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 has firmly cemented its position as the Caribbean’s top tourism destination and largest economy. Driven by the booming tourism sector, a robust economy and major infrastructure investments, investing in Dominican properties has become popular with international second home buyers too and the Dominican Republic real estate market has grown considerably in recent years.
Popular areas include Punta Cana and La Romana on the eastern and south-eastern coasts, Las Terrenas in Samana and Cabarete in Puerto Plata, where international buyers have snapped up thousands of beachfront condos and villas.
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 an average of 7.1% during 2014-2016.
Search our Dominican Republic Real Estate Listings
As specialists in luxury Caribbean property, we can introduce you to a wide selection of the finest residential property, land for sale and commercial real estate in the Dominican Republic.
Our agents on island can offer unrivaled local insight into the market and the most desirable investment opportunities.
To discover your perfect property in the Dominican Republic, search our Dominican Republic real estate listings.
Discover Azua – Read our Guide to Azua Real Estate.
Discover Bavaro – Read our Guide to Bavaro Real Estate.
Discover Bayahibe – Read our Guide to Bayahibe Real Estate.
Cabarete & Puerto Plata
Discover Cabarete & Puerto Plata – Read our Guide to Cabarete & Puerto Plata Real Estate.
Discover Cabrera – Read our Guide to Cabrera 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 Juan Dolio – Read our Guide to Juan Dolio 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 Miches – Read our Guide to Miches Real Estate.
Discover Monte Cristi – Read our Guide to Monte Cristi Real Estate.
Discover Playa Grande – Read our Guide to Playa Grande Real Estate.
Discover Punta Cana – Read our Guide to Punta Cana Real Estate.
Río San Juan
Discover Río San Juan – Read our Guide to Río San Juan Real Estate.
Discover Samana – Read our Guide to Samana Real Estate.
Discover Santo Domingo – Read our Guide to Santo Domingo Real Estate.
Discover Zona Colonial – Read our Guide to Zona Colonial Real Estate.
Buying 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