Thinking About Investing in Puerta Plata Real Estate? The North Coast (Puerta Plata, Sosua, Cabarete) Real Estate is Leading the Way!
Dominican Republic, Panama Real Estate Heating Up.
The Dominican Republic is leading the region right now, with an upward pattern of about 7 percent each year since 2012 Link.
Foreign buyers are also predicted to face strong exemptions and incentives in the Dominican Republic, a country which saw a favorable currency exchange rate to the USD of +20% within the last five years.
Property prices have followed in the same upward pattern of about 8% annually since 2012, where the average price per sq. ft. start around $87 in some locations but tend to be much higher in prime spots such as Santo Domingo, Punta Cana, and Puerto Plata.
The province of Puerto Plata, located on the north coast of the Dominican Republic, is one of the main destinations in the country where the tourism industry has flourished, thanks to the natural beauty of the area, as well as its historical and cultural legacy. In addition, multiple relaxing activities, water sports and nightlife complement its varied offer.
The Dominican Republic’s newest cruise port is seeing significant growth this summer, according to new data from the country’s Ministry of Tourism.
The Amber Cove port, which is located in Puerto Plata, saw a total of 64,415 passengers in July, compared to 35,320 in July 2017.
That represented an 82 percent increase in cruise passenger arrivals year over year.
Interval International Expands Global Resort Network with Sunrise Suites by Lifestyle in the Dominican Republic
Interval International, a prominent worldwide provider of vacation services, added Sunrise Suites by Lifestyle, a mixed-use all-inclusive resort in Puerto Plata, Dominican Republic, to its vacation exchange network. Located on the northeast coast, the Puerto Plata area is a highly sought-after vacation destination, renowned for its stunning beaches, coral reefs, and waterfalls.
US$125M port ‘will place Puerto Plata on the path to development’
The project is has a cost of around US$125 million “and will place Puerto Plata on the path to development and economic progress, ensuring the future growth of the entire Northern region.” Link
Puerto Plata Finds Its Stride in Dominican Republic’s Growth Spurt
Everything old is new again, the saying goes. And nowhere is that more true than on the north coast of the Dominican Republic, where Puerto Plata is seeing a rebirth of investment and tourism.
Investors have been noticing the demand, or vice versa. Expedia reports reservations in Puerto Plata were up 10 percent for the first six months of 2017, and a dozen new hotels are in the works.
Why the Home Buying Service at Wildefire Properties is Miles Above The Competition:
“Wildefire Properties prides itself in providing your Cabarete Sosua real estate turnkey solution (click to find out more).
Helping clients from the beginning and continuing service support after the home buying process concludes.”
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Richard Regan, President
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