Located on the island of Hispaniola is the beautiful country of The Dominican Republic. The Dominican Republic is well-known as one of the most exotic Caribbean vacation destinations, and thousands of people visit here every year. However, more and more people are purchasing homes and villas on the island nation, because they enjoy the friendly people, excellent weather and incredible beaches.
The Dominican Republic features more than 1,000 miles of beach front real estate which explains why so many people are purchasing homes here. There has even been a recent influx of Canadian buyers, purchasing homes for the sole purpose of having a comfortable place to stay when they visit. Many of these people won't live here full time, until after they retire. However, they realize condo or villa on the beach is a great investment for a few different reasons. First off, foreign buyers never need to rent a room when they come to the Caribbean country to visit. This is a great incentive, but there are others which influence people's decision to buy.
In many cases, there are no title transfer taxes or annual taxes when a foreigner purchases a home in the Dominican Republic. This is not always the case, but it is possible to own a property in this beautiful country without the threat of taxation. The capitol province of Santa Dominga offers small homes, condos, villas, and even farm land as viable options. While the area Samana more than one million people is the most densely populated area of the country, there are other areas such as Peurto Plata and La Romana that also offer great real estate opportunities.
A Growing Economy
Another reason to invest in a property in the Dominican Republic is the growing economy. This is due largely to the free trade zones offered here. Agriculture was once the country's main supplier of jobs, but the service sector is now number one. This is largely due to the ease with which foreign goods may be landed and handled without intervention from customs. The Dominican Republic is already home to the second largest economy in the Caribbean, with more than $1 billion in revenue generated by tourism. As the economy continues to develop, land purchased here now is sure to appreciate in value. www.realestatecasaholandesa.com
Another factor contributing to the Dominican Republic's growing economy are the remittances being sent here by foreign workers. The Dominican Republic is the birth place of many professional baseball players. When these gentlemen receive large contracts, they typically provide for their less fortunate families back home. Though there are other remittances coming into the country, the vast majority of these funds are generated by Major League Baseball players. More than $1.5 billion dollars are sent to the Dominican Republic annually, with 75% of these funds coming from the US.
A Home Away From Home
While property bought in the Dominican Republic is great monetary investment, the best reason to purchase here is to have a familiar place to stay during visits. Hotels can be expensive and inhospitable. There's nothing like having a place to rest and relax during a wonderful vacation to the Caribbean Nation of the Dominican Republic. Of course, the biggest attraction to the Dominican Republic are in the Provence Samana en special Las Terrenas, the beautiful beaches. The pristine, blue water and sugar white sand compose some of the most beautiful real estate in the world. This is the reason so many people choose to buy a second home in this country, but there are other amazing tourist attractions. Lago Enriquillo is a huge salt water lake which doubles as a bird sanctuary and wildlife reserve. Visiting this paradise is like seeing zoo animals in their natural habitat. Another great attraction is the Mount Isabel de Torres. This sight gives visitors the opportunity to ride a cable car to get a close perspective of the Christ the Redeemer statue.
A second home close to the beach is a great place to spend vacation or an entire retirement. The Las Terrenas performs well in terms of value for money for Dominican Republic real estate, Las Terrenas, as well as the predicted rental income derived from any country - The economy in this developing country continues to grow, and so does the value of the homes here.
From small homes to elaborate mansions, the Dominican Republic in Las Terrenas offers a plethora of opportunities to invest in a second place to stay. The Dominican Republic should certainly be kept in mind when anyone looks to purchase foreign properties, because this nation has so much to offer.
Robbert Korenhof
La Casa Holandesa en El Jamito
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