Set Your Sights on Santiago

Posted on by Michael Bastin

Set your sights on Santiago real estate if you are shopping for a home, buying or starting a business, a working farm or land for development.

Santiago Sunset

Sunset

Why? Because Santiago is the thriving heart of the industrial and agricultural sectors of the Dominican Republic’s economy.

Santiago de los Caballeros, its full name, is the second largest city in the country with a population of about 1,000,000. It is in the Cibao Valley where most of the island’s produce is grown.

If you are considering buying Dominican Republic real estate, particularly for industrial and trade purposes, opportunity abounds in the city’s three “free trade” zones where factories make hundreds of thousands of garments a week for large U.S. chains like Walmart and Sears. For distribution, Santiago is close to two ports and three major international airports.

A great variety of Santiago property are for sale from buildings in the historic districts to homes in the nearby hills and to farms across the valley, one of the most productive in the West Indies and considered the bread basket of the Caribbean.

Rice flelds, Santiago, Dominican Republic

Rice fields in the Cibao Valley

Its main agricultural product is cigars and growing tobacco. Commercial farms are available to grow everything from tomatoes to cucumbers to pineapples and bananas.

The Dominican Republic is the world’s largest exporter of organic produce, particularly bananas, cocoa, coconut and, oddly enough, eggplant. There is plenty of room to participate in this form of agriculture because it already has its marketing channels and a growing demand.

It has several historic districts, as it should be for a 509-year-old city. There are five museums, a plethora and variety of quality restaurants, nightspots and the best discos in the country. Outdoor activities abound in nearby mountains and at beaches that are an hour’s drive north.

More information about Santiago de los Caballeros