Santo Domingo: an investor's paradise

Santo Domingo: an investor's paradise

Immersed in the Caribbean, the Dominican Republic has been revalued by investors in the last three years, causing a sharp increase in population (only Santo Domingo has one million inhabitants).

 

                                                          

Thanks to US investments, especially in the real estate sector, it confirmed a continuum in the economic cycle, with an increase in real terms of 7% compared to 2017. Key element that strongly attracts foreign capital, is given by the so-called '' free zones '':

In the Dominican Republic there is a special regime (Law 8-90 and Implementing Regulation Decree No. 309- 2000) for companies of industrial goods or services. Among the various preferential tax benefits, it is worth noting the import duties of raw materials, the export or re-export tax, the value added tax and other taxes. What makes it possible to incentivize the real estate sector is the geographical position: Favorable location for access to European and American markets, offers the advantage of proximity to Haiti, with the opportunity to seize the opportunities associated with its reconstruction and logistics efficiency (center of the areas of North America, South America and Europe) with international agreements of preferential access to over 900 million consumers.

  

                                                               

But how much does it cost to live in this paradise? Let's start with the payment of property taxes. A purchase contract has a cost of about 15.000 / 20.000 RD $ with a notary's stamp and the taxes to be paid are 3% of the value stated in the contract, which is paid only once. The real estate market is booming. Costs for land purchases and labor are still low. And you can truly afford dream homes or villas that certainly the market not only Italian but also European does not allow. Not to mention the magnificent places. Having a house in the Dominican Republic allows you to move and visit Cuba, Panama, the Bahamas, Miami and other wonderful places in depth.

 

Here are the most beautiful and convenient places to move: Santo Domingo, capital of the Dominican Republic, is the first city to have been founded in the New World. The city also boasts the oldest cathedral in the Americas, the Catedral Primada de America, while the nearby Parque Colón, in addition to housing the statue of the famous Admiral, is the meeting point of the inhabitants of the area. A contract for the sale of a property in Santo Domingo starts at $ 120,000.

 

                                                        

On the coast, Amber Coast is one of the richest deposits of amber in the world. With 120km of beautiful beaches stretching east of Puerto Plata, it offers sales contracts starting at $ 360,000 for villas and luxury homes. Jarabacoa is defined as the '' Switzerland of the Tropics ''. The richest families own villas in this area equipped with every comfort. If you do not want to give up luxury, you can buy a house in Jarabacoa with 250,000 euros.

For every detail about the purchase of real estate in the Dominican Republic, you can visit this site.

Realigro blog

Taxation in the Canaries: tips to follow

Green Building less expensive than traditional: that's why it's convenient

Infectious investments: Mexico at the top

California: tips for a dream vacation

Santo Domingo: an investor's paradise

Investing in Greece: all you need to know

 

 

 

Related Insights

  •  
    Santo Domingo: an investor's paradise

    Santo Domingo: an investor's paradise Immersed in the Caribbean, the Dominican Republic has been revalued by investors in the last three years, causing a sharp increase in population (only Santo Domingo has one million inhabitants).                                                           ...

Real Estate Listings

Cod. 39602

For sale Development Property, Dominican Republic, La Romana, bayahibe, Carretera Bayahibe

5,000,000.00USD
For sale
Development Property

50800 m²
50,800 m2 lot for sale by owner.
Cod. 39405

For sale Other (Commercial), Dominican Republic, Santo Domingo, Santo Domingo, el toro finca

438,560.00USD
For sale
Other (Commercial)

10000 m²
bottling and mineral water bottling company located in the bull park, with 10,000 square meters of land guarding house and local analysis, 1000-square...
Newly built apartment, ground floor in residential area not completed, about 800 meters from the sea and from the center of Sosua.Massimo 2 people, a ...
Cod. 39203

For sale 3 Bedrooms, Dominican Republic, Nagua, Rio San Juan, CALLE DUARTE

65,447.79USD
For sale
3 Bedrooms

58 m²
It sells new elegant housing unit, with quality finishes and useful area of approximately 58sqm, composed of 2 bedrooms, 2 bathrooms, a living room-ki...
In the beautiful Caribbean island of Santo Domingo, in the brand new Playa Nueva Romana complex, in a modern, reserved and exclusive context, one sell...
Cod. 39164

For sale 3 Bedrooms, Dominican Republic, Santo Domingo, Los Minas, calle u=2 53A

Reserved negotiation
For sale
3 Bedrooms

90 m²
a few km from the sea and from the life of santo domingo, commercial center gumbo dela san vincente paul
PLAYA DOMINICUS OPPORTUNITY Apartment Tel. And WhatsApp 829 3971497 Apartment to restore, in the PEATONAL, almost opposite the entrance to the PAL...
Cod. 39102

For sale Warehouse/Barn, Dominican Republic, Puerto Plata, Sosua, Calle Pedro Clisante

330,000.00USD
For sale
Warehouse/Barn

900 m²
Commercial space on two floors with adjoining apartment for a total of approx. 900. In this room the owner is currently selling used clothing. Freeabl...
SANTO DOMINGO, DOMINICAN REPUBLIC, FOR SALE SINGLE VILLA IN A RESIDENTIAL AREA 1 KM FROM THE SEA, A MID-HOUR FROM THE AIRPORT AND ONLY ONE HALF HOUR F...
Cod. 38971

For sale Villa, Dominican Republic, La Romana, Casa de Campo, casa de campo

1,200,000.00USD
For sale
Villa

830 m²
A prestigious villa is sold complete with furnitur by private treaty. The villa is located in the exclusive Casa de Campo resort in La Romana (DR)
2005-2020 REALIGRO REAL ESTATE LTD. All Rights Reserved - VAT Nr: 893969932
Neikos Digital Agency
  1. Preferences

    For a better use of Realigro website, set your preferences for language, currency, square meters or sq ft.

    Set now Don't show again
BB