Thinking of Purchasing Property in the Dominican Republic? Here are all the details you need to know.

New Catholic Church in Bavaro Punta Cana

Welcome to the DRListings.com Blog.
In this post we will outline everything you need to know about purchasing property in the Dominican Republic.

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Tourism to Dominican Republic is on the increase this year!

Tourism to Dominican Republic is on the increase this year, speaking at the Dominican Annual Tourism Exchange (DATE) in Punta Cana, DR Minister of Tourism Francisco Javier Garcia who said that tourism has increased every month since September last year.

Focussing on recent growth, Garcia said that tourism was up 3.2 percent in March (including a 12 percent increase in U.S. visitors), 2.14 percent in February and nearly six percent in January. Read the rest of this entry »

IFC supports Dominican Republic’s Punta Cana Airport expansion

aa-punta-canaIFC, a member of the World Bank Group, will provide $20 million to Corporación Aeroportuaria del Este, SA to expand the Punta Cana International Airport and support the Dominican Republic’s tourism sector.

CAE, which owns and operates the airport, will build a new runway and taxiway suitable for larger aircraft and expand the passenger terminal. The expansion will enable increased passenger capacity, improve services, and diversify destination markets. It also will benefit the local economy by supporting tourism, a key source of foreign exchange and fiscal revenues. Read the rest of this entry »

Hard Rock rebrands Moon Palace resort in Punta Cana

hard_rock_cafe1TAMPA – Hard Rock International, owned by the Seminole Tribe of Florida, and Palace Resorts, with resort holdings in the Caribbean, will rebrand the Moon Palace Golf Resort & Spa in the Dominican Republic as the Hard Rock Hotel & Casino Punta Cana by spring 2010.

Terms of the deal involving the 121-acre property, which includes an 1,800-room hotel, were not revealed.

Hard Rock Hotel & Casino Punta Cana will offer more than 48,000 square feet of gaming space, with a high-limit poker room, a VIP lounge, and a race and sports book, along with 457 slot machines and 40 tables. Games will include baccarat, blackjack, craps and roulette.

The Seminole Tribe acquired the Hard Rock brand in 2007 with plans for international expansion of Hard Rock properties. The tribe also owns the Seminole Hard Rock Hotel & Casino in Tampa.

By TED JACKOVICS  | The Tampa Tribune

Bavaro – Punta Cana growing more popular for long term rentals

Bavaro - Punta Cana Beach

Bavaro - Punta Cana Beach

Why has Bavaro – Punta Cana grown more popular for long term rentals?

Bavaro – Punta Cana being Dominican Republic’s number 1 tourist destinations has settled into one of the top long term rental destinations. More and more long term residents of Dominican Republic and abroad are finding better living standards in Bavaro – Punta Cana areas as opposed to other antiquated areas of DR. Read the rest of this entry »

How much house can I afford now?

Following the subprime mortgage crisis, homeowners are still wondering which property to invest in. Prospective homeowners are still confusing. This is because the parameters that are taken into account before you can settle for a house have become highly unpredictable. However, if you are wondering “how much house can I afford“, you can talk to a real estate broker who can guide you in the same. Read the rest of this entry »

Second Home in Dominican Republic

Reasons for having a second home in Dominican Republic

Most individuals that purchase a second home is usually for either the investment or for a getaway/retirement purposes or both. This article will discuss some benefits of owning a second home here in the Dominican Republic for the getaway and retirement crowd.

Many that choose to purchase real estate in the Dominican Republic do so because the prices of property are dramatically cheaper than comparable property in most all other Caribbean countries.
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Investing in Dominican Real Estate for Resale

If you are wanting to buy Dominican Republic Real Estate for Resale follow these tips to find property with good resale value.

A good rule to follow is the location. Location is usually the most desirable factor but the property may not retain the same status forever.

1.  What areas are in demand and how long have they been in demand?

2.  Are other areas in that town increasing the status of hot areas?

Read the rest of this entry »

Purchasing Dominican Rental property

Essential tips for purchasing  property for rental in the Dominican Republic

  1. Repossessions, ugly homes, and distress homes are useful for buying property. Lease purchases can be extremely useful which  can help you to leverage investment money and reach a positive cash flow from renting. Buying fixer upper homes or repossessions can help to reduce investment money and improve your cash flow and appreciation.
  2. One can’t count on a large cash flow from property with one tenant. In this scenario , the goal is to cover the mortgage and current expenses.
  3. Read the rest of this entry »

Buying Real Estate in the Domincan Republic

Buying real estate in the Dominican Republic is an excellent alternative investment for those interested in owning a piece of paradise.

Before beginning the search for buying Real Estate in the Dominican Republic, it is best to do your homework and follow the simple rules below.

Read the rest of this entry »