Overview – The Dominican Republic Real Estate Market
With thousands of miles of Caribbean beaches, stunning mountains and 30,000 square miles of lush, tropical islands to explore, the Dominican Republic is the Caribbean’s top tourist destination. The country has become popular with property buyers too and the Dominican Republic real estate market has grown considerably in recent years.
Home buyers are drawn not only to the beaches, but to the first-class facilities and wide range of attractions, including high quality hotels and resorts, championship golf courses, spas, shopping and marinas. The country also offers political and economic stability. The Dominican Republic has the fastest growing economy in the Latin America and Caribbean region – its economy grew by 6.6% in 2015.
As specialists in luxury Caribbean property, we can introduce you to the finest luxury homes and beachfront condos, land for sale and commercial real estate in the Dominican Republic, including Punta Cana, La Romana, Las Terrenas and Samana in the east and south-east of the island, as well as Sosua and Cabarete on the northern coast. Our agents on the ground in the Dominican Republic offer unrivalled local insight into the real estate market and the most desirable investment opportunities.
Discover Azua – Read our Guide to Azua Real Estate.
Cabarete & Puerto Plata
Discover Cabarete & Puerto Plata – Read our Guide to Cabarete & Puerto Plata Real Estate.
Discover Cap Cana – Read our Guide to Cap Cana Real Estate.
Casa de Campo
Discover Casa de Campo – Read our Guide to Casa de Campo Real Estate.
Jamao & Espaillat
Discover Jamao & Espaillat – Read our Guide to Jamao & Espaillat Real Estate.
Discover La Romana – Read our Guide to La Romana Real Estate.
Discover Las Terrenas – Read our Guide to Las Terrenas Real Estate.
Discover Monte Cristi – Read our Guide to Monte Cristi Real Estate.
Discover Punta Cana – Read our Guide to Punta Cana Real Estate.
Rio San Juan & Cabrera
Discover Rio San Juan & Cabrera – Read our Guide to Rio San Juan & Cabrera Real Estate.
Discover Samana – Read our Guide to Samana Real Estate.
Discover Santo Domingo – Read our Guide to Santo Domingo Real Estate.
How to Buy Property in the Dominican Republic
There are no restrictions on foreign buyers acquiring real estate in the Dominican Republic. Title can be held in the name of an individual or corporation.
Upon signing a Purchase Agreement, you will be required to pay a 10% deposit which is held in escrow. A notary oversees the purchase process which typically takes 6-8 weeks to close.
There is a Transfer Tax of 4.48% and Stamp Duty.
Property Tax is 1% of the assessed value of the land and home.
Property owners with an income of at least $2,000 per month who invest a minimum of $200,000 in Dominican Republic real estate can apply for “Investment Residency” through a 45 working day process – valid for 1 year. Thereafter, you can apply for “Investment Citizenship” or Permanent Residency.
Dominican Republic – Land for Sale
Purchasing a lot of land provides you with a blank canvas and the opportunity to build your dream home in the Dominican Republic.
Whether you are looking for beachfront land or a centrally located plot, we offer various lots of land for sale in the Dominican Republic.
For larger parcels of land for commercial development, please see our commercial real estate listings.
Saving on Your Purchase
You could save money when investing in Dominican Republic real estate by using a foreign exchange expert to get the best rate for your property purchase. We have partnered with Halo Financial, a specialist in foreign exchange, to help you get the best exchange rates when making one-off or regular international payments for a property purchase in the Dominican Republic. To see how you could save money, read more: Foreign Exchange.
There are direct flights to the Dominican Republic from the USA, Canada, Europe, South America and other Caribbean islands.
There are several international airports in the country, including in Santo Domingo, Punta Cana, Puerto Plata and La Romana.
Most international flights arrive at Punta Cana International Airport.
London Gatwick to Punta Cana: 8 hours 25 mins
Miami to Punta Cana: 2 hours 30 mins
Panama City to Punta Cana: 2 hours 35 mins
New York to Punta Cana: 4 hours 00 mins
Paris to Puerto Plata: 9 hours 30 mins
Toronto to Puerto Plata: 4 hours 10 mins