Dominican Republic Condo Market

Four compelling reasons to enter the Dominican Republic condo market this year!

Making any decision around buying real estate takes time and research. We understand the decision because we have been there. We often receive a wide variety of questions and queries around real estate buying and selling in general. However, one of the most common questions that often come to us is the value of buying condos in the Dominican Republic. Condos are a popular real estate choice in many areas of the world for reasons such as convenience and security. However, there are additional reasons that make buying a condo in the Dominican Republic a wise and solid investment.

Ocean One, Cabarete, Dominican Republic

Pool at Ocean One in Cabarete

1. With a high rental market, a condo is a fabulous investment to be used as both a short or long term rental property.

The quality of condo renters in areas with high international visitors such as the Dominican Republic is reassuring. Short term renters are most often families and/or couples that are simply looking for a safe and relaxing vacation destination. Many of those same visitors enjoy returning to the community time and again. Long term renters (commonly considered to be three to six months +) are quite often working professionals who are location independent. Many of them are homeowners in their own countries and are simply looking for an extended stay in a vibrant and exciting location. For those investors who are still working but want to have some place to return to consistently, renting a condo provides great peace of mind and return on investment.

Penthouse For Sale, Sosua Dominican Republic

Roof Terrace of Penthouse

2. Beach Front property is desirable and a condo affords that opportunity with the peace of mind of security and safety.

Living on the beach is a romantic ideal, but for many homeowners, the reality is that they need to carefully consider safety – especially if they are not on site full time. Condo properties on the north coast have 24-hour security and many of them have numerous security personnel throughout the property, ensuring peace of mind for residents. In particular, the Sosua and Cabarete areas have great infrastructure. This includes everything from great road, excellent private health care, and a consistent law enforcement presence available 24-7. Condo ownership allows for worry free experience anywhere, especially in the Dominican Republic. Each condo development that Select Caribbean Properties works with has established, trustworthy security and property management professionals. They understand the interests and concerns of condo owners and have a long history of happy residents and owners.

Select Caribbean Properties client, Dominican Republic

Happy clients and Sabine from Select Caribbean Properties

3. The Dominican Republic has been repeatedly cited as a hot market for real estate in the Caribbean.

The reasons for this are numerous, but the most popular aspects that are being pointed out is that property is still at an affordable market value. With a strong tourism industry and strengthening the economy, the Dominican Republic is gaining popularity as the world is taking notice of the potential.

4. The Dominican government welcomes international investors.

In fact, they go beyond welcoming them. A foreign investment law acted in December 1995 allows unlimited foreign investment in nearly all sectors of the economy. In 1997 the government established the Office of Investment Promotion (OPI) which is proving to be an important contact for potential investors. Today, twenty years later, we are seeing the fruits of those decisions as Cabarete, Sosua, and the surrounding area is continuing to grow, prosper and enjoy the benefits of being a vibrant community filled with friendly and outgoing residents.

Do you want to be one of them? Contact us today to discover the potential of becoming a condo owner in the Dominican Republic.

Dominican Republic Real Estate and Impressions of the Island

Enjoy this little journey of Dominican Republic Real Estate & Impressions which we put together for you.

Can you imagine how nice it would be to own a farm in the countryside of Jamao al Norte or a beachfront condo in Cabarete? How about a odern luxury villa in Samana, an apartment in Punta Cana, a lodge in Jarabacoa? There are so many wonderful possibilities!

A spot in Jamao al Norte can also become a business by turning it into a spa retreat, a boutique hotel, an eco-lodge/restaurant and much more options.

Or just to have your own little place on a hilltop with incredible mountain views and being able to enjoy nature everyday right outside your door.

If you are more of a beach kind of person we also have a great selection of beachfront condos and villas for you to choose from.

On our site, you will see a range of luxury villas and extraordinary penthouses to affordable apartments and fixed price homes.

Aside from existing homes, we also have lots and larger properties to build on, along with restaurants up for sale prepared to operate right away.

A space to retire to after long years of work, somewhere to find the peace within, a comfort zone away from home, your own property to live in and rent if you’d like from time to time, that is what we have for you here.

With us, you will receive a variety of choices where you can search Dominican Republic Real Estate & Impressions by pricing, a number of bedrooms or even by area of desire.

Experience living in the Caribbean by renting a place!

We also have many places that are available for rent, if you think that you would first like to live in the home a few days to get to know the area before actually committing to buy. This way you can experience the feel of the life you will have after purchasing.

If you are thinking of planning a vacation, then take a glance at our rental listings where we offer the best alternatives for your stay.

Contact us so we can help you find your dream home/vacation in the Caribbean.

I would love your thoughts on this too. Leave me a comment on my Facebook Page which is SelectCaribbean.

Click on the photos to see all the beautiful Dominican Republic Real Estate & Impressions.

 

One of these Beachfront Condos Could be Yours in Sosua, Dominican Republic!

Have you been looking for Dominican Republic beachfront condos?

These Beachfront Condominiums may be the ideal place for you to call home.

Located in Sosua, these Dominican Republic beachfront condos are situated in a beautiful development with many attractive features.

In particular, their location and accessibility give them a special advantage. Exclusive and tucked away, Hispaniola Condominiums offer privacy and a luxurious space while remaining close to all shops, restaurants, and major supermarkets.

This Dominican condominium development is ideally located for many reasons. As a recreational destination, Sosua on the north coast has great watersports and beaches. In addition to this, it also has a thriving community of friendly residents.

The international flavor of the community creates many ways to learn and grow. From dance classes to art and music lessons, there are always opportunities to get out and connect.

Are you looking for an affordable and safe place to relocate your family?

Within a five minute drive from these condos are three international schools. Each of these schools offers exceptional education for children from pre-school to high school and beyond.

If you take a ten-minute drive to the east you will find kiteboarding, surfing, sailing and other adventure sports in Cabarete. Ten minutes to the west is the Puerto Plata international airport.

In addition to all of this, Sosua offers peace of mind for private health care. For example, a well respected private hospital is only a two-minute drive away. The surrounding community is filled with professional services that are second to none.

Prices for beachfront condo units at Hispaniola start at US$ 239,000 for a 162 square meter condo (1742 square ft). This includes 2 bedrooms and 2.5 bathrooms within a beautifully appointed interior living space. The entire property is meticulously maintained.

Whether you are looking for an investment property, a retirement location or a secure and peaceful family condo, Hispaniola can meet your needs. Read here the four compelling reasons to enter the Dominican Republic condo market this year.

In addition to all of this, financing is available.

  • 50% down payment at signing contract
  • 50% for 5 years at 9% annual

Contact us today and let us help you find the beachfront condo you have has been dreaming about!

Aerial view of condo development in Sosua

Hispaniola Beach Condominiums in Sosua

Pool at Hispaniola Beach Sosua DR

Pool area at Beachfront Condos

Night atmosphere at Hispaniola Beach

Outdoor sitting area at Hispaniola Beach

Pool and new condo buildings at Hispaniola Beach Sosua

New Building and pool Hispaniola Beach Sosua

Living Room in one of the condos

Living Room Hispaniola Beach Sosua

Kitchen model

Kitchen of one of the condos at Hispaniola Beach in Sosua

Common pool area

Pool at Hispaniola Beach Sosua