What is The ROI on Investment Property in the DR
Are you looking for investment properties in the Dominican Republic which offer you the opportunity to generate a steady and profitable income stream? The Dominican Republic (DR) is the leading tourism destination in the Caribbean, and it’s known for offering a rewarding Return Of Investment (ROI) of home investment in the Caribbean. In fact, the DR is quite popular with investors because the government does not impose any restrictions on foreign investors purchasing properties.
With the increased property prices in North America and all over the world, the real estate market in the Dominican Republic is yet comparatively affordable. The rapid growth of infrastructure improvements and the government’s stable economic growth have allowed the Dominican Republic to be the Caribbean’s hub for foreign investors. Read on to learn more about the ROI of investing in the Dominican Republic.
The Dominican Republic’s government has had an economic growth averaging 5.3% from the year 2000 to the year 2019. The economy continued to grow and recover in 2021, with GDP reaching 12.3%, despite the significant impact of the pandemic. The robust growth was mainly achieved by the surge of tourism, where even during a worldwide pandemic, 2.75 million tourists visited the Dominican Republic. The growing stream of international tourists has paved the way for many real estate developers to offer investors a very high ROI confidently.
Low Additional Costs
When buyers purchase a villa or a condo, they are automatically subjected to additional costs. With Casa Lina Quality Communities, buyers are generally subjected to only 1 to 1.5% of the purchase price, including all disbursements, due diligence, and ownership transfer. An additional 3% transfer tax is incurred by the purchaser to transfer the property’s title to the buyer’s name. The amount is a government-assessed property value, which is always lower than the market value. Depending on the purchase price, most buyers pay from $2000 – $6000 USD. With lower additional costs, buyers have an opportunity of gaining a higher ROI with their investments.
The most common factor our investors look for is housing that offers both quality and affordability. The average price of a property in Casa Linda can range from as low as $199,000 USD all the way up to $400,000 USD, whereas other properties in the Dominican Republic can go up to $10 million. Casa Linda grants you a variety of luxury villas that can be purchased as is or modified to the investor’s need.
In order to guarantee the rental of your property and ensure a high ROI, it is best to invest in an area that provides amenities to the tenants. Casa Linda villas are within a gated community, with complimentary shuttle bus service to Cabarete and Sosua several times a day, seven days a week. Tenants can also enjoy our onsite tennis, mini-golf, shuffleboard and bocce ball courts. The amenities that set Casa Linda apart from other investment properties include:
- Clubhouse & Eatery
- Waterpark and Lazy River
- High-Speed Fibre Optic Internet and Cable
- 24-hour Electricity with a Back-Up System and more!
Invest with Casa Linda
Casa Linda happily introduces visitors from all over the world to the beautiful Dominican Republic. Our state-of-the-art villas and community help newcomers embrace the Caribbean lifestyle. Start investing in the Dominican Republic by contacting our team today!