Buying Real-Estate in the Dominican Republic

With its golden and white sand beaches fringed byschools catering to the influx of expats have sprung
lush tropical vegetation and an average year-roundup making 'moving to the Caribbean' for families a
temperature of 25° Celsius, the Dominicanrealistic option.
Republic beckons travellers; for here amongst its coolThe native language in Dominican Republic is Spanish
breezes can be found sport, geography and nightlifebut English, French, Italian and German are also widely
to suit any lifestyle.spoken. A booming economy, which has experienced
The north coast of the Dominican Republic boastsexplosive growth in the last twenty years, makes
the hip, youthful atmosphere of Cabarete. Borderedthe Dominican Republic home to one of the most
by both a sunny beach and a peaceful lagoon,politically and socially stable governments in the
Cabarete offers windsurfing and kite boarding as wellregion. Gambling is legal all over the Dominican
as scuba diving and mountain biking. The night comesRepublic. Seven international airports make air travel
alive with a wide assortment of restaurants andconvenient. Miami Beach is only three and a half hours
clubs. This modern, sun drenched city is easilyaway by plane and the UK only eight hours and well
accessible from the Puerto Plata International Airport,served by chartered flights.
which is only twenty minutes away.A brief visit may encourage a more permanent
In contrast to Cabarete, life in Puerto Plata has areturn. Real-estate for rent and real-estate for sale
slower pace, making it the perfect locale to kick backare abundant. The starting price range for a newly
and relax. The city is home to several tourist resorts,built luxury property may be as little as $70 per
but the all-inclusive nature of the resorts means theresquare foot. Villas, apartments and condos are
is little overflow of tourists into the residential areasavailable in all price ranges and there are many
of the city. Santiago, the second largest city in thereal-estate agents who can assist in finding property
Dominican Republic, nests in the island's interior.for sale.
World-class restaurants with well stocked wine cellarsForeigners may buy or sell real-estate at will and
can be found in number along Santiago's cosmopolitanclosing costs on a cash transaction may be as little as
streets. The nation's capital, Santo Domingo, lies onsix percent. A home owner may choose to reside in
the south coast. La Romana, home to two 18-holethe Dominican Republic only part of the year and rent
championship golf courses, sits on the south coast ashis/her property out the rest of the year. In that
well.case, rental income is tax free.
In between Cabarete and Puerto Plata is the popularFor more information on buying real-estate in the
town of Sosua, with it's friendly Dominican and expatDominican Republic, visit Dominican Real-Estate and
community. Real-estate here is destined to rocket inDominican Property. For more general information on
price as outsiders realise how undervalued it is. Newthe Dominican Republic, visit Dominican Republic Index.