Below we give the answers to some of the most common queries we receive from potential buyers in the Dominican Republic.
Yes, freehold ownership is unrestricted on property in the Dominican Republic and foreign buyers will come up against no significant restrictions.
The Dominican Republic is re-gaining popularity as a stunning holiday destination. It offers the same dream-like luxuries as many other Caribbean destinations but for now, property prices remain at a fraction of the cost. The fact that the Dominican is the largest of all the islands adds to its interest and variety and many people favour its unique Afro/Hispanic vibe.
The Dominican Republic is keen to attract foreign investment, offering tax incentives and a solid economic climate in which to invest in real estate. Air access is easy via direct flights from many major European cities as well as the USA and Canada. With much of the island undergoing development to supply an unequaled demand for holiday homes, many buyers are acting now, while prices are so low.
Affordability and a solid, growing economy, make property in the Dominican Republic a potentially strong Caribbean investment. Financial assistance from the World Bank, the Inter American Development Bank and the EU give the country the backing it needs to be the fastest growing economy in Latin America. Tourism now forms the largest sector in the Dominican economy.
Politically, the Dominican Republic has been a stable representative democracy for several decades. Reflecting the USA system, the president is elected every four years as both head of state and head of government. Political stability has lent itself well to economic growth, in particular within its booming tourist industry.
Direct charter flights go to the Dominican Republic from Canada and most European airports, including Madrid (MAD and Paris (CDG), with journey time from the UK totaling approximately 10 hours. Flights from the USA leave New York, Fort Lauderdale, Miami, Philadelphia, San Juan, Atlanta and Charlotte.
Approximately 9½ hours
Upon arrival, you will be charged USD 10 for a tourist card, which can also be paid in Euros only. Remember, there will also be a departure tax of USD 20 in cash, payable on most charter and some scheduled flights - your airline should give you full details.
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