February 12, 2016 by Lief Simon
Profit From This Market’s Exploding Tourist Demand
I’ve been watching property markets in the Dominican Republic for about a dozen years. This island nation is one of the best places in the world to invest in rental property, thanks to a growing demand and undervalued prices.
You can buy a rentable apartment for as little as US$100,000 or even less. And you can get financing for the purchase in the Dominican Republic as a non-resident foreigner.
When I first visited the country, in 2005, areas such as Punta Cana and Puerto Plata were getting all the attention. At the time, those spots weren’t interesting to me. My interest back then was in the Samaná Peninsula, particularly Las Terrenas, which was still developing. I recommended the area as a buy for my real estate investor readers. Prices were cheap, and the product offering was as good as it gets from an investor’s point of view.
Today, while Las Terranas is still a buy, the DR offers several other good options both for generating yields and capital growth. Specifically, I like the coast near La Romana, about an hour east of Santo Domingo, where I have identified excellent current opportunities, including one in particular that I detailed for my Global Property Advisor members in November.
I see greater potential for capital appreciation for this particular opportunity than for many others I’ve seen recently in the DR, because this investment is in a master-planned beachfront resort community being built by developers with a track record. This is a very solid product.
And it’s being developed in a market where
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