Should I Invest in the Dominican Republic

Yes you should invest in the Dominican Republic and here are a few good reasons why investing in real estate for either a vacation property, second home or purely investment in the DR makes sense.

Last month Wildefire Properties was asked to be a partner by the Canadian Real Estate Wealth Investor Magazine for their upcoming Investor Forum in Toronto, Canada. Joining me was President and CEO, Eric Sandmael, developer and owner of Casa Linda Residencial located in the North Coast of the Dominican Republic.

During this event we met guest speaker and economist Manual Pacheco, currently the Ministry of Tourism for the Dominican Republic. Manuel is a graduate from the University of Quebec in Montreal, Canada with a Master’s Degree in Business.

It was great to meet Manuel and learn more about why the Dominican Republic is a great opportunity to invest. Here are key points Manuel provided to the Toronto audience.

“Tourism is one of the pillars of the Dominican Republic’s economy, with an estimated 25% of the nation’s GDP.”

Key Points Why to Invest in Dominican Republic Real Estate:

• Geographical location in both the North and South American hemispheres is a hub of international investment
• Location is a great advantage for quick and easy access to the Western markets with well established industrial free-trade zone
• Advanced telecommunications infrastructure and a skilled, qualified labor force
• Offers a modern transportation infrastructure that is unique for the region.
• 8 international airports with daily flights (4 hours from Toronto, 3 hours from New York)
• Extensive road network
• Largest worldwide producer of premium cigars, and leading exporter of high-quality organic cacao and banana
• Ranked by the WTO as the Caribbean leader in both tourism and large infrastructure facilities
• Several beaches among the best of the world
• Developed a robust economy offering stability for international investment
• The country boasts a truly investment friendly regulatory environment
• International Investment Law that grants equal rights to foreigners, with tax exemptions to retirees who choose to establish residency in the D.R.
• Tourism Laws provides fiscal exemptions to tourism new projects and allows refurbishing and re-equipment of five-year-old projects, ensuring competitiveness and return on investments.

Dominican Republic leads in Caribbean tourism market

I also had the pleasure to speak at the Investors Forum and added that in 2014 the Dominican Republic had approximately 5.1 million people visit making the DR the number one tourist destination in the Caribbean. For this reason rental returns (on average 70% occupancy rate per annum) are very lucrative and why developers especially in the North Coast such as Casa Linda Residential have a very successful rental program.

Investing In Dominican Republic Real Estate – Timing is Right!

Investing in Dominican Republic real-estate for a second vacation home, retirement or solely investment purposes, the timing is right. Prices are increasing but still affordable. With a continuous growing tourism market and a stable government which strongly encourages foreign investment help to make the Dominican Republic very appealing.  Lastly, we cannot forget the warm tropical weather and the world class beaches. I guess the Dominican Republic really does have it all! Yes to invest.

If you have any questions regarding investing in Dominican Republic Real Estate please feel free to contact me at [email protected]

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