Many of our clients at buyDRproperty.com choose to invest in the Dominican Republic not just for the lifestyle, but to secure legal residency. Under Law 171-07, the government offers a 'Fast Track' to permanent residency for investors. The Investment Threshold: To qualify for the Investor Visa, you must make a minimum investment of $200,000 USD in real estate. This can be a single property or a...
Can Expats Get a Mortgage in the Dominican Republic? Yes, some foreign buyers and expats can obtain a mortgage for property in the Dominican Republic. Approval is not automatic and depends on the bank, nationality or residence status, documented income, credit history, existing debts, property appraisal, loan currency and legal condition of the property. Dominican banks including Banco Popular,...
Buying property in a foreign country is exciting, but a single mistake can be costly. With 30 years of experience on the North Coast, we have identified the 7 most common pitfalls for international buyers: Skipping the Deslinde: Never buy land without a clear, modern GPS-mapped title. Not Using an Independent Lawyer: Always hire your own legal counsel, not the seller's. Ignoring the...
ROI and Rental Yields on the Dominican Republic North Coast Real estate in Sosúa, Cabarete and Puerto Plata can produce attractive rental income, but investors should be cautious with advertisements promising guaranteed returns or unusually high “net yields.” The true return depends on the purchase price, closing costs, furnishings, occupancy, rental rate, management, homeowners’ association...
Dominican Republic Property Taxes and CONFOTUR Benefits Property taxes in the Dominican Republic are relatively straightforward, but buyers should understand the difference between the one-time property transfer tax, the annual IPI property tax and the special exemptions available to certain approved tourism projects under CONFOTUR. For 2026, individuals generally pay an annual IPI tax of 1% only on...
Buying a home in the Dominican Republic is a straightforward process when guided by experts. At buyDRproperty.com, we simplify the journey for you. Here is the 5-step roadmap for 2026: The Offer: Once you find your property, we present a formal offer. Promise of Sale: A binding contract where a 10% deposit is secured. Due Diligence: Your lawyer verifies the Title and Deslinde....
Is It Safe to Buy Property in the Dominican Republic? Yes, buying property in the Dominican Republic can be safe when the transaction is handled correctly. Foreigners regularly purchase villas, condominiums, houses and land, but buyers should never rely solely on a seller, listing, developer or verbal promise. The safest approach is to use an independent Dominican real-estate attorney, verify the title...
Choosing the Right Location on the North Coast The North Coast of the Dominican Republic offers diverse lifestyle and investment opportunities. Whether you prefer the vibrant nightlife of Sosúa, the water sports of Cabarete, or the colonial charm of Puerto Plata, here is a professional breakdown for 2026. 1. Sosúa: The Expat Favorite Sosúa is famous for its beautiful bay and established expat...
Closing Costs and Taxes When Buying Property in the Dominican Republic When buying property in the Dominican Republic, it is important to budget for more than the advertised purchase price. Most buyers should allow approximately 4% to 6% of the purchase price for transfer tax, legal services, due diligence and administrative expenses. The exact amount depends on the property value, the attorney’s...
Can Foreigners Buy Property in the Dominican Republic? Yes. Foreign citizens can legally buy and own real estate in the Dominican Republic. Dominican residency or citizenship is not normally required, and foreign buyers can generally acquire houses, villas, condominiums, apartments, commercial real estate and land. Foreign owners generally have the same basic property-ownership rights and...
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