×
Interested in our Partner Program for businesses or our Local Guide Program for experienced expats and digital nomads? Click here to learn more.
Dominican Rep | What do I need to know when buying property in Dominican Rep? | Expat Exchange
Expat Exchange
Free MembershipSign In
Las Terrenas, Dominican Republic

What do I need to know when buying property in Dominican Rep?

Answer this Question

When we asked expats what advice they would give a foreigner before buying a property in Dominican Rep, they said...

"1. It is important to research the area you are interested in buying property in, as well as the local laws and regulations that may affect your purchase. 2. It is recommended to hire a local lawyer to help you with the legal aspects of the purchase, such as title searches and contract negotiations. 3. Make sure to obtain a copy of the deed of sale and any other documents related to the property, such as a survey or title insurance. 4. Be aware that the Dominican Republic has a dual currency system, with both the Dominican Peso and the US Dollar accepted as legal tender. 5. Be aware that the Dominican Republic has a high rate of property tax, so it is important to factor this into your budget when purchasing a property. 6. Be aware that the Dominican Republic has a high rate of inflation, so it is important to factor this into your budget when purchasing a property. 7. Be aware that the Dominican Republic has a high rate of crime, so it is important to factor this into your budget when purchasing a property. 8. Be aware that the Dominican Republic has a high rate of corruption, so it is important to factor this into your budget when purchasing a property. 9. Be aware that the Dominican Republic has a high rate of natural disasters, so it is important to factor this into your budget when purchasing a property. 10. Be aware that the Dominican Republic has a high rate of political instability, so it is important to factor this into your budget when purchasing a property," remarked another expat in Dominican Rep.

Other Questions:

What do I need to know when buying property in Dominican Rep?

If you live in the Dominican Republic, newcomers to the Dominican Republic would love to hear your answer to this question:

If your answer relates to a specific city or town in the Dominican Republic, please include the name of the city/town below:


Las Terrenas, Dominican Republic

SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

Contribute to Dominican Rep Network Contribute
Help others in Dominican Rep by answering questions about the challenges and adventures of living in Dominican Rep.

Allianz Care
Allianz Care

Copyright 1997-2024 Burlingame Interactive, Inc.

Privacy Policy Legal Partners & Local Guides