Is the Dominican Republic a good place to invest? Here are 3 reasons to do so.

Publicado por Jonathan Méndez

Is it safe to invest in Dominican Republic? This is a question we hear all the time from people interested in Real Estate investments. Certainly, the Real Estate market of the Dominican Republic has come to the spotlight in recent years, experiencing a rapid growth that attracts both local and international investors.

At the risk of giving a biased perspective because this is the country we live in, we have to say that there is definitely a lot of potential when it comes to buying Real Estate in this country and here we want to share with you 3 reasons why you should call an agent and buy right now:

1-     Stable economy with constant growth.

According to statements from the World Bank, in the last two decades the Dominican Republic has been one of the fastest growing economies in the region due to a combination of market-oriented structural reforms in the early 1990’s, along with external favorable conditions that supported economic growth. Also, in terms of political stability, the country has experienced a long and uninterrupted political order characterized by an electoral and democratic steadiness that has created an even more trustworthy environment for investors.

2-     Tax exemptions for investment in Real Estate in touristic areas.

Through the creation of the Confotur law No. 158-01 to foster the development of touristic areas throughout the country, buyers benefit from a 15-year tax exemption period, along with better pricing in the property market, as long as the property or project in which they are interested has filed a request for that law to be applied onto their project. In most cases, developers of these types of real estate in touristic areas offer this advantage in their projects.     

3-     Very good Return On Investment (ROI)

Due to the ever-growing tourist occupancy rates in the country, real estate investments, especially those in touristic areas, experience high returns on investment (ROI), with rates that range between 6 and 12% annually by renting out your property. Even if you chose to buy real estate to live here instead, your property will experience a value appreciation, especially around Punta Cana, which is experiencing tremendous economic growth.

There you have it. Dominican Republic is nowadays one of the most important touristic destinations of the world and everybody is talking about it. Reach out to us if you want to know how you can benefit from investing here.