Dominican Republic & Buying Property ThereWelcome to REMAX Tropical in Punta Cana Dominican Republic where we Believe in a Commitment to Responsible Service so that our Clients Accomplish their Goals and Dreams. If you decide to live on the eastern coast in Punta Cana, a $1,000 budget might include $330 for a nice one-bedroom apartment in a neighborhood outside the city center, $200 for groceries, $150 for utilities, Internet and cellphone service, including moderate air conditioning, $125 for household and personal items, and $35 for transportation.
Some of the most desirable residential areas are in tourist hot spots such as the capital, Santo Domingo, and the areas on the country's beautiful Atlantic coast, such as the tourist towns of Sosua and Cabarete, the peninsula of Samaná, and Puerto Plata.
To start discovering this beautiful island you can star at the north of Samana, where you'll find Las Terrenas and Las Galeras, then to Cabarete, Sosua and Puerto Plata, from there you can go to Santiago and La Vega, next you can climb the highest mountain El Pico Duarte (3087 m high), afterwards explore the town of Jarabacoa, last but not least you come to Santo Domingo.
DR Coastal Properties (Dominican Republic Coastal Properties) throughout the years, through our commitment to honesty, integrity, and service, have built strong and trustworthy relationships between our clients, both buyers and sellers, allowing us to provide the best properties at the best prices.
A hotel guest will likely never know that the hotel has multiple owners because the property is operated just like a traditional hotel and often under the management of a well-known hotel company like Hilton, Hyatt, Starwood, Trump or W. Also, each of the individual condo hotel units will look identical in design and décor to every other, just as they would in a traditional hotel.
This 11 room boutique hotel property is a tropical paradise prime tourist district, within 5 minutes of everything, and offers an incoming www.dr-luxuryrealestate.com owner a growing source of income, easy operations of rooms with a bar and grill business, and the opportunity for growth if desired.
Mortgages are available from the banks in the DR, albeit with anywhere from 20 to 30 percent as a down payment and adjustable interest rates ranging from about 9 percent on the low end up to maybe 15 percent or so. However, even with those kind of borrowing requirements, there is an active local real estate sector in the country which should tell you something.
Cabarete Real Estate established in 2003, is a reputable and established real estate company if you are considering investing in the Dominican Republic. The Dominican Republic Real Estate island real estate listings found here for the Dominican Republic includes houses, villas, land, condo's town homes and commercial properties for sale.
Certain areas appeal a lot to investors because of its many possibilities of beachfront properties, ocean view villas, gated community, condos, and more. I started my search for a place on the North Coast of the DR after consuming one too many episodes of The Caribbean Life on HGTV in the summer of 2017.
If you prefer a resort lifestyle, you might like another development that offers condos in a golf and beach community. In the Cabarete area, the price of an oceanfront condominium in a central location starts at about US$120,000, while a similar condo in a hotel-style development is priced from around US$250,000, according to Parekh.