Dominican homes are becoming a very popular investment for retirees and vacation home owners. Dominican real estate is appealing in terms of price and the natural beauty of the island! If you are in search of a tropical island getaway retreat don’t overlook the Dominican homes and new Dominican real estate communities.
Owning A Dominican Home…
- Residency is not a requirement to buy and own a Dominican home!
- The right to own private property is guaranteed and recognized by the government
- No restrictions on foreigners inheriting real estate and obtaining the property title in Sosua!
- You can either put the Dominican home in your personal name or form a Dominican company!
- Payment for Dominican real estate is generally made by wire transfer to a notary account (your attorney). When the title is verified and the contract is signed by both parties the seller receives payment.
- Closing costs are about 6% of the purchase price. There is a one-time transfer tax of approximately 5% of the purchase price and the lawyer’s fees are an additional 1-2% of the purchase price.
- Dominican property ownership information is maintained regionally in the recorder’s office, title registrar’s office or land court.
FEATURED DOMINICAN REAL ESTATE DEVELOPMENTS…
Angsana Samana Bay – Angsana Samaná Bay, the first five-star luxury beachfront development in Samaná Bay.
Cape Cana – Cap Cana is very exclusive and has attracted contributions from international investors and strategic partners such as Ritz-Carlton, Sotogrande, Donald Trump and many others.
Costa Blanca – For those who have the foresight to recognize an amazing Dominican real estate investment opportunity and the wisdom to take advantage of a rewarding style of living, Costablanca is the sophisticated choice!
Ocean Star Estates – There is a beautiful Dominican Republic development offering Caribbean land with amazing ocean views starting at $49,900!
Palmera de Cabarete – Discover your Dominican home surrounded by heart-pounding adventure, never-ending family activities, opportunity to explore new worlds and a tremendous investment opportunity that exists right now!
Punta Cana Resort & Club – PUNTACANA Resort & Club consists of over 15,000 acres of Dominican Republic luxury and includes three residential real estate communities.
Roco Ki – Discover the many Roco Ki features and Dominican home neighborhoods where each residence and view is refreshingly different!
