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What To Know About Buying Property In The Dominican Republic

Jan 31, 2020 | Dominican Republic Villas, Expat Life, News

Buying property in the DR is a simple and straightforward process. The government in the DR encourages foreign investment and has some very common-sense requirements for buying property in their country. If you are looking for a tropical locale for your retirement, investment property, or vacation home, the Dominican Republican is a solid choice. The weather is beyond belief as are the beautiful sandy beaches. In addition to the natural wonders, the country is known for its stability and the ability to live a very comfortable life on a reasonable budget. Many ex-pats that have relocated to the DR first visited the country on vacation and fell in love! It’s no wonder that the DR is own on the most popular ex-pat nations.

buying property in the dominican republic

Buying Property DR

Whether you are looking to relocate full-time to the area or you are interested in buying property in the Dominican Republic, now is the perfect time to act. The financing is straightforward, especially when one works with an international bank like Scotia Bank. Typically, you will need 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 this process can be cumbersome. In most cases, you will need to be present when buying property in the DR for the signing of all of the documents and the closing. In some instances, you may be able to assign someone Power of Attorney and attend the closing in your place.

Mortgage terms in the Dominican Republic are 20 years 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%. These quoted rates are from Scotiabank. The team at Casa Linda is very familiar with the home-buying process and can help you navigate this straightforward process. We are here to help you make the Dominican Republic your home!

Why Casa Linda Should Be At the Top of Your List

Casa Linda is a delightful luxury villa community located in northern Dominican Republic. This area is filled with many ex-pats who have come to the region to enjoy the beautiful weather and a very reasonable cost of living. The luxury villas at Casa Linda start at $199,900 and there are ten different floor plans to choose from. You can choose a bungalow with two bedrooms or opt for a custom villa up to five bedrooms!

Our villas contain the high-end finishes that you would expect, and they all come with amazing outdoor space 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!

buying property in the dominican republic

Casa Linda is a favorite of ex-pats because of its welcoming community and its 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!

dominican republic luxury villas


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