White sand and turquoise waters? You bet! With the Atlantic Ocean to the north and the Caribbean Sea to the south, this lush tropical country boasts a mere 1,000 miles of coastline, magnificent national parks, mountain ranges, ancient ruins, merengue beats, delicious cuisine, superb real estate opportunities and favourable taxation.
Of the many reasons why people fall in love with this corner of the Caribbean here are the three that you must consider when deciding where to buy an overseas home. The Dominican Republic may just be the place for you....
1. Year-Round Summer
That's right, here in Dominican Republic you can relax, swim and enjoy the sun the whole year around. The water temperature of the Ocean does not fall below 77°F/25°C, there are no chilling winds or sudden changes in temperature. 90% of the time it is sunny and warm between 77°F/25°C and 93°F/33°C.
And what about those hurricanes that affected so many caribbean islands you may ask? Well, believe it or not but they do NOT really affect the Dominican Republic because of its strategic geographic location thanks to the nearby mountain of Pico Duarte, the Caribbean's highest mountain with an altitude of 10,100ft/3,080m.
2. Impressive Rental Potential
The Dominican Republic's fast growing tourist industry has shown double-digit increases in visitor numbers annually over the last few years with hotel occupancy rates up to 78%. This gives great reason to purchase a property - not only so you can enjoy your own Caribbean retreat for some winter sun but also to provide superb potential to generate income from rentals. That's right expect to acheive rentals for 40 weeks of the year (or more)!
Favourable tax rates for both resident and non-resident owners make the investment opportunities all the more attractive. A good example property, which is for sale here on The Viewing, is the Casa 22 boutique villa. With its lush gardens, close proximity to the beach, a roof top terrace, swimming pool and 5 ensuite rooms the villa works perfectly as a private house or as a boutique hotel so rental potential is maximised whether you run it as a private residence or as a business. Already in company ownership one can also benefit from purchasing an operating business where a simple transfer of company shares to the new owner mean no real estate purchase taxes apply.
3. A Lifestyle To Keep You Buzzing
Where to start....? Warm hospitable people, low cost of living, astounding nature, intriguing history, rich cultural experiences, vibrant festivals and of course those uniquely Dominican specialties such as cigars, rum, chocolate, coffee and merengue. And lets be clear, you will never tire of those truly outstanding beaches! The Dominican Republic really is a hidden gem of the Caribbean where you can remain active but......at a more relaxed Caribbean pace.