SOSUAPETER
8/4/2016 20:36 EST
Hello Nancy
You will find on this Forum many useful pages that you should read as yu need to decide which part of this huge island you want to retire to. I'm English and moved here to retire 7 years ago but joined Coldwell Banker in Sosua where I live and think its the best place to live for the following reasons: but I am biased.
Why should a North American buy property in the Dominican Republic?
WEATHER, EASY TO OBTAIN RESIDENCY, QUALITY REAL ESTATE PRICES, LARGE EUROPEAN AND NORTH AMERICAN INTERNATINAL COMMUNITY, AFFORTABLE LIVING, GOOD WORKING COMMUNICATIONS, SHORT FLIGHTS, EVER GREEN NATURE, LOT TO SEE, INTERNATIONAL SCHOOLS, MEDICAL ATTENTION, FINANCIAL AND POLITICAL ESTABILITY, MANY SPORTS
WEATHER
obviously one of the most important points is the weather, we do not have the extreme cold of the Northern US or Canada nor the heat in some parts of the US. Generally weather conditions are warm and sunny all year around. Our tropical clime involves some rain but weather is generally just great.
Many North Americans are very wary of the Caribbean Islands because of hurricanes. But here in Sosua, Cabarete, Puerto Plata on the Dominican North Coast is one of the very few places in the Caribbean where there has never been a Hurricane. That is because of the Canal de la Mona, which is the sea passage between the Dominican Republic and Puerto Rico. Once a hurricane tracks in the direction of the North Dominican Coast the ocean currents of the channel will push the storm north towards Cuba or if the track is more southerly the current then will push it out into the Caribbean Sea or along the southern coast of the Dominican Republic. Of course there is always a possibility to get hit by a Hurricane but the possibilities are very slim.
EASY TO GET REISIDENCY
North American citizens are very welcome in the Dominican Republic and the government policy is to get more foreign investment into the Dominican Republic, that’s why it is very easy to get a residency and work permits for Canadian Citizens. We will happily assist you with the paperwork and procedure to obtain your residency. It is mostly bureaucratic paperwork and all must take place in Santo Domingo, located on the south coast so it will take a few months and an experienced lawyer to get things done. Not to worry, things move slow at times, that is part of the charm about living in a Hispanic culture but it will get done.
Our lawyer can help you to get things done quick and easy. The cost of the first residency is between US$ 1000 an US$ 2000 per person.
PRICE QUALITY REAL ESTATE PRICES
The Dominican Republic is a very interesting place to buy real estate for American; the price quality ratio is just great. The Dominican Republic is one of the very last places where there is still ocean front or ocean view real estate available. A Real Estate price; when compared to other Caribbean countries is extremely affordable.
Because of this very affordable price ratio, ocean front/ocean view properties prices increased even during the international crisis.
There are many different gated communities available, where your investment is guaranteed and the prices steadily increase. Yes we also had some properties losing value over the last years, but the big majority stayed stable or increased in value. Here on the north coast you can invest in a property where prices are not overinflated.
LARGE NORTH AMERICAN/EUROPEAN INTERNATIONAL COMMUNITY
Especially in Sosua there is very large North American/European International community. Many early retired Americans choose Sosua as their retirement home. Because of this huge international community you can easily shop for North American or European food, clothing, construction materials, etc. The Playero Supermarket is one of the biggest supermarkets on the North coast. You can shop for Italian, American, Russian, Chinese, and Dominican food specialties along with a host of fresh tropical fruits and vegetables.
There are also a lot of activities organized for the International community (Lotto, Karaoke BBQ and much more). Come on down and enter into the relaxed atmosphere here in Sosua/Cabarete there is always something happening and it gets never boring. I am sure that you will like the Caribbean way of life that is influenced by both North American and European culture.
AFFORTABLE LIFE
The Dominican Republic is one of the few places in the Caribbean where life is not expensive. Where else can you get a full lunch starting at 3 Dollars?
Many Dominican Restaurants offer very tasteful food for cheap prices which includes mostly meat/chicken/pork/fish, rice and salad.
There are also a lot of International Restaurants offering food for very reasonable prices. Many Restaurants offer a special resident menu, with special pricing.
The Supermarket Playero is full of Dominican and International food for affordable prices. Just a few minutes away in Puerto Plata is the La Sirana/Pola Supermarket with an even bigger variety of food, household supplies and clothing. There are other smaller yet very nice shops, and restaurants to explore.
In Santiago or Santo Domingo are even bigger shops and you find everything you need.
VERY GOOD COMMUNICATION
The Dominican Republic has an excellent telecommunication system, by cable or air, you get very good connection to all over the word. As one of the first Latin American countries the Dominican Republic counts with 3 G connection and 3G Internet all over the country. There are also 2 Black Berry providers available.
The prices for communication are internationally prices and available to all.
SHORT FLIGHT
The Dominican Republic is just a short flight from the US and connected with several US Airports.
There are 6 major International Airports in the Dominican. Puerto Plata, Santiago, Santo Domingo, Samana, La Romana and Punta Cana.
The most convenient airport on the north coast is Gregory Luperon International Airport in Puerto Plata, where world-wide connections can be made.
EVER GREEN NATURE
The Dominican Republic is a tropical paradise with beautiful mountains, valleys, waterfalls and incredible beaches. The fantastic weather makes the island so green. Many endemic plants and species are in the different parts of the Dominican. The nature is just stunning and one of the big advantages of the Dominican Republic
SCHOOLS
In Sosua/Cabarete are different International schools available. Some offer bilingual education. Your child can obtain an American and Dominican diploma from a US accredited school. This gives your child a big advantage for the future.
Puerto Plata, Santiago and Santo Domingo have some outstanding universities and offer many post secondary education opportunities.
MEDICAL ATTENTION
We have here in Sosua/Cabarete an emergency medical center with several specialties. A few minutes away in Puerto Plata there are several hospitals where treatment for more serious medical conditions is available. Specialty treatment and the university hospital can be obtained in Santiago and Santo Domingo.
Different local insurance companies offer national and international health coverage for much cheaper price then in the US.
FINANCIAL AND POLITICAL STABILITY
The Dominican Republic is one of a few Latin American countries that have political and financial stability. Economic inflation is low while economic growth is steady. The relative stability of the Dominican Peso (RD$) exchange rate with the US dollar (US$) promotes advantageous investment opportunities for US citizens.
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We have some excellent vets here including Dr Bob who sometimes uses complimenatry remedies when it benefits the animal. My email is peter@coldwellbanker.do if you want information on properties as we have over 800 listed
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