Discover the Best Places to Buy Property in the Dominican Republic
Are you thinking of buying property in the Dominican Republic? With one of the fastest-growing economies in the Latin America and Caribbean region, long powder-soft white sand beaches fringed by swaying palm trees, crystalline waters, emerald green rainforest-covered mountains and cascading waterfalls to explore, the Dominican Republic is not only the most popular tourist destination in the Caribbean but is also home to one of the most vibrant second homes markets in the region. Overseas buyers flock to the country to buy homes for sale in the Dominican Republic and condos for sale in the Dominican Republic. So, for international investors considering acquiring real estate in the country, we shine a light on some of the best places to buy property in the Dominican Republic.
1. Punta Cana, Cap Cana & Bavaro
Hugging the eastern coast of the Dominican Republic, Punta Cana is the most popular destination in the country. The Punta Cana area is home to the country’s busiest airport (Punta Cana International Airport) which makes it extremely accessible from North, Central and South America as well as from Europe. Two large, prestigious master-planned resort and residential communities (Punta Cana and Cap Cana) offer a range of real estate investment opportunities. Both communities feature new construction and resale villas and condos for sale, invariably offering stunning golf course or sea views. Properties are available from luxury villas at the top end of the market through to more modestly priced apartments. As the area has grown in popularity, tourism and real estate development are ongoing in Punta Cana and Cap Cana and has also spread to nearby Bavaro where several new apartment complexes and condo-hotel developments offer investment opportunities by the beach with entry-level prices at a more affordable level. As the leading tourist destination in the country with a seemingly neverending flow of overseas visitors, condos for sale in Punta Cana are a great option for investors looking to generate a significant Return on Investment via the rental market.
Discover: Property for sale in Punta Cana
2. La Romana
Home to one of the most established resort and residential communities in the country, La Romana – located on the southern coast of the Dominican Republic between Punta Cana to the east and Santo Domingo to the west – is one of the traditional go-to destinations for high end tourists and property buyers looking to be surrounded by some of the prettiest beaches in the country, world-class golf courses and a full service marina. Some of the country’s most luxurious homes can be found at Casa de Campo in La Romana, while more affordable beachfront condos are available at new developments in locations such as Playa Nueva Romana.
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3. Cabarete, Sosua and Puerto Plata
Situated on the northern coast of the country, the Puerto Plata region is where tourism was first established in the Dominican Republic. Considered one of the world’s best windsurfing and kitesurfing destinations, the coastal towns of Cabarete and Sosua remain popular with many buyers drawn to the golden sand beaches and the call of the ocean. Luxury homes and lots are available in oceanfront resort communities while condos and apartments can be purchased at beachfront complexes along the coast and nestled into the hills.
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4. Santo Domingo
Santo Domingo, the capital of the Dominican Republic, was once barely on the radar of overseas property investors. As the economy has achieved consistent growth over recent years, the city has seen investment pour into infrastructure improvements and new construction condominium developments. Many of the new developments are targeted at the city’s burgeoning middle class which offers the potential for generating a significant return on investment as rental units. As the country’s tourism sector has grown and diversified, areas such as Santo Domingo’s ‘Zona Colonial’ (the historic Colonial Zone) have also benefited from significant investment and emerged as a new cultural attractions. This growth in tourism has opened up new property investment opportunities to shrewd buyers such as opportunities to invest in short-term rental units and hotel suites in new condo-hotels in Santo Domingo.
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5. Las Terrenas, Samana
If you’re looking for a little slice of heaven with long-term potential, look no further than Las Terrenas in the Province of Samana on the northern coast of the Dominican Republic. Tranquil and stunningly beautiful, Las Terrenas is a stark contrast to the Punta Cana area. You will find none of the large all-inclusive resorts which dominate Punta Cana. In their place you will discover a stunningly beautiful, cosmopolitan destination with a small-town, laidback feel. Las Terrenas has a large expat community, a large proportion of whom are from European countries such as France, Germany and Italy. Tropical-style beach houses and apartments boast idyllic views of the stunning, quiet beaches such as Playa Coson, Playa Bonita and Playa Punta Popy. Other options include nearby towns such as El Portillo and Santa Barbara de Samana where some new development is underway – ideal for buyers in search of a private bolthole to get away from it all.
Discover: Property for sale in Las Terrenas
Finding Your Perfect Property in the Dominican Republic
So, where is the best place to buy property in the Dominican Republic? Well, that depends on your preferences, but, whether you’re looking for a quiet beach retreat away from the crowds or a city pad close to the action in the capital, there are plenty of options to consider from across the country.
To find out more and to begin your search for property for sale in the Dominican Republic, contact 7th Heaven Properties, the Luxury Caribbean Property Specialist.
To discover more, explore Dominican Republic real estate on our website and find your perfect property in the Dominican Republic with 7th Heaven Properties.