Top Apartments for Sale

The Dominican Republic is the most visited country in the Caribbean, famous for its pristine beaches. The north coast is one of the best places for windsurfing and kiteboarding. The country boasts a dynamic terrain with mountains, valleys and a diverse and well-preserved ecosystem. The nation contains some of the largest national parks within the Caribbean with over 10% of the country dedicated to scientific research and national parks.

The country attracts more than 6.5 million tourists every year and is well-connected to the international flight routes. It is the fastest-growing economy in Latin America and provides tax incentives for international investors. Apart from these, the country is also politically stable and doesn’t witness many riots or political struggles. These factors make the country a dream place to live in and that’s why so many people from around the world are investing in property all around the Dominican Republic.

 

 Major attractions in the country are Punta Cana, known for its long stretches of clear water beaches. La Romana, known for its diverse activities like tennis, polo, golfing, coral reefs and wrecked ship diving. Santo Domingo, the capital of the Dominican Republic and one of the oldest cities in the Caribbean.

Foreign citizens are allowed to purchase apartments that are for sale, with the same rights as the Dominican citizen. Foreign investments are also encouraged with incentives. Foreign buyers get a 50% exemption from property tax and mortgages if the creditors are financial institutions regulated by the Dominican financial monetary law.  

The process of buying an apartment in the Dominican Republic starts with a “Contract of Sale” which is signed by both parties and requires the buyer to pay 10% of the price to secure the property. The lawyer will take care of the title search and obtaining important documents from the seller. After the deal is finalised and the payment is made, it will take typically something between 30-45 days for the property to become in the new owner’s name.