Dominican Republic Real Estate


Dominican Republic Real Estate

Over the last two years the Dominican Republic Real Estate market has suffered, as with all Caribbean destinations.

 

However, this island, in particular the North Coast, which includes the popular towns of Sosúa and Cabarete, has found it easier to come back. 

 

This part of the world has always been well priced when compared to its other island neighbours in offering value for money and a low cost lifestyle.

 

Recent months have shown a steady stream of Expats from Mexico, Miami and South and North America visiting the Dominican Republic to start their search for new homes.

 

Low cost health insurance, well-priced properties and a simple lifestyle have made Cabarete and Sosúa a popular choice for those who have noticed rising prices and worrying trends in crime levels in their own areas.

 

Naturally markets move on and plenty of deals are available now with many people reconsidering their options and lowering prices to attract buyers.

 

Investors are finding that the year round holiday market has pinpointed the north coast as a great pull for water-sport enthusiasts, and offer the investor good returns on beachfront condos, with a year round rental potential.

 

New high specification build in the newest of condos add sophistication to an area of natural beauty which in the past has suffered a little in condo and home design.

 

Older character properties offer good pricing and a wealth of new finishes available for those happy to look for a refurbishment project.

 

Nowadays owner financing and guaranteed rental return is becoming available throughout villa and condo listings with an area which covers both the coastal and hillsides homes.

 

West Indies Real Estate works hand in hand with all the major developers in the area and can see a steady increase in the return to building on site of new communities, which had slowed down over the last two years.

 

Frontline developments such as Harmony, Millennium and Watermark have completed over the last few months, with new developments such as Gran Cabanna and Novus Mare now being in the final stages.

 

The future looks very bright for this part of the World and with a stable Government keen to encourage foreign investment and new homeowners, the Dominican Republic will continue with its continued growth.

Listing# C-3320

Price US$ 42,600

Location
Lot size
House size
Bedrm.
Baths
Sosua
38 m2/ 408 ft2
0
1
Commercial spaces located in a well-known building on the main highway in...

Listing# L-3964

Price US$ 59,375

Sold
Location
Lot size
House size
Bedrm.
Baths
Sosua
2,199 m2/ 0,54 acre
0
0
This large, a little over half an acre, lot is located only a...

Listing# A-4044

Price US$ 67,500

Location
Lot size
House size
Bedrm.
Baths
Sosua
39 m2/ 420 ft.sq.
1
1
This affordable 39 m2. condo is conveniently located in the center of...

Listing# L-3987

Price US$ 70,000

Location
Lot size
House size
Bedrm.
Baths
Sosua
500 m2/ 0.12 acre
0
0
This lot is located on one of the main streets in Sosua,...

Listing# 3649

Price US$ 99,000

Location
Lot size
House size
Bedrm.
Baths
Cofres
5365 m2 / 57749 ft2
0
0
Lot in excellent location to build a large residence or a small...

Listing# L-4056

Price US$ 112,500

Sold
Location
Lot size
House size
Bedrm.
Baths
Sosua
978.35 m2
0
0
Rectangular, flat building lot within a desired beachfront community Perla Marina between...
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