US$100 up to US$1,000 depending on the value of the property purchased and the loan.
Property under the Law of Confotour
When it comes to a real estate purchase under the Confotur Law, there is 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 fees for a possible mortgage loan are due.
Examples
$100,000 Apartment
$200,000 Apartment
examples
$100,000 Apartment
$200,000 Apartment