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Buying a Property in The Dominican Republic
A Brief and Rapid Guide to the Dominican Republic
White sandy beaches, impressive mountain ranges veined with spectacular rivers and waterfalls, and saltwater lakes teeming with exotic wildlife are just part of the Dominican Republic's appeal.
The climate of the coastal zone is warm, tropical. It is fresher in the central region. The average temperature during the entire year is 25 degree Celsius (77F).
The Dominican Republic spans an area of 48 679 km2 and occupies two thirds of the island known as Hispaniola.
Buying Real Estate
After that description of paradise it seems a shame to return to the mundane world of real estate, but no matter how nice it sounds you will need somewhere to live so...
The north coast of the Dominican Republic is where you will find the province capital Puerto Plata and the small, pulsating cities, Sosua and Cabarete. The best real estate properties for sale are located in this area of the island. You can buy property in stunning locations from as little as £50,000!
In 1998, a law was passed allowing foreigners to buy property in the Dominican Republic with the same rights and obligations as a Dominican citizen.
The only requirement is that the Title Registry Offices keep a record, for statistical purposes, of all purchases made by foreigners. Acquiring property here is straightforward.
As in all the islands of the Carribean - to get the best protection when purchasing a property ALWAYS get a trustworthy, reliable attorney, AND title insurance.