How To Buy A Home in the Dominican Republic
If you’re planning on embracing ex-pat life in the near future and relocating to the Dominican Republic, you liking have a few logistical questions about how to get your new life abroad started. Fortunately, buying a home in the Dominican Republic is a relatively straight forward process due to the country’s open attitude towards foreign investment. At Casa Linda, we’re happy to help couples from all over the world rediscover themselves in paradise. Known for beautiful weather, white sandy beaches and natural wonders, the Dominican is a stable option that attracts thousands of visitors each year. Learn how you can get started buying a property in the DR below!
Buy in The Dominican Republic Today
Whether you’re looking to relocate full-time to the island or you are interested in buying property in the DR as an investor, there’s never been a better time to take the first steps. Financing in the Dominican is simple with the assistance of an international bank and typically requires you to put down a minimum of 30% of the cost of the home. There is a verification process that will need to happen prior to the approval of your mortgage, and in most cases, you will need to be present when buying property to facilitate the signing of all relevant documents.
Mortgage terms in the Dominican Republic are 20 years long, and lending rates are higher than those available in Canada and the United States. At the end of 2019, the typical rate for a mortgage on a property in the Dominican Republic was between 4% and 7% (as quoted by Scotiabank).
Why Buy With Casa Linda
Located on the gorgeous northern end of the island, Casa Linda is a luxury villa community just outside of Cabarete and Sousa. This area is filled with many ex-pats who are attracted to the region’s beautiful weather, as well as the reasonable cost of living the DR offers. Our villas start at $199,900 USD, and include ten different floor plans to choose from.
Each of Casa Linda’s villas features high-quality finishing touches, as well as an amazing outdoor space for you to enjoy as well. The home can be built in-line with the template, or you can choose to upgrade some of the fixtures and finishes if that is your desire. The sky is truly the limit!
Casa Linda is a favorite of ex-pats from all over the world because of its welcoming community and amenities. The villas at Casa Linda include private swimming pools and the property comes fully landscaped. You can design your villa and create a custom home by choosing your finishes and fixtures. There are so many reasons to choose the luxury villas at Casa Linda when you are buying property in DR!
Contact us today if you are ready to make a move and are interested in learning more about buying property in the DR. Casa Linda is the perfect home for anyone looking to relocate to the Dominican Republic!