• Average asking price $1,703,219
  • % + or - average Caribbean property price -32%
  • Property price range $86,000 - $13,000,000
  • Average price per sq ft $284
  • Annual tourist arrivals 6,558,982
  • % change in annual tourist arrivals +6.4%

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.

 

Areas

Azua

Discover Azua – Read our Guide to Azua Real Estate.

Bavaro

Discover Bavaro – Read our Guide to Bavaro Real Estate.

Bayahibe

Discover Bayahibe – Read our Guide to Bayahibe Real Estate.

Cabarete

Discover Cabarete – Read our Guide to Cabarete Real Estate.

Cabrera

Discover Cabrera – Read our Guide to Cabrera Real Estate.

Cap Cana

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.

Juan Dolio

Discover Juan Dolio – Read our Guide to Juan Dolio Real Estate.

La Romana

Discover La Romana – Read our Guide to La Romana Real Estate.

Las Terrenas

Discover Las Terrenas – Read our Guide to Las Terrenas Real Estate.

Miches

Discover Miches – Read our Guide to Miches Real Estate.

Monte Cristi

Discover Monte Cristi – Read our Guide to Monte Cristi Real Estate.

Playa Grande

Discover Playa Grande – Read our Guide to Playa Grande Real Estate.

Puerto Plata

Discover Puerto Plata – Read our Guide to Puerto Plata Real Estate.

Punta Cana

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.

Samana

Discover Samana – Read our Guide to Samana Real Estate.

Santo Domingo

Discover Santo Domingo – Read our Guide to Santo Domingo Real Estate.

Sosua

Discover Sosua – Read our Guide to Sosua Real Estate.

Zona Colonial

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.

 

Getting There

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

Local weather

21° Precipitacion0.06%
Wed 20° | 27°
Thu 19° | 26°
Fri 20° | 27°
Sat 20° | 29°
Sun 18° | 28°
Mon 18° | 28°
Tue 18° | 26°

Local time

2:50AM Wednesday 18th Jul 2018 (AST)
Wed 20° | 27°
Thu 19° | 26°
Fri 20° | 27°
Sat 20° | 29°
Sun 18° | 28°
Mon 18° | 28°
Tue 18° | 26°

Fast facts

  • Population 9,980,243
  • Capital Santo Domingo
  • Language Spanish
  • Currency Dominican Peso
  • Time zone GMT-4 | ET